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Ep 390. The Omaha Experience: Our Take on Berkshire’s AGM

Focused Compounding

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Occidental's Preferential Stocks

Occidental has reduced their preferred. He said, which we don't like, but we'd be disappointed in them if they didn't reduce it. We've got maybe 400 to 500 million retired at 110% of par. There's much more upside in the common stock if the business is desirable. Do you think Occidental is desirable at these levels? I have it pulled up on the screen on QuickFS. EV2 sales 1.9 times 10-year median margins on EV2 at 16.1. EV2 for cash flow 5.6.

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