Buffett Sells Some of Berkshire's Stake in HP as PC Maker Faces Growth Headwinds

Warren Buffett and Berkshire Hathaway bought a large stake in HP in 2022, but are now selling some of that position as the stock has struggled.
HP's core PC and printing businesses face long-term declines in demand. The PC market has crashed in 2022.
Weak end markets make it hard for HP to grow revenue and profits over the long run. Cost-cutting can only go so far.
HP stock looks cheap based on cash flows, but lack of growth makes the stock less appealing.
Berkshire may continue selling HP shares as Buffett unwinds what has been a struggling investment.

fool.com

Relevant topic timeline:

8/29/2023

Kevin O’Leary Says Warren Buffett Selling $8 Billion Worth of Stock Is Almost Meaningless and Won’t Crash the Stock Market

Warren Buffett's recent sale of $8 billion worth of stock is seen by some as a precautionary move against an upcoming recession, while others believe it is simply a diversification strategy and that the market is not concerned; however, Kevin O'Leary predicts chaos for the U.S. economy due to potential interest rate hikes.

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HP’s stock tumbles after mixed results, cautious outlook

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Warren Buffett once said ‘a house can be a nightmare if the buyer’s eyes are bigger than his wallet’ but thinks his $31,500 investment is one of his best

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Warren Buffett's cash mountain is bigger than Disney after its epic stock plunge

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9/12/2023

Warren Buffett's Berkshire Hathaway Hits $800 Billion Value as Apple Stake Powers Record Highs

Warren Buffett's Berkshire Hathaway saw its stocks reach all-time highs, increasing the investment conglomerate's market value to almost $800 billion and marking a gain of over 4,300,000% in Berkshire's original Class A shares since Buffett became CEO in 1965.

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Posted 9/14/2023, 12:48:13 PM

Buffett Sells Some of Berkshire's Stake in HP as PC Maker Faces Growth Headwinds

Warren Buffett and Berkshire Hathaway bought a large stake in HP in 2022, but are now selling some of that position as the stock has struggled.
HP's core PC and printing businesses face long-term declines in demand. The PC market has crashed in 2022.
Weak end markets make it hard for HP to grow revenue and profits over the long run. Cost-cutting can only go so far.
HP stock looks cheap based on cash flows, but lack of growth makes the stock less appealing.
Berkshire may continue selling HP shares as Buffett unwinds what has been a struggling investment.

fool.com

Relevant topic timeline:

8/29/2023

Kevin O’Leary Says Warren Buffett Selling $8 Billion Worth of Stock Is Almost Meaningless and Won’t Crash the Stock Market

8/29/2023

HP’s stock tumbles after mixed results, cautious outlook

8/30/2023

Warren Buffett once said ‘a house can be a nightmare if the buyer’s eyes are bigger than his wallet’ but thinks his $31,500 investment is one of his best

9/7/2023

Warren Buffett's cash mountain is bigger than Disney after its epic stock plunge

Warren Buffett's cash pile, valued at $147 billion, is now worth more than Disney's entire market value, reflecting Buffett's financial prudence and Disney's declining stock price.

9/12/2023

Warren Buffett's Berkshire Hathaway Hits $800 Billion Value as Apple Stake Powers Record Highs