Charlie Munger's DJCO Buys More Stock (in two foreign manufacturers)

[claphands22]

Charlie Munger's DCJO just released their new 10Q. DJCO has bought stock again, this time in two foreign manufacturers.

 

During the second quarter of fiscal 2011, the Company bought shares of common stock of two foreign manufacturing companies. 

 

http://www.sec.gov/Archives/edgar/data/783412/000143774911003184/djc_10q-033111.htm under liquidity and capital resources

[Ballinvarosig Investors]

BYD is almost certainly one of those companies, I'd say.

[Tim Eriksen]

Actually BYD is not one of the companies since the latest 10-Q says concentrated in five companies, while the previous 10-Q said concetrated in three companies.

 

Tim

[gfp]

So how does that rule out BYD as one of the two Foreign manufacturing companies added?

[claphands22]

My guess it's something Li Lu owns, since Li runs the Munger family wealth (or at least some of it) and seems to influence Munger.

 

I honestly don't see how this or the past 10Q precludes the purchase to be BYD...but I really have no idea what exactly he is buying, just think it's interesting Munger's back at allocating capital at DJCO.

[Ballinvarosig Investors]

So how does that rule out BYD as one of the two Foreign manufacturing companies added?

That's what I thought ???

 

Charlie is already invested in BYD through Berkshire and by being invested in Li Lu's fund. He's on the record on being keen on China and Hong Kong stocks. Don't see any reason why he wouldn't buy BYD for DJCO if it's such a high-conviction pick. The real question I think is what's the other stock? If it's manufacturing, it may be another HK-based company.

[berkshiremystery]

Here's an interesting new article about the Daily Journal Company.

 

Assessing Daily Journal's Value

2012-06-28

http://seekingalpha.com/article/691661-assessing-daily-journal-s-value?source=yahoo