Prediction: Under Greg Abel, Berkshire Hathaway Will Hold This Warren Buffett Stock for Decades for This Remarkably Simple Reason
American Express is attracting and retaining card members across generations, showing why the business is built to last.
Overview
Berkshire Hathaway (NYSE: BRKA) (NYSE: BRKB) has held American Express (NYSE: AXP) for nearly 40 years, making it a staple holding under former CEO Warren Buffett. I predict Berkshire will continue to hold American Express under Warren Buffett's hand-picked successor, Greg Abel, because the company is attracting new cardholders from younger generations through its highly appealing rewards program.
Here's why the value stock is a great buy now.
Former Berkshire Hathaway CEO Warren Buffett. Image source: The Motley Fool.
Details
Source
Originally published at www.fool.com.
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