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033. Buffett buys 8.35% of the current capitalization worth of IBM
Warren Buffett has bought 81 million shares of IBM, representing 8.35% of the market capitalization of the firm.
That should not be a surprise. IBM shares can be purchased for $128.11 while they represent a current fair value of $288.66, with a potential of large appreciation.
Ownership of IBM is consistent with Warren Buffett's policy of buying undervalued assets of well established firms.
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