This Warren Buffett Stock Is Starting to Look Cheap
If there's one thing you can say about many longtime Warren Buffett stocks in Berkshire Hathaway's large equities portfolio, it's that many of them are built to last. They have resilient balance sheets that can stomach a recession and then take advantage of periods of growth, as well.
After all, Buffett often says his goal is to buy stocks and never sell them. Here's one Buffett stock that's rock solid right now and starting to look cheap.
Buffett and Berkshire first bought stock in the $591 billion asset regional-bank U.S. Bancorp (NYSE: USB) in 2007. Now it's the 10th largest position in Berkshire's nearly $337 billion stock portfolio. As Buffett was selling lots of his bank holdings early in the pandemic, he only trimmed a little off of U.S. Bancorp, which appears to be his large regional bank of choice.
Source Fool.com
