Here's Why Warren Buffett Bought HPQ Stock

Berkshire Hathaway's 11.4% HP stake is a stereotypically yawn-worthy position ... and thus a classic Buffett value bet.

Concept art of an HP logo in the background while someone looks at their phone
(Image credit: Getty Images)

Warren Buffett dipped into Berkshire Hathaway's (BRK.B, $344.71) massive cash pile for the third time in the past month, initiating a commanding position in HP (HPQ, $34.91).

And while some of the stocks Berkshire has been buying and selling recently might leave folks scratching their heads, this big new bet on a PC and printer maker looks very much like a classic Buffett value play.

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Dan Burrows
Senior Investing Writer, Kiplinger.com

Dan Burrows is Kiplinger's senior investing writer, having joined the august publication full time in 2016.

A long-time financial journalist, Dan is a veteran of SmartMoney, MarketWatch, CBS MoneyWatch, InvestorPlace and DailyFinance. He has written for The Wall Street Journal, Bloomberg, Consumer Reports, Senior Executive and Boston magazine, and his stories have appeared in the New York Daily News, the San Jose Mercury News and Investor's Business Daily, among other publications. As a senior writer at AOL's DailyFinance, Dan reported market news from the floor of the New York Stock Exchange and hosted a weekly video segment on equities.

Once upon a time – before his days as a financial reporter and assistant financial editor at legendary fashion trade paper Women's Wear Daily – Dan worked for Spy magazine, scribbled away at Time Inc. and contributed to Maxim magazine back when lad mags were a thing. He's also written for Esquire magazine's Dubious Achievements Awards.

In his current role at Kiplinger, Dan writes about equities, fixed income, currencies, commodities, funds, macroeconomics, demographics, real estate, cost of living indexes and more.

Dan holds a bachelor's degree from Oberlin College and a master's degree from Columbia University.

Disclosure: Dan does not trade stocks or other securities. Rather, he dollar-cost averages into cheap funds and index funds and holds them forever in tax-advantaged accounts.