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The Buffett/Munger Bargain Newsletter September issue is ready for download

September 22, 2012

The Buffett/Munger Bargain Newsletter September issue is ready for download. This month's pick is the precise opposite of a value trap. The stock always appears to be expensive. In true Buffett style, it becomes a bargain only in hindsight. This is driven by a sustainable, high return on equity. Since 2001, the company has quintupled earnings per share. With the fundamentals unchanged today, the future of this company is likely to resemble its past.

“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?

Get your copy of GuruFocus’s Buffett/Munger Bargain Newsletter now

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 is written by Geoff Gannon. It 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.

Get your copy of GuruFocus’s Buffett/Munger Bargain Newsletter now

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.


Rating: 3.3/5 (9 votes)

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