Subject: Re: PCP value rises - CAM removed
That was very interesting and helpful information on this large Berkshire acquisition. I no nothing about the company. I imagine Mr Buffett liked the return on capital and profit margins when he purchased the company. He probably had factored in fluctuations in demand from customers as they waxed and waned. He probably liked the company’s chances of maintaining or growing its share of the market. He could not have foreseen a global pandemic than no doubt resulted in an unprecedented collapse in orders and then was followed by a bounce back a couple of years later. I’d love to know what after tax multiple he paid. The net profit margins and the return in capital numbers. If anyone knows?