Chewy (NYSE: CHWY) shares have taken a beating over the last year. Perhaps the biggest problem for investors is that Chewy reported a loss of $74 million in fiscal 2021 (which ended in January). One opportunity that could lift both the top and bottom line at Chewy is the launch of sponsored ads, which management plans to introduce in 2023. Read More...
Reuters
Buffett reveals big investments, rails against Wall St excess at Berkshire meeting
OMAHA, Neb. (Reuters) -Warren Buffett on Saturday used the annual meeting of Berkshire Hathaway Inc to reveal major new investments including a bigger stake in Activision Blizzard Inc, while also railing against Wall Street excess and addressing the risks to his conglomerate of inflation and nuclear war. The meeting in downtown Omaha, Nebraska was Berkshire’s first welcoming shareholders since 2019, before COVID-19 derailed America’s largest corporate gathering for two years. It allowed shareholders to ask five hours of questions directly to Buffett and Vice Chairman Charlie Munger, and some questions to Vice Chairmen Greg Abel, who would become chief executive if Buffett could not serve, and Ajit Jain.
