Warren Buffet bought Target (TGT)?

**grapes** Thu Nov 02, 2006 2:08 pm

Warren Buffet bought Target (TGT)?
Blast and other gurus,

Can you share what you think about it? To me, they are most like the Coke type stock that is not traditional value pick in Graham's sense.

I noticed that he previously bought NIKE (NKY) and the stock goes up more than 10% till now. Also, he bought GAP before, but sold it out. It looks like he did not make money in GAP, nor did he lose money there.

What I read is that right now, those big growth company is pretty cheap. And it looks like Warren Buffett also think so?

**yhan** Sun Nov 05, 2006 10:11 pm

where did you find the info?

Buffet already owns WMT, buying TGT seems no sense.

**yhan** Sun Nov 05, 2006 10:11 pm

where did you find the info?

Buffet already owns WMT, buying TGT seems no sense.

**pass** Sun Nov 05, 2006 10:20 pm

I guess from gurufocus.com.

yhan wrote: where did you find the info?

Buffet already owns WMT, buying TGT seems no sense.

**lzhang** Mon Nov 06, 2006 3:39 am

I do not know why you think it does not make sense for WEB to buy tgt. He already has tons of insurance business, but he has been buying insurance co's all the time.

I think people here are too stubborn to the so-called `concentration' or focus, but forget what to concentrate or focus. It is the value to concentrate or focus, not the number of picks. If you can find 100 value picks, do not constrain yourself to take only 10, take 100, ALL!

wmt, tgt, cost, all are good. Please think where you shop? I can not think of anything else for my daily shopping routine.

yhan wrote: where did you find the info?

Buffet already owns WMT, buying TGT seems no sense.

**grapes** Mon Nov 06, 2006 2:27 pm

As pass said, gurufocus.com

WB owns WMT, TGT, COST. They are the same category I guess. He also owns LOW and HD, they are pretty much the same category of WMT, TGT and GOST too.

yhan wrote: where did you find the info?

Buffet already owns WMT, buying TGT seems no sense.

**grapes** Mon Nov 06, 2006 2:29 pm

It seems to me that WB may also not be sure about which one has more potential, say WMT or TGT.

grapes wrote: As pass said, gurufocus.com

WB owns WMT, TGT, COST. They are the same category I guess. He also owns LOW and HD, they are pretty much the same category of WMT, TGT and GOST too.

yhan wrote: where did you find the info?

Buffet already owns WMT, buying TGT seems no sense.

**lzhang** Mon Nov 06, 2006 2:38 pm

Why? Maybe he thinks both have potential?

Most importantly, he sees value in both. He might have learnd that from his past that he bot KO, he should have bot PEP as well.

He is trying to buy all the leading co's in an industry, if he sees value in them.

grapes wrote: It seems to me that WB may also not be sure about which one has more potential, say WMT or TGT.

grapes wrote: As pass said, gurufocus.com

WB owns WMT, TGT, COST. They are the same category I guess. He also owns LOW and HD, they are pretty much the same category of WMT, TGT and GOST too.

yhan wrote: where did you find the info?

Buffet already owns WMT, buying TGT seems no sense.

**grapes** Mon Nov 06, 2006 2:50 pm

It is hard to generalize. For PEP and KO cases, there are also Walmart v.s. Kmart case.

Maybe he is old and don't want to take risk even though he may favor say WMT than TGT. However, the thing really interesting to me is that if he thinks right now it is a good time to load stocks like KO which can grow quickly for a while with a reasonable valuation. What is your guy's opinion?

By the way, do you know where we can find WB's previous quarterly puchase and sell record?

lzhang wrote: Why? Maybe he thinks both have potential?

Most importantly, he sees value in both. He might have learnd that from his past that he bot KO, he should have bot PEP as well.

He is trying to buy all the leading co's in an industry, if he sees value in them.

grapes wrote: It seems to me that WB may also not be sure about which one has more potential, say WMT or TGT.

grapes wrote: As pass said, gurufocus.com

WB owns WMT, TGT, COST. They are the same category I guess. He also owns LOW and HD, they are pretty much the same category of WMT, TGT and GOST too.

yhan wrote: where did you find the info?

Buffet already owns WMT, buying TGT seems no sense.

**lzhang** Mon Nov 06, 2006 3:31 pm

Even a layman could tell kmart was not a leading co in the industry, could not compete with wmt or tgt.

PEP was leading KO in 70's. I could not figure out an industry where there is only one major player. I see many industries that the first two major co's flourish

I do not think WEB is too old to do the same thing he has been doing more than 50 years. I have doubt in young people who think he finds new ideas about investment. I do not have doubt in old people who have seen many fads and tides.

grapes wrote: It is hard to generalize. For PEP and KO cases, there are also Walmart v.s. Kmart case.

Maybe he is old and don't want to take risk even though he may favor say WMT than TGT. However, the thing really interesting to me is that if he thinks right now it is a good time to load stocks like KO which can grow quickly for a while with a reasonable valuation. What is your guy's opinion?

By the way, do you know where we can find WB's previous quarterly puchase and sell record?

**grapes** Mon Nov 06, 2006 5:22 pm

I recall that Warren Buffet invested into KO when the company was in trouble even KO had a long history of growth. Maybe same thing can be said to Kmart in 1999. Anyway, that is not what really interets me.

What do you think Warren Buffet's move stands for? Does it mean that he thinks those long term growth company is under value recently? Say JNJ, TGT etc, just like the time he invested in KO in the 80's?

lzhang wrote: Even a layman could tell kmart was not a leading co in the industry, could not compete with wmt or tgt.

PEP was leading KO in 70's. I could not figure out an industry where there is only one major player. I see many industries that the first two major co's flourish

I do not think WEB is too old to do the same thing he has been doing more than 50 years. I have doubt in young people who think he finds new ideas about investment. I do not have doubt in old people who have seen many fads and tides.

grapes wrote: It is hard to generalize. For PEP and KO cases, there are also Walmart v.s. Kmart case.

Maybe he is old and don't want to take risk even though he may favor say WMT than TGT. However, the thing really interesting to me is that if he thinks right now it is a good time to load stocks like KO which can grow quickly for a while with a reasonable valuation. What is your guy's opinion?

By the way, do you know where we can find WB's previous quarterly puchase and sell record?

**yhan** Fri Nov 10, 2006 12:11 am

WB has a great record. buying a BRK share is a good investment in a long run.

**blast_investor** Fri Nov 17, 2006 12:11 am

Retail market is tough market to analyze. It is company by company case.

However, Warren Buffett is the best value investor in the world, his track record speaks for his quality of judgement.