Subject: OT: Nestle (NSRGY)
Some smart BRKB holders have owned Nestle forever: First Manhattan, Guy Spier, Tom Russo etc.

Chart is horrible and the negatives are well known (coco prices, less pricing power, sluggish volumes) but this global blue chip has gotten very cheap. Rare.

Remember they invest like crazy and have the capacity to suffer and reported earnings are understated.

Balance sheet is pristine.

NEVER could duplicate with reach into 169 countries and have encountered distress for 150 years and continue to punch out profits and high ROIC.

Views?