Passion is good, Profit is better
Warren Buffet’s company Berkshire Hathaway (BRK:NYSE) just invested in HP (HPQ:NYSE), the company that makes INDIGO printers and inks, plus other digital output devices. The investment strategy of Buffet is long. And so, he is putting his money on HP, a major player, perhaps THE major player in today’s print world. Good to know.
"We view Berkshire buying HPQ shares as a positive that validates HPQ's strategy/deep value," wrote Evercore ISI analyst Amit Daryanani.
No mistake about it, Buffet bought low on HPQ’s undervalued stock, and invested in the future growth. The investment is worth about $4.2 billion USD based on the latest closing price for the stock, amounting to a stake of about 11%. The printing industry should take heart that someone who views businesses as businesses rather than forums for the impassioned has put his money where the value is.
References: CNBC, Bloomberg, SEC
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