May Buffett-Munger Bargain Newsletter is Ready for Download
The Buffett-Munger Bargain Newsletter revisits an idea that was presented a year ago at much higher prices. It is an actual Buffett stock. The company clearly dominates its industry but trades at a single-digit P/E. In fact it seems to trade at a discount to the liquidation value of its assets. An analysis of the fundamentals shows the company has significant and sustainable competitive advantages.
“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 (Trades, Portfolio) (1989)
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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 (Trades, Portfolio)’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 (Trades, Portfolio)’s 7-point checklist. A new issue goes out to subscribers on the third Friday of every month.
Get your copy of GuruFocus’s Buffett-Munger Bargain Newsletter now
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