1 Bargain-Basement Warren Buffett Stock Down 89% to Buy Before It Starts Soaring
Few investors can hold a candle to renowned Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) CEO Warren Buffett. The so-called Oracle of Omaha has helmed the company for more than five decades, amassing a track record that's hard to rival. Since he assumed control of Berkshire Hathaway in 1965, its stock has generated gains of more than 20% annually and, in total, has soared an eye-popping 3,641,613%.
In light of the macroeconomic headwinds that have persisted over the past year, an increasing number of investors are poring over Buffett's laundry list of holdings, looking for diamonds in the rough. One stock that looks particularly intriguing right now is Paramount Global (NASDAQ: PARA). The bear market has ravaged the stock, which is currently down 89% from its high. However, the company has a number of potential catalysts that could help turn the tide.
Can Paramount Global overcome the economic storm that has punished the stock in 2022? Let's take a step back to see what a broader view reveals.
Source Fool.com
