November Buffett-Munger Bargain Newsletter is Released

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Nov 18, 2012
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The Buffett-Munger Bargain Newsletter November issue is ready for download. This month’s Buffett-Munger pick has had tremendous share buybacks. Since the current CEO took the helm in 2005, this company has spent $1.6 billion buying back stock. Amazingly, that is an amount of money equal to its current market capitalization. The return of all this cash to shareholders, has not stopped management from spending record amounts on capital expenditures, investing for future profitable growth. Download the Newsletter


“It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price….when buying companies or common stocks, we look for first-class businesses accompanied by first-class managements.”


- Warren Buffett (1989)


Can’t wait to know this stock’s name?


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What’s a Buffett-Munger Bargain?


A Buffett-Munger Bargain is a “wonderful company” selling at a “fair price”. To be a wonderful company a stock must pass Warren Buffett’s 7-point checklist:


1. Simple Business

2. Favorable Long-Term Prospects

3. Able and Honest Management

4. Consistent Earnings

5. Good Return on Equity

6. Little Debt

7. Very Attractive Price


What’s the Buffett-Munger Bargain Newsletter?


GuruFocus’s Buffett-Munger Bargain Newsletter picks one new “wonderful company” selling at a “fair price” every month. The pick is made using GuruFocus’s Buffett-Munger Screener and Warren Buffett’s 7-point checklist. A new issue goes out to subscribers on the third Friday of every month.


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All the monthly newsletters are included in GuruFocus Premium Membership. If you are not a Premium Member, we invite you for a 7-day Free Trial.


Also don’t miss this month’s other newsletters:


Download Ben Graham Net Current Asset Bargain



The pick for November has a market cap closing in on $1 billion dollars, with sales in excess of $2 billion dollars. The company's profits are consistent. The company plays a vital role in the electronics manufacturing industry.


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This month's pick has been growing sales at almost 10% per year for the past few years, more than three times the growth rate of its larger peers. Despite this faster growth, and the fact it is one of the most profitable companies in its industry, the company trades for about half the multiple it's bigger peers do.