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Berkshire Hathaway Inc. Message Board

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  • bobo21029 bobo21029 Aug 12, 1998 11:54 AM Flag

    Buffett buying Pepsi?

    ..........if this were true WEB would have to resign from the board of Coke wouldn't he? In past writings he's expressed great loyalty to Coke calling it one of BRK's "core holdings"

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    • Pepsi is the biggest steal in the S&P500 right
      now. Almost totally immune to economic forces such as
      Asia, and with two of the dominant brand names in the
      U.S. in Pepsi and Frito Lay. Regardless of that fact,
      I know there are some things more important to WEB
      than money, and one of them is the trust and respect
      of Doug Ivester and the rest of the people at Coke.
      Buying Pepsi is out of the question for WEB in my humble
      opinion.
      He has said many times that he'll pass up a good
      deal if he doesn't feel right about it, even if there
      is easy money to be made. This fits into that
      category.

    • I don't see PEP in the future. Mr. Buffett has said he prefers to invest in the leader of an industry and has also expressed disdain for "turnaround company" plays.

    • I think he would, if he thinks it is a good buy.
      I don't think he would have to resign from the
      board, unless somehow he gained a major stake it it
      (over 5%).

      He has shown he doesn't mind holding
      stocks of competitors, e.g., Dairy Queen &
      McDonalds.

      (Although he sold some MCD, he stated at the annual meeting
      he still has quite a bit of it, not enough to meet
      the $750MM reporting criteria for the annual report)

      • 1 Reply to Mktwatcher
      • <<(Although he sold some MCD, he stated at
        the annual meeting he still has quite a bit of it,
        not enough to meet the $750MM reporting criteria for
        the annual report) >>

        Really!!?? I
        didn't know we still owned any MCD. Thanks for the
        info.

        Are McDonald's and DQ considered competitors? I'm not
        too sure I'd agree with that. I mean they *do* both
        sell hamburgers and ice cream, but somehow I perceive
        that their major markets don't really overlap. I can
        honestly say I've never asked my wife "Do you want to go
        to McDonald's or DQ instead?".

        I have asked
        her do you want to go to "McDonald's and then DQ for
        dessert?".

        Actually, I usually ask my wife, "Do you want to go to Taco
        Bell or get off your lazy vegetarian butt and cook us
        something instead?" (Just kidding!!!)

        Anyway, here's
        some anecdotal evidence.... but the McDonald's's
        around here have gotten really crappy lately. Ever since
        the "Order Face to Face" thing was implemented I have
        gotten really bad drive through service. As in 3 of the
        last 3 times I've been to McDonald's they've screwed
        up my order.... and my wife had to go around the
        other day because they screwed up her order too. This
        is at a couple of different Mickey D's too.

        I
        know most of you probably NEVER eat at McDonald's...
        being multibillionaires and all... so I'm just letting
        you in on the "word on the street". ;)

        Cheers
        and Gluck

 
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