Buffett Isn't as Bullish on Kroger as Previously Reported
Ten days ago, the news broke: Warren Buffett, famed value investor and CEO of consumer brands mega-conglomerate Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B), had bought a $549 million stake in supermarket chain Kroger (NYSE: KR). The vote of confidence from the so-called Oracle of Omaha immediately lifted Kroger stock, which closed last week's trading up 7.4% from where it was when the news was first announced.
There's just one problem with that: Warren Buffett didn't actually decide to buy Kroger -- at least not personally.
Image source: The Motley Fool.
Source Fool.com
