Very nice comments on "Berky." It is mind-blowing. Your accurate
perception of the amazing difference of fractions of a percent, over
time, is true. Another amazing thing is the production and growth of
the companies. They were there. Buffett recognized them. Your post
inspires new insight into how carefully Buffett must analyze dynamics,
markets and products, quality and competition - it's true, he doesn't
buy the stock, he buys the company - and its future. He's a super nice
guy to post all those letters, too.
Express Scripts earnings have grown 34% since 1997, revenues from
1,230m to 17,660m. I remember National Medical Enterprises went from 1
to 100 over a 16 year time frame. No dividends, in either case. Not
the only companies to do so well, either.
I just thought maybe I could help someone analyze a company and
perhaps eventually make some money and enjoy life a bit more. A little
positive outlook, you know? Encouragement to look at and analyze
individual companies, for fun.
I've never used screens. The first seven companies in the article
aren't extraordinarily compelling, but TRMD is a Danish ****pping
company with a story to tell - it's been around since 1889. Today it's
mostly oil tankers, owns 56, and I believe 44 leased. They probably
****p sweet light crude out of Norway (I think the world's top producer
of that premium grade). Next time you use an e-fax, it's probably
JCOM.
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