Subject: Re: Nestlé
Hi DTB.

The auto industry is in the too hard pile for me esp with all the BYD adverts we have on TV over here in the UK ATM and a new dealership opening nearby, advert features what looks like an amazing vehicle for 10k less than an equivalent Audi / Volkswagen and 700 mile range! Which must be best in class.

On top of that we have Teslas everywhere and far less Volkswagens. (We have an Audi and Volkswagen in our household and love the product)

I like Nestle with stable cash flows, valuation and the fact they are looking at costs, organic growth and buybacks as a three pronged strategy. It's like comparing apples and oranges IMO.

I recently purchased OXY @ 50, I don't normally invest in oil either but I did a lot of research to try and unpick why Buffett would like it at $60+ and it makes a lot of sense to me. Eg average oil prices going forward, amazing assets and fantastic management /capital allocation.

I can't get to grips with Volkswagen nor DG in my opinion.

My IV for Nestle is $140ish and Oxy c$85-90 so nice discounts on both atm. Although OXY is now up c5%