Taiwan Semiconductor: Don't Sell Along With Buffett
- TSMC dipped on news Berkshire Hathaway dumped shares of the chip company.
- The investment firm run by Warren Buffett has a recent history of selling at the lows prior to large rallies.
- The stock is a buy based on a cheap valuation at 12x '24 EPS targets, especially after the Buffett-induced dip.
- This idea was discussed in more depth with members of my private investing community, Out Fox The Street. Learn More »
In a strange move, Berkshire Hathaway (BRK.A, BRK.B) slashed shares of Taiwan Semiconductor Manufacturing Company (NYSE:TSM) months after initiating a new position. The massive insurance and investment firm ran by Warren Buffett has made several odd sells in the last few years by unloading stocks closer to the lows. My investment thesis is Bullish on the advanced chip manufacturing company trading at a cheap valuation due to irrational fears.
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