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3 Reasons Warren Buffett Might Buy UnitedHealth Group Stock
The stock of UnitedHealth Group (NYSE: UNH) is trading around its five-year lows. It plummeted after posting poor earnings numbers earlier this year amid rising costs. It has also withdrawn its guidance, changed its CEO, and the Department of Justice is reportedly looking into its billing practices.There has been a flurry of negative news around the business in recent months, which has made investors bearish on this once seemingly safe health insurance company.Warren Buffett, CEO of Berkshire Hathaway, likes to invest in stocks when they are struggling. As long as their financials are in good shape and the future of the business is still encouraging, an underperforming stock can be a good addition to Berkshire's portfolio.Continue reading
The stock of UnitedHealth Group (NYSE: UNH) is trading around its five-year lows. It plummeted after posting poor earnings numbers earlier this year amid rising costs. It has also withdrawn its guidance, changed its CEO, and the Department of Justice is reportedly looking into its billing practices.
There has been a flurry of negative news around the business in recent months, which has made investors bearish on this once seemingly safe health insurance company.
Warren Buffett, CEO of Berkshire Hathaway, likes to invest in stocks when they are struggling. As long as their financials are in good shape and the future of the business is still encouraging, an underperforming stock can be a good addition to Berkshire's portfolio.
