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Berkshire Hathaway
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- 1Berkshire executives buy 2.7 million more Lennar shares▼If Berkshire's $2.1 Billion Bet Is Right, You'll Probably Wish You Bought This Unloved Housing Stock. Abel and Weschler Just Bought Another 2.7 Million Shares Of Lennar.
Berkshire Hathaway's Greg Abel and Todd Weschler have purchased an additional 2.7 million shares of homebuilder Lennar, part of a roughly $2.1 billion position in the housing stock. The buying has drawn attention because Lennar has been out of favor amid a soft housing market, and Berkshire's investment is being read as a bet that homebuilder shares are undervalued and poised to recover.