Wednesday, April 15, 2015

Should You Follow Warren Buffett's Berkshire Hathaway and Buy Precision Castparts Corp Stock?

According to SEC filings, Warren Buffett's Berkshire Hathaway increased its stake in Precision Castparts Corp. (NYSE:PCP) in the fourth quarter of 2014. In October, Precision Castparts reported second-quarter earnings that came in below estimates, followed by a January pre-announcement that earnings would be below expectations in its third quarter as well. Consequently, the stock is down 13% year to date.



But Buffett's Berkshire Hathaway is known to ignore market sentiment in favor of investing where its management sees value, so let's take a closer look at the growth prospects for Precision Castparts Corp.


READ THE FULL EQUITY RESEARCH ARTICLE LINKED