This Beaten-Down Warren Buffett Stock Is One to Hold Forever

Warren Buffett's Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) may have been redeemed over the course of the past few weeks, its stock rising when other stocks were falling, and it re-took its long-term performance lead over the S&P 500. Not every Berkshire holding participated in the rally, though. U.S. Bancorp (NYSE: USB) share prices are still down 10% from January's highs despite a solid rebound from last month's lows.

Don't read too much into this near-term weakness, though. It may be unimpressive right now, but U.S. Bancorp -- you know it better as U.S. Bank -- is still a holding worth hanging on to.

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Source Fool.com