Reported 3 days ago
Billionaire investor Warren Buffett, through Berkshire Hathaway, has sold off its entire stake in Floor & Decor after a decline in profits and sales, marking a significant shift in strategy. In its place, Berkshire has made a new investment in Domino's Pizza, purchasing over 1.27 million shares valued at around $549 million. This move reflects Buffett's cautious approach amid current economic challenges and positions Berkshire in a growing and resilient sector.
Source: YAHOO