Buffett Buying In Europe NOW - CNBC

[Ballinvarosig Investors]

http://www.cnbc.com/id/45387194

"We today — I left an order when I left Omaha, I left an order to buy one European stock which we will undoubtedly be buying today, and we'll probably be buying it tomorrow and the

 

next day, and next week and next month.  As you know, it's a matter of record that earlier this year we bought some Tesco, for example.  There are — I can think of a dozen European stocks that are quite attractive.  Whether they're more attractive than something else I can find in the United States depends on the prices on any given day, or any given week.  But there are European stocks I like and there's some wonderful businesses in Europe and the prices have come down on some of them.  If the price came down some on Tesco, I'd buy some more of that."

[biaggio]

What might he buying or looking that you can buy here in North American Market?

 

Nestle?

 

TEF?

 

BP?

 

Lancashire? (damn price has not moved down at all with the rest of market)

[BargainValueHunter]

It's either Vodafone, Novartis or Unilever.

[beerbaron]

It's either Vodafone, Novartis or Unilever.

 

How about Swiss Re?

[Eric50]

Carrefour?

[DCG]

What about SI?

[CanadianMunger]

More Munuch Re?

[Liberty]

More Munuch Re?

 

That's exactly what I was going to write, but only because it's the only thing that came to mind, not because I know it's the most attractive of what he's looking at (it's the availability bias :) )

[BargainValueHunter]

it's not vodaphone. it's not novartis. and it's probably not unilever. my guess is something in reinsurance.

 

 

lol.

 

 

I am sure you've got it exactly right, peter_burke_ceo

[beerbaron]

Let's make a game. Who predicted IBM as Buffett's last pick?

 

BeerBaron

[AZ_Value]

Let's make a game. Who predicted IBM as Buffett's last pick?

 

BeerBaron

 

I'll be damned if anybody predicted that Buffett would put $10B in IBM!! (Unless his name is Dave Sokol)

 

[BargainValueHunter]

Sorry "peter_burke_ceo" but this "bump" is regarding an interesting take on why Buffett should take a look at specific European companies NOW!

 

http://seekingalpha.com/article/313157-buy-these-europe-based-companies-before-buffett-does

 

The Cheuvreux analysts specifically recommended ABB (ABB), headquartered in Switzerland; Unilever (UL), headquartered in the UK and the Netherlands (among their US-owned products are Hellmann’s, Wish-Bone, Ragu, Bertolli, Ben & Jerry’s, Breyers, Popsicle, Lipton, Slim Fast, Dove, and Vaseline); Zurich Financial Services (ZFSVY.PK) also in Switzerland; AXA (AXAHY.PK) in France; H&M (Hennes & Mauritz – HNNMY.PK) from Sweden, and Volkswagen (VLKAY.PK) and Daimler (DDAIF.PK) both in Germany. (Daimler is the manufacturer of a number of marques, including Mercedes Benz and that all-American 18-wheeler, Freightliner.)

 

Again, sorry "peter_burke_ceo"

[philassor]

buying a Euro based company with a great Global business is an eminently rational thing to do right now.

 

I second your opinion;

 

for what its worth I am posting the follow up  link  on the "magnificent 7 euro based stocks" (initial link from BargainValueHunter). Just to throw some more euro names in the hat:

 

http://seekingalpha.com/article/313561-the-magnificent-7-euro-based-stocks-buffett-should-buy

 

Some like BP and Zurich financial perhaps seem interesting to me but nothing irresistible yet.  I guess  I am getting greedy.