No. of Recommendations: 3
"The big money is not in the buying or selling, but in the waiting." Charlie Munger
Been a while since we discussed SNOW here. BRK owns about $1 billion worth of it purchased in 2020 for $735 million, so up about 40%. I assume it is a T&T holding. Once a high-flyer, the stock price is down about 13% for the past year. Sales are slowing and there is some new competition. On the plus side, it is still the market leader in cross-cloud integration. Very strong balance sheet and cash, very strong potential upside as AI becomes integrated into cloud environments.
Some said SNOW might grow forever and one day rival AAPL as a core BRK holding. This article argues BRK should sell.
gurufocus.com - Snowflake why berkshire should take the profits and run.
I bought a little on the side when it oversold and am trying to decide whether or not to keep it. Anyone have an opinion?
abromber
