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JM
Jonas Müller
@jonasm · Aug 16

Berkshire Hathaway bought 5 million shares of UnitedHealth Group, which pushed the stock price about 12% higher in aftermarket trading. I think the previous drop was exaggerated and the shares are cheap now, so I’m not surprised it caught Buffett’s attention.

What do you think about this news? Do you have $UNH in your portfolio?

A community member's personal view, not investment advice. Community Guidelines

H

It's a good catalyst for growth and the shares have probably already bounced off the bottom.

WO

At least it’s a nice emotional boost. It didn’t change anything about the fundamentals, but it’s nice to see interest from the superinvestors.

JM

That's true, but at least Buffett showed it's truly a quality company.

FH

It surprised me quite a bit, but it’s still not that interesting to me and I’d rather invest in technology.

JM

I understand, I see it as diversification.

CT

It's great news for the company. I have $OSCR in my portfolio and it also rose nicely today.

JM

Yeah, I was looking at that too and it caught my attention.

FT

Definitely great news. It's good that the big players believe in it, and it could be an important catalyst for the stock to consolidate around 300 and for future growth. Yesterday you wrote that you were planning to add to your position. Did you manage to do it before the aftermarket rise?

JM

Unfortunately, no. I’m on vacation right now, so I’m not stressing about it that much 😂

CM

I'm feeling sad because I didn't own the shares 😢

H

The shares are still cheap and will rise further. I don't think it's a bad idea to buy now.

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