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$8.5 Billion: Berkshire’s Greg Abel Just Made His First Big Bet, and It’s Wildly Contrarian
Key takeaways
- A structural 4 million home shortage underpins the bull case, and Berkshire s $400 billion cash reserve makes this $8.5 billion acquisition barely register on the balance sheet.
- The analyst who called NVIDIA in 2010 just named his top 10 stocks and Berkshire Hathaway wasn t one of them.
- $8.5 billion is what Berkshire Hathaway (NYSE:BRK-B) is paying for Taylor Morrison (NYSE:TMHC), a deal that lands as Greg Abel s first major acquisition since taking over from Warren Buffett.
A structural 4 million home shortage underpins the bull case, and Berkshire s $400 billion cash reserve makes this $8.5 billion acquisition barely register on the balance sheet.
The analyst who called NVIDIA in 2010 just named his top 10 stocks and Berkshire Hathaway wasn t one of them. Get them here FREE.
$8.5 billion is what Berkshire Hathaway (NYSE:BRK-B) is paying for Taylor Morrison (NYSE:TMHC), a deal that lands as Greg Abel s first major acquisition since taking over from Warren Buffett. And it lands at the precise moment when nobody, and we mean nobody, wants to own a homebuilder. The country is sitting on more than 500,000 unsold homes being held by builders, the most since the financial crisis era.
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