Sunday, February 01, 2015

Two New Stocks Warren Buffett Likes

Although the net worth of Warren Buffett keeps bouncing around, he still remains one of the top three richest people in the world. And the interesting thing is, he made his wealth through investing. With an outstanding record like that, many investors like to follow in Warren Buffett's footsteps, buying what he is buying.

Buffett uses his publicly traded company Berkshire Hathaway (BRK-A) (BRK-B) as his invent holding company. Although the company's report on its latest holdings as of year end should be out in a couple weeks, investors can still look at what Buffet purchased in the third quarter of last year.

Buffett made two new purchases. The first one is Liberty Media (LMCK), the Colorado based television, radio, and entertainment company. The stock trades at 18 times trailing earnings, and reported a 6.7% rise in revenues but a 56.6% drop in earnings for the third quarter. The stock, which trades around 32 per share, is selling for significantly less than book value of 40.88.

The other Buffett purchase was ExpressScripts(ESRX), a provider of pharmacy benefit management services, trades at 32 times trailing earnings and 15 times forward earnings. The latest reported quarterly earnings were up 36.5% on flat revenues. The company reports year end earnings on February 23.

To see a list of Warren Buffett stocks, check out the free list at By the way, if you want to know if Buffett dumped any stocks, the answer is yes. He unloaded all his Deere & Co. (DE) stock.

Disclosure: Author didn't own any of the above at the time the article was written.


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