This Overlooked Warren Buffett Stock Is Absurdly Cheap Right Now
Buffett helped might have leaned on his successor to add this stock to Berkshire's portfolio.
This Overlooked Warren Buffett Stock Is Absurdly Cheap Right Now
Overview
Investors who have not looked at Berkshire Hathaway lately may be surprised to see Macy's (NYSE: M) listed as one of its holdings. Berkshire took an interest in the retailer at a time when it struggled with high overhead, lower mall traffic, and declining sales.
Nonetheless, Berkshire's management team has added shares while the investment giant has been a net seller of stocks. This is likely because the retail stock is "absurdly cheap," and the reasons go well beyond a low price-to-earnings (P/E) ratio.
Image source: Getty Images.
Details
Source
Originally published at www.fool.com.
Related Articles
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.
