The Buffett-Munger Bargain newsletter is about a company that has dominated its industry for more than half a century. The company is almost twice the size of its nearest direct competitor and has a 10% higher gross margin. With the fundamentals unchanged, there is no reason why the company shouldn't dominate its industry for another decade or two. The company trades at a slight discount to a pessimistic estimate of the liquidation value of its assets.
“It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price….when buying companies or common stocks, we look for first-class businesses accompanied by first-class managements.”
- Warren Buffett (Trades, Portfolio) (1989)
Can’t wait to know this stock’s name?
Get your copy of GuruFocus’s Buffett-Munger Bargain Newsletter now
What’s a Buffett-Munger Bargain?
A Buffett-Munger Bargain is a “wonderful company” selling at a “fair price”. To be a wonderful company a stock must pass Warren Buffett (Trades, Portfolio)’s 7-point checklist:
1. Simple Business
2. Favorable Long-Term Prospects
3. Able and Honest Management
4. Consistent Earnings
5. Good Return on Equity
6. Little Debt
7. Very Attractive Price
What’s the Buffett-Munger Bargain Newsletter?
GuruFocus’s Buffett-Munger Bargain Newsletter picks one new “wonderful company” selling at a “fair price” every month. The pick is made using GuruFocus’s Buffett-Munger Screener and Warren Buffett (Trades, Portfolio)’s 7-point checklist. A new issue goes out to subscribers on the third Friday of every month.
Get your copy of GuruFocus’s Buffett-Munger Bargain Newsletter now
All the monthly newsletters are included in GuruFocus Premium Membership. If you are not a Premium Member, we invite you for a 7-day Free Trial.
