Post #191 by Lear on the Falling Knives board

Investment Strategies / Falling Knives

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Hard to go broke selling Johnnie Walker and Tanqueray.

Thoughts on fair value? I've looked at in the past and never bought on valuation concerns, and my impression re: the drop is the same as yours -- even with the pullback, it still seems a tad pricey. Modest expectations for growth going forward, etc., and that's assuming they don't revise downward again at some point. Getting closer though.

I don't piggyback, but note that BRK was buying (an admittedly very modest position) at $179 a few months back. Currently trading at around $142, after the selloff.

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