guru267 wrote: After all these references to Warren Buffet i really wonder whether he or Berkshire Hathaway actually own a single OMC in any of their portfolios!!
I highly doubt it because one thing Buffet focuses on most is margins margins margins!! This is because high margins cement the probability of your company being alive after 10yrs...
High margins also reduce the possibility of a profitable company slipping into loss territory in bad years(just like KK did in 2012)
With KK making only 2% margins in the best of its years i doubt WB would recommend such a company to anyone!
Research is 'cheap' via google.
http://www.wikinvest.com...ock/Berkshire_Hathaway_(BRK)/Filing/8-K/2005/F3525840
On May 23, 2003, Berkshire acquired McLane Company, Inc., a distributor of grocery and food products to retailers, convenience stores and restaurants... McLane’s revenues in 2004 totaled $23.4 billion and for the full year 2003 totaled about $22 billion. Pre-tax earnings totaled $228 million in 2004 and $225 million for the full year 2003...
McLane’s business is marked by high sales volume and very thin profit margins.Buffet: "McLane has sales of about $23 billion, but operates on paper-thin margins – about 1% pre-tax – and will swell Berkshire’s sales figures far more than our income."
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett