Buffett takes stake in Mastercard
So, no Kraft and this after missing out on Anheuser Busch to InBev. I was just thinking that maybe he might be interested in a smaller Kraft so too speak, but a company with great brands like Campbell Soup. Great company and a market cap that he could more than digest. Share price had been underperforming until just lately as investors worry about Campbells ability to pass on higher input costs to consumers and possible competition from store brands. Of course management of CPB have been exercising options and selling the shares in the stock. Thus, they think it must be over valued and would be hard pressed to argue any buyout was too cheap. Management always seems to buy and sell at the wrong time. I think that is a mistake and Buffett might as well. Buffett likes to say that your best inflation hedge is being the best at what you make or serve. Campbells is a leader in its segment. I think it fits well within his target view. Of course, I would say that Kelloggs does as well for that matter. I think Buffett will continue to focus on food companies.
Just a thought any comments greatly appreciated. Happy investing to all!!!