Yeah, unusually for Ted/Todd picks, I like at least two out of the three.

With Domino's you have to account for some gearing but they have an impressive return on capital and they throw off a lot of free cash flow. They've relentlessly reduced the share count since 2013, by almost 40%. Pool Corp has very good returns on equity and capital though the buybacks haven't been at the same scale.

I don't really get why T or T likes Constellation instead of, say, Diageo. I own a basket of hi-proof stocks: STZ, BF-B, DEO, RI, MC, rebalance a little if anything looks more expensive or out of favor. The overall economics of the sector have been pretty good, historically, though that may be less true in the near future. I've been meaning to take a look at Kweichow Moutai, which I think Monsoon Pabrai owns.

Berkshire Hathaway FAQ

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