% | $
Quotes you view appear here for quick access.

Berkshire Hathaway Inc. Message Board

  • agatesystems agatesystems Jul 29, 2003 10:19 AM Flag

    What's cheap?

    Just curious if others are finding things worth buying. I am building up cash and wondering what to do with it.

    I will start the conversation with this. One stock that I like a lot (enough to own) that is cheap is Cincinatti Financial (cinf). It's a big property and casualty insurer, pretty conservative in its underwriting. It has increased its dividend annually for 42 consecutive years. It is trading for close to net tangible assets. Out of the stocks I own, I think this is the cheapest.

    Anyone else have thoughts on stocks that are cheap?

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • I dont know here are some you can look at

      The dollar range is my take on IV.

      DDS ($22-25)
      KFT ($35-40)
      MXT ($6-7)
      DRF not even dd done yet but looks interest below 1.50
      DLW sames as DRF but again 2ish is interesting
      CC below 7.25 interesting

      Maybe not a lot of cheapness, but some stuff is looking interest. If you look at the market cap of those companies---KFT is to big for a takeover and the rest are to small. DDS is the right size, but retail doesnt fit well with berkshire. I see why buffett is having a hard time still. Size helps sometimes though. Clayton is a dog, but Berkshire can winner. It has a great feature---you can invest float that must be liquid in there. You can do that with PC or other subs.

      To the poster about CC. I have a real value of net assets around 2 billion. That is saying some of PPE is worthless and so on.
      At 75% of that or below 7.25 a share--looks interest. The on going business isnt looking good and I somewhat fear they will burn up a lot of the liquidation value. Any look into their business is welcome.


    • Royal Boskalis Westminster is cheap. It trades at 6 times earnings, 3,5 times cash-flow, has a return on equity of more than 20 %, a return of 20 % on capital employed.

      Royal Boskalis Westminster is a global leader in dredging, coastal defence and land reclamation.

      It is listed in Amsterdam.

    • CC is getting cheap. They have $10.98 in equity and a clean balance sheet (no bullshit goodwill etc).

      I have made several trades, entering CC when it fell below 9 and selling when it rose. Now that itis falling, I may reenter CC.


215,500.00-100.00(-0.05%)Oct 24 4:00 PMEDT