HP Inc. shares rallied Thursday after Warren Buffett’s Berkshire Hathaway Inc. revealed a new 121-million-share stake in HP worth about $4.2 billion.
In a new filing, Berkshire said it now holds roughly an 11 percent ownership stake in HP, a major vote of confidence from one of the most famous and successful investors of all time.
Bull & Bear Case
On Thursday, Bank of America analyst Wamsi Mohan said Buffett is likely focused on HP’s attractive valuation, free cash flow profile and strong capital return program. Yet Mohan said there are plenty of points to the HP bear case as well.
