Warren Buffett Owns Domino's Stock. Should You Do the Same?
Yes, the Oracle of Omaha is stepping down. But I want to look at one of his investments from late last year. Domino's (NASDAQ: DPZ), owned by Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B), is the biggest pizza chain in the world, and makes for a compelling investment.My general take here is that its longtime trends of strong market-beating performance outweigh the slower turnover in the latest quarters. Domino's has proven to be a solid buy over the long run. Warren Buffett's stamp of approval says a lot about the company's position within pizza, as he looks for businesses that he views as having a lot of "moat" or barrier to entry/brand power.Continue reading
Yes, the Oracle of Omaha is stepping down. But I want to look at one of his investments from late last year. Domino's (NASDAQ: DPZ), owned by Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B), is the biggest pizza chain in the world, and makes for a compelling investment.
My general take here is that its longtime trends of strong market-beating performance outweigh the slower turnover in the latest quarters. Domino's has proven to be a solid buy over the long run. Warren Buffett's stamp of approval says a lot about the company's position within pizza, as he looks for businesses that he views as having a lot of "moat" or barrier to entry/brand power.
