There seems to be no lack of curiosity on whether Berkshire Hathaway's stock is overvalued or undervalued. Fortune has a write-up on both side of the argument, drawing insights from Stifel Nicolaus and Thomas Russo.
Excerpt:
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Excerpt:
Warren Buffett likes to say his ideal investment horizon is forever. And that's the timeline of many investors in his Berkshire Hathaway conglomerate. Most buy Berkshire shares, then hold and hold and hold.
So what do investors do when an analyst says Berkshire stock is poised to fall? In July, Meyer Shields of Stifel Nicolaus downgraded Berkshire shares to a "sell" rating, the first time a Wall Street analyst has recommended selling the stock since 2004. Not even the mighty Buffett can escape a lousy economy, according to Shields.
But Thomas Russo, who manages over $3 billion in assets (including Berkshire shares) as a partner at Gardner Russo & Gardner, says Buffett's roster of companies is ready to take charge when the economy bounces back.
We spoke with both analysts and got their takes.
Finish reading the complete article at money.cnn.com.
Watch a video with Buffett commenting on economy recently:
