Feb. 15 at 11:49 PM
$BBRRF
Warren Buffett's Berkshire Hathaway initiated a surprise investment in cosmetics retailer Ulta Beauty (ULTA) in Q2 2024, buying approximately 690,000 shares valued at over
$250 million. The stake, likely made by portfolio managers Todd Combs or Ted Weschler, was a bet on a market leader with a strong, hybrid retail model.
Who knew that cosmetic companies can make so much money - Ulta Beauty, Inc (ULTA) stock price currently trading at
$683 PPS - see screen shot below 😯
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