Retail/Distribution
Prestige Brands Symbol: PBH
http://www.prestigebrandsinc.com/
Rationale: Prestige Brands, Inc. markets well-recognized, branded consumer products in over-the-counter healthcare, household cleaning and personal care categories.
Guidance: On 9/14/09 we recommended and bought PBH at 7.16. Use a 20% trailing stop loss on this position. Pnf chartists may take a larger second buy, however, and defined support lines. This position will do well over time
Wal Mart Symbol: WMT
Rationale: This is another company we hate. They import over 90% of their non-food products, put them in large unattractive warehouses, and sell the hell out of them. This is the greatest distribution company in the world. They’ve just opened an “all Hispanic” Wal-Mart store in Texas, testing regional ethnic distribution.
This company has revolutionized the blight of our small downtowns, while creating a distribution model that has “created the cost plus” mentality of our economics.
One cannot be part of it. We trade the stock, and options.
Guidance: New subscribers should look for entry in WMT at 51.00 or less. Long-term subscribers bought this in 2007 at 44.00 and doubled their position with us at the October 08 market bottoms, averaging our cost to 45.33. Currently at 55.00 we suggest a trailing stop loss of 20% or a pnf chart stop loss at 48.00
Berkshire Hathaway B Shares Symbol: BRKB
http://www.berkshirehathaway.com/
Rationale: This is Warren Buffet. The greatest investor of all time. It’s a superb long-term investment, at bargain prices.
Guidance: One of our largest holdings in our CORE investments BRKB we first bought in 8/05 $2013.00 and doubled our position again in October 2008, and have recommended added to the stock several times since then on dips. We now have an averaged price of $2205.75.
We consider this one of the safest long-term investments, and a long-term hold.
