BUFFET'S BUYING SPREE

Warren Buffet was sitting on cash for a while eventually hitting a record high level. But in a time like this with high inflation, a good investor knows to put his money to work. In February, Buffet said he didn't see many opportunities to invest, since he has made three big moves investing billions into insurer Alleghany taking over the company, raised his position in energy company Occidental and then added a little more to his tech positions (since he already has a majority of his portfolio in apple). Buffet became the largest shareholder in HP after he took an 11% stake in the company (after Elon Musk just became the biggest shareholder in twitter). Through April 6th, 2022, Berkshire Hathaway bought 121 million shares at the value of $4.2 billion. The stock responded by skyrocketing more than 15%. Since stocks began getting corrected from outragously overvalued prices, tech stocks which saw the higher gains, are now seeing the higher loses. The Nasdaq is down over 12% for the year right now but HP is surprising up 5%. Is it that surprising that a company with the right strategy, impressively low PE which sits at 9, and even a nice healthy consistent dividend that yeilds 2.5%, is now at its all time high?! They just reported good earnings and is expecting to keep it up in the future. Keep your eyes on this cash cow!