Warning: 7 Stocks Warren Buffett Just Dumped

#warrenbuffet #investing #stockmarket

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Warren Buffet and his investing team put 7 of Berkshire Hathaway's holdings on the chopping block during the December-ended quarter filing which was released on February 14 2024, he sold his entire position in 4 companies and the other three he trimmed down. Let's see what Warren Buffet is offloading and the reasons we believe he is doing so. The first sizable holding that found itself on the chopping block during the December-ended quarter is media company Paramount Global. Buffett's company cut down nearly a third of its position, which had stood at north of 93 million shares. The catalyst for dumping more than 30 million shares looks to be Paramount's undesirable balance sheet. More specifically, the company is lugging around $14.6 billion in long-term debt, compared to just $2.46 billion in cash and cash equivalents, as of the end of 2023. With cord-cutting ongoing and Paramount's streaming segment still losing money, investors have begun to lose patience & buffet too needless to say. Another high-profile name that took a big haircut in Berkshire Hathaway's investment portfolio during the fourth quarter is personal computing and printing services provider HP, a household computer company. Buffett and his team dumped close to 78% of Berkshire's stake, compared to what was held on Sept. 30, 2023. The force behind this selling activity may have to do with the sluggishness of PC sales. Though PC sales surged during the initial stages of the COVID-19 pandemic, they've meaningfully retracted with most employees returning to the office. With no sales growth forecast for the current year of 2024, HP's 3.6% dividend yield simply isn't enough of a return to keep Buffett and his team interested it seems. HP also looks like a perfect example of a "fair company at a wonderful price" that Buffett would prefer to avoid. Although HP stock can be purchased for a mere 10 times forward year earnings, the company's growth days are long gone it seems. The company Now looks reliant on relatively low-margin products and printing services, so HP lacks the needle-moving results Berkshire's brightest minds desire….. Watch the video for the rest!

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Chapters:
0:00 - Introduction
0:25 - Paramount Stock
0:56 - HP Stock
2:00 - Apple Stock
2:44 - Markel Group Stock
3:37 - StoneCo Stock
4:30 - Globe Life Stock
5:16 - D.R Horton Stock

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Contact: bizinquirysmgmt@gmail.com

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References/Credits/Authors:
-https://13f.info/manager/0001067983-berkshire-hathaway-inc
-https://seekingalpha.com/
-https://www.fool.com/investing/2024/03/15/here-are-all-7-stocks-warren-buffett-is-selling/
-https://www.nerdwallet.com/article/investing/average-stock-market-return

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