Passive Income in a Bear Market? 1 Stock Warren Buffett Bought
Specialty materials manufacturer Celanese (NYSE: CE) has the attention of Warren Buffett's Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B), which bought shares of the stock beginning in early 2022. It hasn't been a great investment so far for Buffett and Berkshire as the stock is down more than 35% over the last year.
Trading on slightly more than 8 times estimated forward earnings and sporting a 2.7% dividend yield, Celanese is, conventionally speaking, a cheap stock. Yet the market appears to have some worry about the stock. Here's what you need to know about this company if you are considering buying stock in it.
Given the extremely low valuation, it makes sense to look at the three main concerns with the stock right now.
Source Fool.com
