Is This Buffett-Backed Fintech Stock a Buy?
Since Warren Buffett took over as the chairman and chief executive officer of Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) in 1965, he has transformed it from an obscure textile company into a giant of the corporate world.
Berkshire Hathaway's $692 billion market capitalization makes it the seventh-largest publicly traded company in the world. Buffett's knack for picking high-quality stocks is what makes it worth considering whether some of his holdings could fit into your portfolio.
Visa (NYSE: V), the world's most dominant payments processing company, is the 19th largest position in Berkshire Hathaway's portfolio, with a current value of $1.8 billion. But should you make it part of your portfolio? Let's look at the fintech stock's fundamentals and valuation to answer this question.
Source Fool.com
