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Berkshire Hathaway Inc. Message Board

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  • Mktwatcher Mktwatcher Aug 12, 1998 2:08 PM Flag

    Buffett buying Pepsi?

    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)

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    • <<(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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