Is Berkshire Hathaway Stock a Buy Now?
Is it the end of an era for Berkshire Hathaway's (NYSE: BRK.A) (NYSE: BRK.B) reliable long-term market-beating performance? Could be. Warren Buffett -- who largely made the conglomerate what it is today since taking the helm back in 1965 -- will be stepping down as chief executive at the end of this year. Although he'll remain on as chairman, the stock's slump since the announcement was made in early May says most investors are concerned.
It's also difficult to ignore that he's leaving on a bit of a low note. Not only is the company's operating cash flow down 13% through the first half of the current year, but the 2015 merger of Kraft and Heinz into food giant Kraft Heinz (NASDAQ: KHC) that Warren Buffett himself helped orchestrate is now being (mostly) undone, reminding the world that even the Oracle of Omaha doesn't always get 'em right. Never even mind the fact that Berkshire's still sitting on more than $300 billion in idle cash simply because Buffett and his lieutenants don't see anything out there that's worth investing in. There's no clarity as to when they will, either.
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Source Fool.com
