Buffett's Berkshire Hathaway studied this stock for three years before buying in

Pre-Market Trade Buzz: McDonald's Corporation (NYSE:MCD), Oclaro, Inc. (NASDAQ:OCLR)

Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company's stock. Shares of Berkshire Hathaway have underperformed the Zacks categorized Property and Casualty industry quarter to date. Berkshire "saw an opportunity to invest at an attractive price, and they believe in us".

Store Capital owns 1,750 properties, with high concentrations in restaurants, movie theaters, and furniture stores, just to name a few.

Early trading in Store shares on the New York Stock Exchange pushed the price up 9.8 percent to $22.21 per share.

Berkshire, which held $96.5 billion in cash as of March 31, is actively seeking new investments for its growing war chest.

He said Buffett responded within three hours, and put him in touch with a deputy, Ted Weschler. It is not clear who at the company is directly responsible for the Store Capital investment.

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Buffett's Berkshire Hathaway studied this stock for three years before buying in

Berkshire didn't request a seat on Store Capital's board, Mr. Volk said. "Berkshire Hathaway's investment solidly positions Store for continued growth, while adding measurably to our already strong financial position".

Store's portfolio includes more than 1,750 properties in 48 US states, including such customers as AMC Entertainment and the second-largest Applebee's restaurant franchisee.

A single-payer healthcare program is "probably the best system" for America, investment tycoon Warren Buffett said Monday during an interview with PBS NewsHour.

"This deal signals that value investors may be taking a closer look in order to start separating the wheat from the chaff" in the retail real-estate sector, said KeyBanc Capital Markets analysts in a note. The investment makes it Store's third-largest investor, after Vanguard Group and Fidelity.




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