What was Warren Buffett buying in Q3? Rocco Huang thinks it was a delivery company. As in...

|By:, SA News Editor

What was Warren Buffett buying in Q3? Rocco Huang thinks it was a delivery company. As in Buffett's 2009 Burlington buy, UPS or FedEx (FDX) would be another leveraged contrarian bet on the global economy. "Similar to railroads, package delivery businesses have high operating leverage due to high fixed costs... Any up- or downturn of the economy can translate into large swings in profitability and valuation."