Why billionaire Warren Buffett took a stake in HP

LBM Daily News

In many respects, HP (HPQ) has earned the stamp of approval from billionaire investor Warren Buffett.Buffett’s Berkshire Hathaway revealed it owned 121 million shares of HP in a new filing Wednesday evening. The investment — valued at $4.2 billion — gives Berkshire Hathaway a roughly 11.4% stake in HP.Shares surged 11% in pre-market trading.”Berkshire Hathaway…

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