No. of Recommendations: 3
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.
