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

To: Fredman who wrote (468)	10/21/1998 8:46:00 AM
From: James Clarke	Read Replies (3) \| Respond to of 4690

Ralston is very interesting, on my short list too - and the price is close. I think Safeway is a short if anything. Why would I pay 30 times earnings for a supermarket? How many more acquisitions can they do? Bed Bath and Beyond has too many wannabee competitors - its just too easy to imitate. Microsoft is not even close - its just too easy because the stock is loved by every institutional investor in the world. Yeah, maybe its the best business in the world but everybody thinks that. It would take much more than a 10% break to even make me look at it. JJC

To: Fredman who wrote (468)	10/22/1998 2:20:00 AM
From: Shane M	Read Replies (2) \| Respond to of 4690

Fred, Thanks for your comments. Regarding Harley Davidson. Maybe if we see a small recession we can get into Harley Davidson at lower prices. I agree with you regarding competition. Other companies can build better bikes and can sell them more cheaply, but the core market will always want Harleys. BTW, I don't understand Buffett not wanting to buy a MSFT. Is Microsoft's franchise not as secure as a Gillette/American Express/Coke/Dairy Queen? It would be interesting if he'd comment on what he thought MSFT was worth. Don't let what the fed did with interest rates fool you, the problems are still here, Yeah, I'm still holding about 50% cash and am confident that the bloodletting has yet to run its course. Shane