This Warren Buffett Stock Is Down 40% This Year. Should You Buy Shares?
It can pay to follow what the top investors in the world are doing with their money. While you shouldn't blindly follow others into investing ideas, searching the public filings of seasoned capital allocators can be helpful in sourcing new ideas for your portfolio. And the investor that people pay most attention to is Warren Buffett, CEO and chairman of mega-cap stock Berkshire Hathaway.
So it was interesting when in 2019 the company bought up a sizable position in RH (NYSE: RH) at around $200 a share. The purchase was a major success with RH's stock soaring up to over $700 a share in 2021.
However, in 2022 RH's stock has taken a tumble and is now down 39% year-to-date, potentially providing an opportunity for investors to buy a stake in a Berkshire Hathaway favorite on the cheap. Is it time to buy shares of RH stock? Let's take a look.
Source Fool.com