Precision Castparts Stock

In August, Warren Buffett’s company, Berkshire Hathaway Inc. (NYSE:BRK-A), agreed to buy Precision Castparts Corp. (NYSE:PCP) for a total cash value of $32.0 billion. There are still plenty of analysts out there furiously questioning why Warren Buffett wasted a ton of cash on PCP stock. Despite how often…

Berkshire Hathaway Inc. (NYSE:BRK.A), billionaire Warren Buffett’s mega-conglomerate, announced its purchase of Precision Castparts Corp. (NYSE:PCP) on Monday for a reported $235.00 per share, or $37.2 billion. (Source: Buffett pays high price for Precision Castparts, last accessed August 10, 2015.) Berkshire already holds a three percent stake in…