Buffett May Increase Position in Posco

Buffett May Increase Position in Posco

According to a Bloomberg article, Warren Buffett may be interested in increasing Berkshire Hathaway’s stake in Posco, a South Korean steelmaker. Posco cited Mr. Buffett as saying that he “should have bought more Posco shares when the stock price dropped during the economic crisis.” According to Bloomberg, Mr. Buffett met with Posco CEO Chung Joon Yang in Omaha yesterday. Mr. Buffett has not commented on the meeting. Read the article for more details.

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