The Buffett-Munger Bargain Newsletter September issue is ready for download. This month's newsletter is about a stock that Buffett has been buying more of in recent years. The company is very well entrenched, dominates its industry, has sustainable competitive advantages and can take share from its less efficient competitors. The company is well managed and is spending lots of money preparing itself for future growth. Somewhat surprisingly, the stock has a p/e of 8.
“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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