Forum Archive Index - October 2000

["hugh webber" <hugh.webber@clear.net.nz>]

I'd agree with most of that. An assessment of management has to be to
a certain extent subjective so a 1 - 3 grading is a reasonable approach.
As for Bry and GPG I don't see either of them as Buffett candidates by
any stretch of the imagination. Despite all the changes BRY is still a 
conglomerate (not a Buffett characteristic) and moreover a conglomerate
still dominated by commodities (airlines, fish, building prods, hotels
etc). 
As for the management I'd still give it a 3 (lowest grade) - the new CEO
seems 
to think the way out is via dot.com after the wave has already passed.
GPG is also a conglomerate but I'd give it a 1 for management and altho its
not a Buffett stock I'd consider investing for other reasons.

The discussion started with trying pick Buffett stocks in NZ (also makes
sense
in picking up the imputation credits) and its therefore logical to go on to
the 
smaller stocks (I wonder if Mr Chips fits).

Australian Buffett stocks is a separate exercise with its own subject line.

cheers,
Hugh




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