AVGO - Is Broadcom Stock A Buy As It Reaches All-Time Highs?
- Broadcom flies under the radar, but has seen earning rapid growth and has the best dividend in the technology sector.
- Broadcom is a modern-day illustration of Warren Buffett's classic lesson on economic goodwill and return on equity.
- There's really no secret to Broadcom's success - they've issued debt and equity and earned a spectacular return on investment with the funds.
- Broadcom's past return on equity clocks in at 26%, much higher than the tech sector at large.
- AVGO's reasonable valuation, strong financial results, and growing dividend make it a good long-term stock to buy. Conservative investors might consider waiting for a pullback.
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Is Broadcom Stock A Buy As It Reaches All-Time Highs?