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Is StoneCo Stock a Buy Now?

TheMotleyFool 
0 0 13.02.24
Is StoneCo Stock a Buy Now?Photo, wide shot, wide-angle lens, soft focus, Reinsurance company, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Sebastião Salgado: https://oaidalleapiprodscus.blob.core.windows.net/private/org-IbuNdCATsFaPOITjFOv2kJh3/user-AXaxqjBUW45D8BadJEo9mUpW/img-bSRc7PrRT00tZTDNf9SggMTD.png?st=2023-05-06T18%3A48%3A49Z&se=2023-05-06T20%3A48%3A49Z&sp=r&sv=2021-08-06&sr=b&rscd=inline&rsct=image/png&skoid=6aaadede-4fb3-4698-a8f6-684d7786b067&sktid=a48cca56-e6da-484e-a814-9c849652bcb3&skt=2023-05-06T00%3A38%3A49Z&ske=2023-05-07T00%3A38%3A49Z&sks=b&skv=2021-08-06&sig=3seGuy7NQJX9RXUOWr6XArANokWXlKqwnEJxEHfdbSY%3D
 

Warren Buffett and his team at Berkshire Hathaway are known for their value approach to investing. So when they choose something a little different, investors should definitely take notice.

Berkshire Hathaway took a position in Brazilian fintech StoneCo (NASDAQ: STNE) when it went public in 2018. It's down 42% since its initial public offering (IPO) and 80% off its highs.

Did Buffett make a mistake? When he does, he's not hesitant to sell. But Berkshire Hathaway is holding on to it. Is StoneCo stock a buy today?

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Source Fool.com

Berkshire Hathaway Inc. A Stock

€660,500
-0.680%
The price for the Berkshire Hathaway Inc. A stock decreased slightly today. Compared to yesterday there is a change of -€4,500.000 (-0.680%).

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