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1 Warren Buffett Stock Down 91% to Buy Before the Next Bull Rally

TheMotleyFool

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1 Warren Buffett Stock Down 91% to Buy Before the Next Bull Rally: https://g.foolcdn.com/editorial/images/724848/tmf-warren-buffett-4-tmf-may-2014.jpg

Warren Buffet's stock picks get lots of attention, but they can't all be zingers. Berkshire Hathaway made a large investment in Brazillian e-commerce pioneer, StoneCo (NASDAQ: STNE), when it made its stock market debut in 2018. It bolted out of the gate, but the good times didn't last.

StoneCo stock peaked during the lockdown phase of the pandemic and has fallen around 91% from the high water mark it set in 2021.

Despite the disappointing drop from its peak, StoneCo looks like an unbeatable bargain at its depressed price. Here's why.

Source Fool.com

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