The Buffett-Munger Bargain Newsletter February issue is ready for download. This stock from the Buffett-Munger model portfolio traces its roots back to Bentonville in Arkansas. Like Wal-Mart, the company has been growing organically, profitably and steadily at double digit rates for decades. Unlike Wal-Mart though, the company has a market share of less than one percent. The company has a solid balance sheet and is buying back shares at an alarming rate.
“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?
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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