I'm interested in heaRING OPINIONS ON WHY bUFFETS PEOPLE WOULD CHOOSE TO SELL ALL THEIR dg SHARES. i REALLY LIKE THE DG model, and am surprised Buffet evidently feels differently. Now with DG being added to the S&P, I'm doubly confused. Obviously, Buffet sees better opportunities than DG...does anyone have anything else to offer on why that's so? Thanks much.
JNJ and PG stakes were cut down too. Might be pulling away from consumer related if he's more strength there. Otherwise, it's just that there is better deals to be had in sectors related to things he's already bough out-- namely oil and chemicals.
Lubrizol for finished products and fuel additives.
Burlington Northern has huge market share for oil transport capacity, and is growing.
Bought shares in refining PSX.
Bought shares in NOV for drilling and well/field services.
Could just be in the process of growing out a hinterland around some core areas they are interested with moving forward.