1 Magnificent Reason Airbnb Stock Is a Screaming Buy
Although Airbnb's (NASDAQ: ABNB) latest financial results delivered a nights and experiences booked figure that fell short of Wall Street expectations, revenue and earnings outperformed. The mixed results still saw investors sell off the stock following the second-quarter release, and it's down 17% in the month of August (as of Aug. 25).
But besides the buying opportunity presented by this recent dip, there's another magnificent reason Airbnb looks like a screaming buy right now.
Warren Buffett, who many consider the greatest investor ever, looks for businesses with an economic moat protecting them from the threat of competition. By having a moat, companies are better positioned to succeed over the long term and put up strong financial results, in turn delivering superior investment returns too.
Source Fool.com
