Buffett on CNBC: "There Should Be Lots of Opportunities in Japan"
“When I left Omaha I left an order to buy one European stock which we will undoubtedly be buying today and we’ll probably be buying it tomorrow and the next day and next week and next month,” Buffett said.
“I can think of a dozen European stocks that are quite attractive. Whether they’re more attractive than something else I can find in the United States depends on the prices on any given day or given week but there are European stocks I like,” Buffett said.
Examples of some stocks in Europe that Buffett might be interested in would include Nestle (NSRGY) which is similar to his position in Kraft. Buffett might also be interested in Diageo (DEO) which is similar to Buffett's previous position in Anheuser-Busch (BUD)
Buffett appears to be waiting for a pullback in order to buy more shares of Tesco (TSCDY.PK).
“There are some wonderful businesses in Europe, and the prices have come down on some of them,” he said. "Debt generally doesn’t interest me very much… I do not like currency-based investments under most circumstances. I’d much rather own equities.”
"If the price came down some on Tesco I’d buy some more of that,” Buffett said.
Buffett also said that he's hunting for large companies in Korea that can move the needle.