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.

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Source Fool.com