(Bloomberg) -- Hovnanian Enterprises Inc. shares
jumped the most since December 2004, leading homebuilders higher,
on speculation Warren Buffett's Berkshire Hathaway Inc. may buy a
stake in the company.
``There's talk that Warren Buffett wanted to buy a stake,''
said Justin Wiggs, a trader at Stifel Nicolaus & Co. in
Baltimore. ``People are extrapolating that Warren Buffett could
be trying to call the bottom of the homebuilder stocks.''
Read more at Bloomberg Stocks News
jumped the most since December 2004, leading homebuilders higher,
on speculation Warren Buffett's Berkshire Hathaway Inc. may buy a
stake in the company.
``There's talk that Warren Buffett wanted to buy a stake,''
said Justin Wiggs, a trader at Stifel Nicolaus & Co. in
Baltimore. ``People are extrapolating that Warren Buffett could
be trying to call the bottom of the homebuilder stocks.''
Read more at Bloomberg Stocks News
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