Berkshire Hathaway Q2 2024 13F Adds New Positions In Ulta Beauty With 690,106 Shares. Benzinga's Premarket Prep team see if it's worth chasing up at these levels.
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00:00Well, let's talk about an investor that bought a stake who's definitely not an activist investor,
00:06probably not going to come in and try to make any big changes, but Warren got into Ulta
00:11Beauty.
00:12So Dennis, we were just talking about Ulta versus Elf the other day, and I was like,
00:15I want to buy the dip on Elf.
00:16And you were like, why not Ulta?
00:18Ulta's the leader.
00:21Elf is the dog.
00:22If you want to buy one of them, buy the best of breed.
00:24And maybe Warren was listening because he was like, yeah, you know what?
00:27Aaron is right.
00:28He listens to the show.
00:29Warren was like, AB is right, that kid makes some good points.
00:31And he's like, Dennis is also right that if I'm going to buy the dip on the space, I got
00:35to go with Ulta and not Elf.
00:37And that's exactly what Warren did.
00:39He bought a big stake in Ulta Beauty.
00:42Let's see.
00:43I had the numbers up exactly.
00:45It's a big, it's a, it's a big, it's an initial stake for him.
00:48They're all big when you're Warren Buffett, but it's basically a small position for him,
00:52but big for anyone else in the world.
00:54He'll find that number.
00:55I mean, when you've got stock that's completely in the gutter like Ulta and it gets Warren
01:01Buffett giving it the vote of confidence, there is absolutely no doubt it's going to
01:05get a significant pop.
01:07So information arbitrage, which is what I try to do to a certain extent, not HFT is
01:12monopolized, you know, the initial print, but then afterwards you can say there's going
01:16to be follow through here.
01:17One, at this point in time, they hadn't even mentioned it on CNBC yet.
01:21So you know, it's going to get the CNBC pop.
01:23CNBC is five minutes after everybody else.
01:26So, and you know, it's going to get the CNBC pop after, so they hadn't even mentioned that
01:30yet.
01:31So that's obviously mentioned.
01:32Everybody in the whole world knows it now.
01:34So I mean, now there's, you know, no like, Oh yeah, well, so nobody else realizes.
01:39No, everybody knows it.
01:40A minute after the print, 99% of the population doesn't realize it, you know, like yet.
01:46So unless you're actively trading.
01:47So I mean, it's all about information, you know, it's out there, but not everybody knows
01:53yet.
01:54Like it's out public, but it's not.
01:55So there's a window there sometime to try to get in and get ahead of the masses.
02:01Even though the HFT is already in, because it's obviously been disclosed in the 13 app.
02:06There's still that window where the masses don't know yet.
02:09And when the mass is coming in, the retail masses and everything else is going to get
02:11another pop, obviously went over 380.
02:13It's come all the way back down here now.
02:15So yeah, that ship has sailed.
02:17This opportunity is gone.
02:18380, 320.
02:19I don't think you see that today.
02:20Money.
02:21I don't think you see that today.