Have to sit around now earning only 1% until the next market crash brings down other opportunities to more reasonable prices. I thought I would have this forever increasing the dividend year after year..
I agree, however, this is only part of the reason. This company has been good for long term shareholders, and employees. A solid investment, a nice retirement stock. The buyout is a one time item, that creates a huge, unwanted tax issues for every stock holder. Yes, many good companies are around to invest in, however, the price points of many of them is not a good entry point.
Buffet is one of the things wrong with America. He sold out A/B, now he is buying out another great American company. Greed is never good. He is a wolf in sheeps clothing.
Amen. This is a perfect stock for the long haul (which of course is why Buffet wants it): increasing dividends that more than keep up with inflation, huge moat, products that will never become obsolete, products for which demand will never decrease and will almost certainly increase as new emerging markets open up; and the sort of product whose retail price will go up "naturally" with inflation so profits don't get choked off in inflationary times. I agree that it's better for shareholders to keep the stock than take quickie profits now and be stuck trying to find some other investment that's anywhere near as good.