TAKE MORE PARTIAL PROFITS ON BUFFETT’S NEW TECHNOLOGY STOCK POSITION — IT’S NOT APPLE
Historically Buffett has not done well in technology stocks with the exception of Apple (AAPL). However, when he started buying Apple stock, it was a value stock. Buffett’s company Berkshire Hathaway (BRK-B) recently took a major position in Snowflake (SNOW). Snowflake is a data warehousing software company. By some measures, it is the most expensive company in the stock market.
SNOW trades at Price/Sale of 141. You read it correctly — it is price over sales not price over earnings.
Snowflake is one of the favorite stocks of the momo crowd. Profits have previously been taken on 35% of full core position size. … Please click here or the title below to read more.
October 26, 2020