Mon, December 30, 2024
Sun, December 29, 2024
[ Sun, Dec 29th 2024 ]: Forbes
5 Top Index Funds To Buy For 2025
Sat, December 28, 2024
Fri, December 27, 2024
Thu, December 26, 2024

Warren Buffett is buying up stock in this high-margin internet registry company

  Copy link into your clipboard //stocks-investing.news-articles.net/content/202 .. -this-high-margin-internet-registry-company.html
  Print publication without navigation Published in Stocks and Investing on by MarketWatch
          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
Warren Buffett's Berkshire Hathaway Inc. has been busy over the past week buying stock in an internet domain-name registry company, to extend its stature as the company's largest shareholder.
Warren Buffett's Berkshire Hathaway has significantly increased its stake in Verisign Inc., a company that manages the .com and .net domain name registries, by purchasing an additional 1.7 million shares, bringing its total ownership to about 12.8% of the company. This move reflects Buffett's strategy of investing in businesses with strong, predictable cash flows and a dominant market position, as Verisign holds a near-monopoly in its niche. Verisign's stock has seen a 20% increase in value over the past year, and its shares rose 1.5% in premarket trading following the news of Berkshire's increased investment. The company's business model is straightforward, focusing on domain registration and renewals, which provides a stable revenue stream. Despite its high valuation, with a price-to-earnings ratio of 35, Buffett's continued investment suggests confidence in Verisign's future growth and profitability.

Read the Full MarketWatch Article at:
[ https://www.marketwatch.com/story/warren-buffett-is-buying-up-stock-in-this-old-school-internet-registry-company-a2debda2 ]