[What are you buying today?]

56 minutes ago, Saluki said:

 Other than the Korea competitor alleging anticompetitive pricing, why do you think it's down over 10% in two days?  I see some negative articles about North Korea saber rattling and China, but nothing specific to CPNG that would justify this.  I'm still adding in very small bites.  I have a medium position and I had planned just to sit on it for another year, but sometimes I see the price drop on a stock and I feel like I'm watching my girlfriend at a shoe sale. 

 

Only other thing seen from my news feed was one downgrade from buy to hold. But nothing other than that... 

[Russia-Ukrainian War]

Wagner took Rostov overnight and in less than 24 hours have impressively made it half way to Moscow with a convoy. Seems like they're running along the main highway and avoiding the cities along the way altogether.

 

If you're the Kremlin, you need to remain vigilant on the loyalty of the Russian military to face Wagner.

[Energy Sector]

https://oilprice.com/Energy/Energy-General/Oil-Prices-Climb-As-Saudi-Arabia-Goes-It-Alone-With-Additional-Cut.html

 

Current OPEC+ production cut will go to end of year. Then in 2024, production will go down another 1.4M bpd.

 

Saudi doing a voluntary cut in July of 1M bpd. Sounds like they could extend that to get the outcome they're looking for with prices.

They called the additional cut “a Saudi lollipop" for the rest of OPEC+, since other members would not have to make deeper cuts to their production. Weird metaphor, but I get it.

[Bakeries Are Essential To The French Way of Life]

Just an anecdotal example. When we visit my wife's family in western France, we would always pick up baguettes on Wednesday for the daily special. Used to be 4 baguettes for the price of 3, but that's gone now. Family was pretty bitter about it, and they bring it up at any chance they get.

 

From what I saw at the bakeries, baguettes were the traffic drivers and then folks would also pick up dessert or maybe breakfast for the morning. Now the bakery section at the groceries seemed to have taken more share, even with inferior products. Guess even the French have a breaking point when it comes to food.

[Best Money Managers Looking Forward 15+ years]

I'm pretty confident that whenever Buffett decides to leave BRK, it will be in good hands.

[What are you buying today?]

CBI and STN

[Euro devaluation]

I would think the European automakers, then Nestle and Anhauser come to mind.