Forum Archive Index - October 2000

["Philip Robinson" <robph639@student.otago.ac.nz>]

Krypt,

I try not to upset people, thats why. But if you would like an example.

- RBD I see as a company at the mercy of consumers and the economic beast,
it can grow revenue little except by buying other chains which is expensive
and takes a while to get back.

- Port companies are in my view pseudo-proxy commodities business as they
are at the whim of the companies that send them stuff, which are usually
commodities businesses. I know they have a local monopoly but I seem to
recall a chair saying they could handle twice the coal they were doing now.
If only someone wanted to send it to them. I don't see BCH waiting around
for someone to send them coal.

>From my reading on Buffet these are the sort of businesses that have little
expansion possibility, although I did see that one of the ports has signed
an alliance, and I must admit I haven't read the announcement. I also must
say that I have looked no further for information about RBD or any of the
port companies than what I read on sharechat so I may be very wrong.

Phil


----- Original Message -----
From: "Krypt Or" <kryptz@hotmail.com>
To: <sharechat@sharechat.co.nz>
Sent: Wednesday, October 11, 2000 4:21 PM
Subject: [sharechat] Re - Buffett


> Phil & Brian
>
> I think a spreadshett/points system is an excellent one.
>
> Buffett did say companies should return dividends IF the company could not
> re-invest the profits at a justifiable return.
>
> If you are flabberghasted at some suggestions why not say what and why?
>
> We still havn't agreed on a Buffett valuation for BCH..coz at the end of
the
> day isn't that what a purchase decision is made on?
>
>
>
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