Buffett has been a net seller of stocks by ... relatively stable earnings and growing free cash flow conversion. Verisign controls the registry rights for .com and .net domains.
Geico, and pension plans of other Berkshire Hathaway units bought nearly $30 million of shares of domain-name registry firm VeriSign. Warren Buffett's company Berkshire Hathaway (NYSE: BRK.A)(NYSE ...
With the new purchases, Berkshire also owns nearly 35% of Sirius XM and 13.6% of VeriSign. To be perfectly clear, we don't know why Warren Buffett and his team decided to make these purchases.
VeriSign has underperformed due to regulatory concerns and questions about its market and future growth. It's certainly possible that Buffett and Berkshire are starting to see buying opportunities ...
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