What would Buffett buy in Australia?

[Tysonboss1]

How's the growth outlook for new car sales in this environment? I would have assumed poor.....

Most of there new dealer ships are in QLD and WA so I think with the combined effect of their strong economies and perhaps falling interest rates that they should atleast be able to maintain sales, not to mention their transport division is growing strongly with the expansion into refrigerated transport on the east coast.

The main reason I believe buffet would be interested is because it has been way oversold and with a dividend of 14% backed by healthy cash flow and a pe of >5 I think it's a good addition to any portfoilio.

They also have many complementory income streams such as transport, vechicle parts, servicing etc, etc

 

[doctorj]

Perhaps we're asking the wrong question - what is Buffet buying? Why bother trying to emulate, when you can just copy?

http://www.hispanicbusiness.com/finance/2008/10/13/making_money_the_warren_buffet_way.htm
http://economictimes.indiatimes.com...rything_for_investors/articleshow/3588051.cms
http://everythingwarrenbuffett.blogspot.com/2008/10/charlie-rose-interview-with-warren.html