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Tom Russo Says Europe Is on Sale

June 13, 2012 | About:
Tom Russo, partner at Gardner, Russo & Gardner, is the master of slow money. He first purchased Berkshire Hathaway (NYSE:BRK.A) stock in 1983 and still holds the stock. Russo also took a position in Nestle (NSRGY), still a favorite investment of his, in 1988.

As followers of esteemed value investors know, the time to put cash to work is when uncertainty looms large. Currently many European economies are weak and uncertainty has gripped the European banking sector. How will the European scenario play out? No one really knows.

In this environment Russo says investors should take action. Russo specifically likes Nestle (NSRGY), Heineken (HINKY) and Diageo (NYSE:DEO). As typical of Russo's investment these companies boast brand power and have large emerging market exposure.

Russo's current portfolio can be found here: http://www.gurufocus.com/holdings.php?GuruName=Tom+Russo

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About the author:

Stockbroker @ www.market-swings.com

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