Berkshire Hathaway's Operating Earnings Fell: Is the Value Stock a Buy at an All-Time High?
Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) blasted to a new all-time high on May 2 just in time for its 60th annual meeting in Omaha, Nebraska, last Saturday.The stock is crushing the S&P 500 (SNPINDEX: ^GSPC) year to date. It's up 14%, compared to a 4.5% decline in the index. The winning streak goes beyond the past few months. Berkshire has outperformed the S&P 500 during the past year and past three years, and has nearly tripled during the past five years while the S&P 500 has doubled.The gains come even as Berkshire has been reducing its investments in equity securities and building up its cash position. Last year, Berkshire cut its holdings in its largest position, Apple, by roughly two-thirds and slashed its Bank of America stock holdings, which was its second-largest position.Continue reading
Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) blasted to a new all-time high on May 2 just in time for its 60th annual meeting in Omaha, Nebraska, last Saturday.
The stock is crushing the S&P 500 (SNPINDEX: ^GSPC) year to date. It's up 14%, compared to a 4.5% decline in the index. The winning streak goes beyond the past few months. Berkshire has outperformed the S&P 500 during the past year and past three years, and has nearly tripled during the past five years while the S&P 500 has doubled.
The gains come even as Berkshire has been reducing its investments in equity securities and building up its cash position. Last year, Berkshire cut its holdings in its largest position, Apple, by roughly two-thirds and slashed its Bank of America stock holdings, which was its second-largest position.
