Warren Buffett Urged To Acquire Larger Stake In Costco

This article was published on: 06/7/20 9:55 PM

Warren Buffett

Bloomberg has suggested that Warren Buffett’s Berkshire Hathaway take a much large stake in Costco.

According to Bloomberg:

Warren Buffett says “nothing can stop America.” To put his money where his mouth is and spend some of his US$137 billion stash before this crisis is over, he wouldn’t have to look far. If there’s one company that warrants the dealmaker’s attention, it may be Costco Wholesale Corp., a retailer in which Buffett’s Berkshire Hathaway Inc. already owns a stake.

At Berkshire’s virtual shareholder meeting last month, Buffett signaled that the Covid-19 pandemic hasn’t afforded him deal opportunities at bargain-basement prices the way past economic meltdowns have. Despite the nationwide shutdowns that are just starting to lift and a soaring unemployment rate, the S&P 500 Index is only 8% off its February all-time high. That’s partly due to aggressive actions

Read the full story at BloombergQuint

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