Reported about 21 hours ago
Warren Buffett's Berkshire Hathaway recently purchased shares of Pool Corp., indicating a potential validation of Home Depot's strategy in the home improvement sector. Home Depot has expanded its presence in building materials through the $18.25 billion acquisition of SRS Distribution, which is expected to enhance its market reach. Despite some challenges in the housing market and a slight decline in comparable store sales, Home Depot's proactive steps and growing demand for homes position it favorably for future gains, aligning with Buffett's investment philosophy.
Source: YAHOO