While Wall Street Worries, This Cheap Warren Buffett Consumer Stock Is a Screaming Buy
This Berkshire Hathaway holding should reward patient investors.
Overview
Berkshire Hathaway (NYSE: BRKA) (NYSE: BRKB) has owned Kroger (NYSE: KR) shares for nearly seven years. That goes back to the days when Warren Buffett made the capital allocation decisions. Buffett may have stepped aside as Berkshire Hathaway's CEO, but the famed value investor undoubtedly approves of this holding from his perch as chairman.
The company results haven't been terrible, but the new CEO aims to accelerate growth. Kroger's shares haven't performed well, but a check of the business shows this is an excellent buying opportunity for astute long-term investors.
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Details
Source
Originally published at www.fool.com.
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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.