Warren Buffett (Trades, Portfolio) is on record saying that the company discussed in this months' newsletter is very very special. Buffett also holds its management in high regard. Nevertheless, the stock trades at just 10x earnings. This is truly a wonderful and well-managed company at a reasonable price.
“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)
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 (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
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.
