A Bull Market Is Coming: 1 Bargain-Basement Warren Buffett Stock Down 54% to Buy Before It Starts Soaring
If there was an investing hall of fame, one of the first inductees would no doubt be Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) CEO Warren Buffett. In his more than five decades at the helm of the company, the so-called "Oracle of Omaha" has amassed a track record that's unmatched. During his 58-year reign, Berkshire Hathaway stock has risen nearly 20% annually, and in total has surged an eye-popping 3,787,464%.
During uncertain markets and periods of economic instability, investors are looking for any edge they can find to improve their returns. Many turn to Berkshire's extensive list of holdings as a source of inspiration. One stock that seems particularly compelling right now is Ally Financial (NYSE: ALLY). The ongoing downturn and the recent turmoil in the banking sector have punished the share price, which currently stands 54% below its peak.
Can Ally Financial rebound from the headwinds that have buffeted the stock? Let's take a step back to look at the bigger picture.
Source Fool.com
