Quote Originally Posted by ENP View Post
I've read Buffetology, that's what I'm basing my
investment strategies on so far. Just started reading One Up On Wall
St and have got a few basic tips.
If that is the original Buffetology book, I think there was a mistake in the
calculations in the equity growth model spreadsheet type calculations.
It was subsequently fixed in Mary Buffett's following publications, the
Buffettology Workbook and the New Buffettology.

Still that doesn't diminish the ideas and theme of the book.

One quote I remember is never buy a stock for the reason that it's value
is going up. RBD are doing much better than they were 1-2 years ago
in their financial statements but it's sure going up in a hurry. Everyone
needs to eat though which is good for KFC.
Yes, hit $2.19 today? Still the book doesn't say you shouldn't buy a
share because it is going up either.
In fact, coming from a similar investment church to yourself ENP, I think
you need to ask whether a share is value at the market price. It may
well be value even as the price is going up rapidly if the trough it is
recovering from is deep enough! I think long term fair value will settle
at around $2.40 over the next couple of years. So not a tremendous
amount of capital gain to come, but those dividends should remain
'finger lickin'.

SNOOPY