Warren Buffett Just Bought This Housing Stock -- Is It Right for You?
When you have the successful track record that Warren Buffett does, keeping tabs on what his Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) is buying and selling can be a successful investing strategy.
Although we don't always have the ability to replicate his trades, the broad strokes that he paints his portfolio with can still be instructive. That's why Buffett buying 5.8 million shares of building materials manufacturer Louisiana-Pacific (NYSE: LPX) worth nearly $297 million is an interesting choice. It's a new position for the Oracle of Omaha, but considering that all the fortune tellers are saying the housing market is about to crash, what does Buffett know that they don't?
Beyond the obvious answer of "probably a lot," let's take a closer look at what, to the casual observer, might seem a contrarian stock pick.
Source Fool.com
