Berkshire Hathaway Sees Record Bankruptcies Amid Optimism
Berkshire Hathaway is well-positioned to profit from a surge in large US corporate bankruptcies. With $382 billion in cash reserves, the company can make strategic acquisitions. Warren Buffett’s firm has a low price-to-earnings ratio (22) and an attractive valuation compared to its historical average. Analysts expect a 590 price target in 12-18 months, representing an … Read more