Berkshire Hathaway (NYSE:BRK-B)

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And prior to today's surge, the stock had fallen 25% over the past year, including a drop of more than 13% since reporting disappointing first-quarter earnings in May.

Stock market analysts and brokers have recently amended their target prices on shares of Berkshire Hathaway (NYSE:BRK-B). Berkshire "saw an opportunity to invest at an attractive price, and they believe in us". The stock jumped to $23.30 at 7:59 a.m.in NY.

Store Capital, which focuses on single-tenant properties like restaurants, veterinary offices and fitness centers, revealed that Berkshire paid $377 million for a 9.8 percent stake in the company, the Wall Street Journal reported.

Shares of Store rose more than $2, or 10 per cent, to $22.86 in early trading.

Berkshire is broadly on the hunt for ways to invest its growing cash pile.




"We will be the economic leader", Buffett said in the interview. Mr. Buffett put Mr. Volk in touch with Ted Weschler, one of Berkshire's two portfolio managers, and Mr. Weschler continued to follow Store Capital's financial results.

STORE Capital Corp. (NYSE: STOR) is not exactly a household name. The transaction closed Friday. Evercore ISI reiterated an "underweight" rating on shares of Berkshire Hathaway in a research report on Monday, February 27th.

"The stock market has been going up basically since March of 2009", Buffett said. Representatives for Camping World didn't immediately respond to a request for comment.

Admitting that he's not an expert in health-care, political heavyweight and investment tycoon Warren Buffett is recommending America scrap its health-care system in favor of a British-style single-payer, state-run plan. That makes Berkshire its third-largest investor.

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