Early Headwinds for Berkshire’s New CEO Greg Abel continue

A False Start for Berkshire’s Greg Abel?

Berkshire's Greg Abel has had a bumpy start as the new CEO. So it seems. First, he apparently had to acknowledge that KraftHeinz is no longer viable. According to reports from $KHC, a sale of Berkshire's shares is imminent. I reported on this last week.

No sooner had that been digested than headwinds arose from an investment made last year: United Health presented disappointing figures yesterday, causing its share price to plummet by double digits. A 20% drop in a single day is not something you see every day on Wall Street.

Berkshire's share price itself has lost almost 5% since Greg Abel took over four weeks ago and has been weak since the announcement of Warren Buffett's departure as CEO.

Can we already talk about an Abel false start?

Well, it's not all bad news from Omaha. The investment in Alphabet, which was only announced at the end of last year, is performing well. Since then, $GOOGL has risen by more than +30%. And that's also a larger position with around $4 billion invested. The ~$1.7 billion invested in $UNH is rather small, especially when you consider that Abel is sitting on a Cash pile of $380 billion. He is just waiting for lucrative opportunities. Perhaps these will arise in the coming months.

For me, the company remains a promising investment and my stock savings plan is still running. What do you think about this topic?