1 Retail Stock Warren Buffett Would Love for 2022
Many retail stocks performed well in 2021, as strong consumer demand and pandemic fatigue powered big increases in retail spending. Kohl's (NYSE: KSS) was no exception. Shares of the department store giant rose about 21% last year -- and at one point, Kohl's stock was up 60% for the year.
Nevertheless, activist investors are demanding radical changes to boost the stock price, such as spinning off the e-commerce business or selling the company outright. Moreover, some of management's critics are threatening to mount a challenge to the board.
Investing legend Warren Buffett would view these criticisms and suggestions as short-sighted. Instead, he would likely urge the company to keep doing what it has been doing already. Indeed, while Kohl's may be too small to be of interest as an investment for Berkshire Hathaway, it looks like just the kind of stock Buffett loves to own.
Source Fool.com