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The week's question
In December 2024, in the thread "Re: BRK: Why Not XOM?", sykesix asked the members: "What do you do if you arrive early at movie besides go to the snack bar?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Investment Strategies / Falling Knives
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Author: Lear ✭  😊 😞
Number: of 1251 
Subject: Re: Diageo
Date: 11/10/23 1:14 PM
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No. of Recommendations: 3
Hard to go broke selling Johnnie Walker and Tanqueray.

Thoughts on fair value? I've looked at in the past and never bought on valuation concerns, and my impression re: the drop is the same as yours -- even with the pullback, it still seems a tad pricey. Modest expectations for growth going forward, etc., and that's assuming they don't revise downward again at some point. Getting closer though.

I don't piggyback, but note that BRK was buying (an admittedly very modest position) at $179 a few months back. Currently trading at around $142, after the selloff.
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