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ALERT

Industrial Giant Impresses with 19% Gain

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Calling a sector a “death trap” is as low of a rating you can give an industry. But that’s just what America’s favorite value investor previously said about the airlines industry.

It seems that Warren Buffett has had a change of heart toward airline stocks. He’s recently gone hog wild into the sector, even going so far as to dump shares of long-time Berkshire Hathaway holdings such as Walmart (WMT ) to buy them.

So what gives? Has the Oracle of Omaha lost his mind? Or is Buffett just as shrewd as ever?

Given the airlines’ recent resurgence and newfound focus on profitability, Buffett could be spot-on in his assessment of the industry’s stocks. Dividend.com investors should take note.

Buffett Flies the Friendly Skies

Buffett’s history with airline stocks is a pretty sordid affair. His first – and really only – bet on the sector was a famed $350 million investment on US Airways’ preferred stock back in the late 1980s.

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