Does Greg Abel Know Something Wall Street Doesn't? New Berkshire Hathaway CEO Doubles Down On a Legacy Department Store Stock With a 3.3% Dividend Yield
Abel has been increasing Berkshire's position in a less-followed mid-cap stock.
Abel has been increasing Berkshire's position in a less-followed mid-cap stock.
BELLINGS Intelligence Score: 12
Why it matters
This is routine portfolio management activity by a major investor increasing a position in an existing stock; it does not represent a novel structure, regulatory change, or systemic impact relevant to credit markets.
Sources
The Motley Fool
Does Greg Abel Know Something Wall Street Doesn't? New Berkshire Hathaway CEO Doubles Down On a Legacy Department Store Stock With a 3.3% Dividend Yield
Abel has been increasing Berkshire's position in a less-followed mid-cap stock.
Yahoo Finance
Does Greg Abel Know Something Wall Street Doesn't? New Berkshire Hathaway CEO Doubles Down On a Legacy Department Store Stock With a 3.3% Dividend Yield
Nasdaq
Does Greg Abel Know Something Wall Street Doesn't? New Berkshire Hathaway CEO Doubles Down On a Legacy Department Store Stock With a 3.3% Dividend Yield
Key PointsIn his first six months as CEO of Berkshire Hathaway, Greg Abel has made some notable purchases in Berkshire's massive equity portfolio.