Is It Too Late to Buy HP Stock?
HP's (NYSE: HPQ) stock price surged 15% to a 52-week high on April 7 after Warren Buffett's Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) disclosed a new $4.2 billion investment in the PC and printer maker. The purchase gives Berkshire an 11.4% stake in HP and makes it the company's largest shareholder.
That's great news for HP's investors, but is it too late for other investors to hop on the bandwagon after Berkshire's big buy? Let's review HP's business, how it aligns with Berkshire's investing strategies, and if this stock still has room to run after more than doubling over the past three years.
Image source: HP.
Source Fool.com
