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

To: Paul Senior who wrote (3103)	10/15/2002 7:38:20 PM
From: Tomato	Read Replies (1) \| Respond to of 4691

Fund mgr. Ron Baron was on Lou Rukeyser's new show and touted Krispy Kreme. Think he said they were growing 100% a year. baronfunds.com Seems like shorts have been predicting its demise for a long time now. There's no KKD near me. When one opened about 40 miles away there was a lot of free publicity and long lines day and night. I got an urge for doughnuts after I watched a British show on PBS, Battlefield, that talked a lot about Adm. Karl Doenitz. "I'll have two glazed admirals, please." ;-)

To: Paul Senior who wrote (3103)	10/16/2002 11:43:23 AM
From: sjemmeri	Read Replies (1) \| Respond to of 4691

>Ah these cult stocks and cult businesses. Interesting thought Paul. What are some Buffet businesss if not 'cult' businesses? What is KO if not a 'cult' business? Any others? What about Harley D?

To: Paul Senior who wrote (3103)	10/16/2002 12:06:12 PM
From: bozwood	Respond to of 4691

I'll take a cult business over the alternative, all else equal, any day.

To: Paul Senior who wrote (3103)	10/28/2002 5:01:45 PM
From: Paul Senior	Respond to of 4691

Decided I like Cadbury Schweppes over Allied Domecq. Both are English based food/beverage multinationals, but they don't compete directly. Cadbury Schweppes has non-alcoholic beverages such as 7-UP, Snapple, Dr. Pepper, and Orangina. Also various chocolate/confectionery brands. CSG looks to me like a decent business at a reasonable price. I say "decent" because I don't expect rapid growth from the company. OTOH, I expect the company to be around ten years from now, continuing to grow slowly but profitably. Stock seems to reflect that: it's a slow grower too. I'll guess current $26-27 might rise to $40 in 2005. About a 2.5% div. while waiting. My guess and expectation are that a person buying this stock gets a safe business and a stock that maybe (I hope) won't crater due to business setbacks. OTOH, for this presumed safety, the buyer likely forgoes strong appreciation potential. I'll start a very small initial position. finance.yahoo.com I also looked at KO vs. CSG. KO dominates the sector of course, and has better margins than CSG by far. The stock price of KO (p/e) fully includes that imo. CSG looks to be a better value (maybe). OTOH, it may be more profitable to invest in the dominant KO than going for alleged better relative value. I don't know. Comments welcome.