Down 24%, Berkshire Hathaway (BRK.B) Is a No-Brainer Buy
Sep 8th, 2008 | By Alexander Green | Category: Emerging Markets, Featured, Financial NewsEven the most savvy investors have been stung by this year’s equity meltdown. Warren Buffett’s investment vehicle, Berkshire Hathaway (NYSE:BRK.A, BRK.B), is down 24% from its peak in December 2007.
Alexander Green says BRK’s drop creates an outstanding buying opportunity. Buffett has an unrivaled track record as an investor. He has always followed a disciplined value-based strategy. And this still holds true today.
BRK.B shares are trading at $3,860, down from a 52-week high of $5,059. This makes them a no-brainer buy right now.