Author Topic: Next Berkshire acquisition speculation  (Read 42261 times)

sleepydragon

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Re: Next Berkshire acquisition speculation
« Reply #40 on: October 28, 2019, 12:02:59 PM »
Altria ( Web bought airline stocks after all)

 :o

IDK, airlines kill people by accident, occasionally, but Altria does it on purpose every day.

---

I still think Bucees would be a nice little purchase that could be expanded on.

The one that just opened at the Baldwin Beach Express, near Loxley, AL, is huge.
They prohibit 18 wheelers & they're mobbed up every time I've stopped in.

https://www.buc-ees.com/index.php

---

Too bad he didn't get WhatABurger.
I never see discount coupons for them.
They don't need to run specials.

https://www.nytimes.com/2019/06/20/us/texas-whataburger-chicago.html

https://fortune.com/2014/12/29/byron-trott-billionaires-banker/

Correction: Altria provides the substances needed for people who choose to kill themselves to do so everyday.
It might seem like a small distinction, but it makes all of the difference.  Anyone can choose to not be in danger of being killed by Altria.

(I recently bought MO at $40.)

It amazes me that WFC is under so much pressure from legislators for opening some checking accounts with 0 balances, yet cigarettes companies selling an addictive product that kills people are allowed to exist.
(Also bought MO at 40 and doubled at 43. But is still trying to convince my conscience that I shall double again my holdings)




rkbabang

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Re: Next Berkshire acquisition speculation
« Reply #41 on: October 28, 2019, 12:14:07 PM »
Altria ( Web bought airline stocks after all)

 :o

IDK, airlines kill people by accident, occasionally, but Altria does it on purpose every day.

---

I still think Bucees would be a nice little purchase that could be expanded on.

The one that just opened at the Baldwin Beach Express, near Loxley, AL, is huge.
They prohibit 18 wheelers & they're mobbed up every time I've stopped in.

https://www.buc-ees.com/index.php

---

Too bad he didn't get WhatABurger.
I never see discount coupons for them.
They don't need to run specials.

https://www.nytimes.com/2019/06/20/us/texas-whataburger-chicago.html

https://fortune.com/2014/12/29/byron-trott-billionaires-banker/

Correction: Altria provides the substances needed for people who choose to kill themselves to do so everyday.
It might seem like a small distinction, but it makes all of the difference.  Anyone can choose to not be in danger of being killed by Altria.

(I recently bought MO at $40.)

It amazes me that WFC is under so much pressure from legislators for opening some checking accounts with 0 balances, yet cigarettes companies selling an addictive product that kills people are allowed to exist.
(Also bought MO at 40 and doubled at 43. But is still trying to convince my conscience that I shall double again my holdings)

Whatever the distant past was like, everyone knows what the deal is with tobacco today.  No one is buying it and using it thinking that it is healthy.   That's why I have no problem owning it.   Also they should leave WFC (which I also own) alone.

DooDiligence

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Re: Next Berkshire acquisition speculation
« Reply #42 on: October 28, 2019, 12:48:41 PM »
Altria ( Web bought airline stocks after all)

 :o

IDK, airlines kill people by accident, occasionally, but Altria does it on purpose every day.

---

I still think Bucees would be a nice little purchase that could be expanded on.

The one that just opened at the Baldwin Beach Express, near Loxley, AL, is huge.
They prohibit 18 wheelers & they're mobbed up every time I've stopped in.

https://www.buc-ees.com/index.php

---

Too bad he didn't get WhatABurger.
I never see discount coupons for them.
They don't need to run specials.

https://www.nytimes.com/2019/06/20/us/texas-whataburger-chicago.html

https://fortune.com/2014/12/29/byron-trott-billionaires-banker/

Correction: Altria provides the substances needed for people who choose to kill themselves to do so everyday.
It might seem like a small distinction, but it makes all of the difference.  Anyone can choose to not be in danger of being killed by Altria.

(I recently bought MO at $40.)

It amazes me that WFC is under so much pressure from legislators for opening some checking accounts with 0 balances, yet cigarettes companies selling an addictive product that kills people are allowed to exist.
(Also bought MO at 40 and doubled at 43. But is still trying to convince my conscience that I shall double again my holdings)

Whatever the distant past was like, everyone knows what the deal is with tobacco today.  No one is buying it and using it thinking that it is healthy.   That's why I have no problem owning it.   Also they should leave WFC (which I also own) alone.

I don't have a problem with the burnable business as the dangers are known (like you said).

My problem with MO is their decision to extend themselves into the vaping business.

I'm probably wrong about the negative outcomes that I believe will result.

TBF, they survived cig litigation & resulting payouts, & still maintained
massive FCF, so this may be a business that any idiot could run.
AFL // BRK.B // CLB an incredibly stupid move // EW // GPC // MO // MTB // NVO // PSX // TRMD // VDE // VLGEA // WFC

Investable cash 22% + 18 months of survival $

sleepydragon

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Re: Next Berkshire acquisition speculation
« Reply #43 on: October 28, 2019, 12:57:12 PM »
My problem with MO get into vaping is that itís a business with no moat, and they paid a huge price.


John Hjorth

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Re: Next Berkshire acquisition speculation
« Reply #44 on: October 28, 2019, 03:00:11 PM »
... Also they should leave WFC (which I also own) alone.

Ohh come-on, rkbabang,

Nowadays, even WFC has a CEO [as for any decent US bank with just any part left of self-esteem] [ ; - ) ]
ĒIn the race of excellence Ö there is no finish line.Ē
-HH Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the United Arab Emirates and Ruler of Dubai

DooDiligence

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Re: Next Berkshire acquisition speculation
« Reply #45 on: October 28, 2019, 04:08:16 PM »
Whatever the distant past was like, everyone knows what the deal is with tobacco today.  No one is buying it and using it thinking that it is healthy.   That's why I have no problem owning it.   Also they should leave WFC (which I also own) alone.

I don't have a problem with the burnable business as the dangers are known (like you said).

My problem with MO is their decision to extend themselves into the vaping business.

I'm probably wrong about the negative outcomes that I believe will result.

TBF, they survived cig litigation & resulting payouts, & still maintained
massive FCF, so this may be a business that any idiot could run.

RK, I hope you didn't take my response the wrong way.
(Online posts can be easily misinterpreted.)

My reference to "any idiot" referred to Howard A. Willard III.

I strongly believe that the health risks of vaping are going to be as obvious, in hindsight, as the risks are now to cigs.

I also believe that at $40ish, you'll make money.

Not a long term hold for me any more though,
and I'll dump MO if it gets into the high $60's & never look back.

That said, I don't know if you've seen this guys posts but he makes a good case for owning Altria,

https://twitter.com/SuperMugatu/status/1179871479628009485?s=20
AFL // BRK.B // CLB an incredibly stupid move // EW // GPC // MO // MTB // NVO // PSX // TRMD // VDE // VLGEA // WFC

Investable cash 22% + 18 months of survival $

CorpRaider

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Re: Next Berkshire acquisition speculation
« Reply #46 on: October 28, 2019, 04:16:05 PM »
My problem with MO get into vaping is that itís a business with no moat, and they paid a huge price.

They seem to have top ticked it in marijuana and vaping and didn't even get control (probably a good idea...not controlling).  Impressive. 
« Last Edit: October 28, 2019, 04:17:57 PM by CorpRaider »

sleepydragon

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Re: Next Berkshire acquisition speculation
« Reply #47 on: October 28, 2019, 04:27:39 PM »
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 itís not that you canít quit because itís addictive.

John Hjorth

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Re: Next Berkshire acquisition speculation
« Reply #48 on: October 28, 2019, 04:46:06 PM »
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 itís not that you canít quit because itís addictive.

Personally, I would be surprised - very - to see Berkshire investing its cash this way going forward. I don't know exactly when it popped up on the Berkshire Website, but here it is : Sustainability - likely for starters.
ĒIn the race of excellence Ö there is no finish line.Ē
-HH Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the United Arab Emirates and Ruler of Dubai

Spekulatius

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Re: Next Berkshire acquisition speculation
« Reply #49 on: October 28, 2019, 05:46:28 PM »
No drugs, booze or tobacco in Berkshireís portfolio unfortunately. The most profitable business or those that kill people slowly.
Life is too short for cheap beer and wine.