Thank you so much.

Captain Obvious comments from me here -

That is the kind of return on equity I would have expected. That along with a net margin of 17%, certainly indicates the type of jewel that would have attracted Mr Buffett for a buy and keep for ever wholly owned subsidiary.

16 times earnings is a little higher than he might have paid in the past but it looks to me like it will work out well in the long term. It’s hard to find big acquisitions. Plenty of errors of omission over the years waiting for perfection. This was not one of those errors. Rather it looks like it was a solid allocation. Good to see it performing well of late. Who cares about the previous accounting write down: assuming it was largely pandemic related and not company specific relative to competitors. I’m sure the company is focused on delighting customers and widening its moat and is thriving inside Berkshire.