Billionaire Warren Buffett Just Bought Shares of Domino's Pizza. Time to Pile Into the Stock?

Warren Buffett's Berkshire Hathaway has created tremendous wealth for shareholders, and a key component of those returns stems from buying shares of strong businesses at attractive prices relative to their estimated worth. The company held an equity portfolio worth $271 billion in the third quarter, and one of its new buys was Domino's Pizza (NYSE: DPZ).It's a small position for Berkshire, making up less than 1% of the company's stock portfolio. Given the small stake, it was probably chosen by one of Buffett's investing deputies -- Todd Combs or Ted Weschler -- who manage a portion of Berkshire's stock investments. Either way, Combs and Weschler were handpicked by Buffett, so they possess similar investing chops to the legend himself.Domino's Pizza is an interesting pick since the fast food industry is very competitive. But over the last 15 years, the stock has delivered an astonishing return of 5,500%, which indicates a formidable competitive moat that could make the stock an excellent buy after the recent dip.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool