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Strategies & Market Trends : Buffettology -- Ignore unavailable to you. Want to Upgrade?

To: James Clarke who wrote (2685)	11/17/2000 12:45:57 PM
From: Paul Senior	Read Replies (1) \| Respond to of 4690

Taking an exploratory position in SHW. I could be wrong here, but I don't get that there's a difference in lead use by paint companies --- Benjamin Moore vis-a-vis Sherwin Williams. It seems to me both companies face lawsuits or the threat thereof. If Mr. Buffett nevertheless says MBEN is now a good enough addition to his portfolio, then SHW imo would be okay for investors to consider too. For me, I make the assumption all else is equal, e.g. SHW has similar liability insurance, similar or better business prospects, etc. SHW @ 22 is about midway in its price range for the year. It looks like patient investors occasionally have gotten several chances to buy at or under 20. (Guess I'm not that patient -g-) Shane suggests a bet at 16-17 to make a 20-30% gain. That'd could be a good bet. The opportunity to see 16-17 gets more rare though if SHW sales, earnings, divs. keep increasing year over year. If SHW were to hit an uncommonly low 16-17, it'd likely be because of some material event(s) rather than typical price fluctuations. finance.yahoo.com