Is Buffett still a buy? Wall Street splits on Berkshire Hathaway as annual meeting looms GlobeInvestor
Two longtime analysts of Berkshire Hathaway Inc appear deeply divided over prospects for the company led since 1965 by billionaire Warren Buffett, in reports issued on Monday ahead of this weekend’s shareholder extravaganza.
It also owns big stakes in Apple Inc, financial services companies including Bank of America Corp and Wells Fargo & Co, and the four largest U.S. airlines. The company’s stock price has lagged the Standard & Poor’s 500 since 2009. And in 2019, it had risen 4.9 percent through Friday while the S&P was up 17.3 per cent.
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