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Listening for Opportunities


DooDiligence
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In a joking reference to being hard of hearing, Buffett said he recently told Charlie Munger: “Charlie, we should buy GE at 11.” No response. Moving closer, Buffett said once again, “Charlie, we should buy GE at 11.” Again, no response. Finally, Buffett moved up close and shouted in Charlie’s ear. “Charlie, we should buy GE at 11!” Charlie turned to him and said, “For the third time, Warren, YES.” (Note: Berkshire has disclosed big positions in U.S. Bancorp and Wells Fargo, and small positions in GE and BAC).

 

Cheers!

 

Along this vein, sell side looks at hearing loss.

 

 

Would you bet on manufacturers or a retail consolidator or just go with Costco?

 

--- edit ---

 

Forgot to add "or none of the above."

 

--- another edit --- (instead of bumping it to the top)

 

Really good piece on big box retailers & hearing aids (Costco loves 'em for their stealthy pricing power.)

 

http://www.hearingreview.com/2015/09/top-10-reasons-big-box-retailers-love-affair-hearing-aids/

 

Excerpt from article:

 

"Hearing aids are still considered medical devices and as such are sold at a premium. When retailers began to treat hearing aids as consumer products, these devices were (and still are) priced much higher than any other electronic devices. By lowering the selling price to the consumer that thinks of hearing aids as being outrageously expensive, retailers are able to attract a large market that still sees them as high-priced medical devices."

 

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Holy crap! I smell a business idea...

 

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Oops - https://www.amazon.com/Hearing-aids/s?ie=UTF8&page=1&rh=i%3Aaps%2Ck%3AHearing%20aids

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Guest Cameron

Some hearing aid manufacturing tickers.

 

SOON.SIX - Sonova Holding AG

 

WDH - William Demant Holding

 

GN - GN Store Nord A/S

 

 

Cochlear Limited makes implants

 

For some reason they all seem located in scandinavia.

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