✉news BusinessReal Estate first seen 4 h ago, last 47 min ago, peak #11
Berkshire executives buy 2.7 million more Lennar shares
Original: If Berkshire's $2.1 Billion Bet Is Right, You'll Probably Wish You Bought This Unloved Housing Stock. Abel and Weschler Just Bought Another 2.7 Million Shares Of Lennar.
Berkshire Hathaway's Greg Abel and Todd Weschler have purchased an additional 2.7 million shares of homebuilder Lennar, part of a roughly $2.1 billion position in the housing stock. The buying has drawn attention because Lennar has been out of favor amid a soft housing market, and Berkshire's investment is being read as a bet that homebuilder shares are undervalued and poised to recover.
Why now: Berkshire's top investment managers keep adding to an unloved homebuilder, prompting speculation about a housing turnaround.
Berkshire HathawayLennarGreg AbelTodd Weschler
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