Friday, May 4, 2012

KO

WB started buying KO shares in 1987/1988
They were approx USD38-42 a share
EPS was about USD 2.45-2.88
Rationale: Competitive advantage, underpriced shares and good cash flow with good management

http://www.scribd.com/doc/34149986/KO-1988
http://www.berkshirehathaway.com/letters/1989.html

Odd
Lovely

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