Author Topic: Next Berkshire acquisition speculation  (Read 13778 times)

Dynamic

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Re: Next Berkshire acquisition speculation
« Reply #50 on: October 29, 2019, 01:40:03 AM »
There IS a very small position in Diageo (DEO), which is alcohol brands, 227 thousand ADRs worth $36 million only at present, but that's not widely known because it's within the part of the Gen Re portfolio held via New England Asset Management's 13F filings.


rkbabang

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Re: Next Berkshire acquisition speculation
« Reply #51 on: October 29, 2019, 04:36:59 AM »
My father in law was a smoker for 20 years. Then my wife educated him on the health effects. One day he just quit cold turkey. So it’s not that you can’t quit because it’s addictive.

Both of my parents quit cold turkey when I was young and my father was smoking 3 packs per day. My wife quit cold turkey as well before we had kids.  Although she only smoked for 4 years or so before quitting.  It is possible to quit.

sleepydragon

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Re: Next Berkshire acquisition speculation
« Reply #52 on: October 29, 2019, 07:04:57 AM »
There IS a very small position in Diageo (DEO), which is alcohol brands, 227 thousand ADRs worth $36 million only at present, but that's not widely known because it's within the part of the Gen Re portfolio held via New England Asset Management's 13F filings.

DEO’s headquarter, which is in CT, is not far from the town I live.
A couple of times I drove by, and saw helicopter was flying and parked on the rooftop. Seem they have a lot of money but possibly a wasteful culture.

rogermunibond

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Re: Next Berkshire acquisition speculation
« Reply #53 on: October 29, 2019, 07:07:28 AM »
Different types of nicotine/smoking addiction.  For some it's more psychological and others it is neurochemical.

Those that have a really hard time are more wired - genetically - in their brain receptors to grab hold of nicotine.

They suffer the worst withdrawal symptoms.

rkbabang

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Re: Next Berkshire acquisition speculation
« Reply #54 on: October 29, 2019, 07:38:58 AM »
Different types of nicotine/smoking addiction.  For some it's more psychological and others it is neurochemical.

Those that have a really hard time are more wired - genetically - in their brain receptors to grab hold of nicotine.

They suffer the worst withdrawal symptoms.

This could be true.  But what I've found personally is that it is really really easy to just never start smoking at all.  I mean, I've been not starting smoking my entire life and it's taken me literally zero effort.

DooDiligence

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Re: Next Berkshire acquisition speculation
« Reply #55 on: Today at 08:50:22 AM »
Could Pilot / Flying J buy Applegreen?

What are the chances that WEB starts kicking cash down to subs for acquisitions?

I mean, who knows their industry best?
(Including all private competitors...)
Healthcare 20.9% - EW NVO // BRK.B - 22.7% // Auto's & Oil 14.7% - CLB GPC VDE

Banking 10.2% - WFC // Entertainment 4.8% - DIS // Drinkers & Smokers 7.0% - MO

Retail 1.5% - ULTA

---

%'s held @ MV 11/29/2019 minus 18.2% investable cash

i trumpet my ignorance

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longinvestor

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Re: Next Berkshire acquisition speculation
« Reply #56 on: Today at 02:50:32 PM »
Could Pilot / Flying J buy Applegreen?

What are the chances that WEB starts kicking cash down to subs for acquisitions?

I mean, who knows their industry best?
(Including all private competitors...)

I believe that this is the most likely model for deploying capital over the coming decades. Many of the current heads of sub could serve this role with Jain/Abel playing Buffett. Besides the obvious micro domain depth, this will truly take care of the optics and paraphernalia associated with Buffett’s involvement in deal making. Fly under the radar deals. Todd &Ted are involved in such deal making we’re told by Buffett. I can see this being the default model. Could work well too.

John Hjorth

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Re: Next Berkshire acquisition speculation
« Reply #57 on: Today at 03:04:04 PM »
Heck, it's all about patience. ATH today, and still cheap.
”In the race of excellence … there is no finish line.”
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Dynamic

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Re: Next Berkshire acquisition speculation
« Reply #58 on: Today at 03:47:20 PM »
Or if not an all time high, within a hair's breadth. I think it peaked higher and closed higher on 9th October 2018 but only by about 0.5%.

I think there's a strong chance that today's price will look pretty unusually cheap after the 10-K comes out by any of the usual measures.

gfp

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Re: Next Berkshire acquisition speculation
« Reply #59 on: Today at 05:35:46 PM »
technically I suppose Berkshire sold another company today (or Marmon did, more specifically) - Owl Wire & Cable

with applied underwriters we've got a certified selling spree...

https://www.marketwatch.com/press-release/international-wire-group-acquires-owl-wire-and-cable-2019-12-06?siteid=bigcharts&dist=bigcharts