I wish it didn't always come out right around the same time as Warren Buffett's letter because it is such a long (but awesome) read. But beggars can't be choosers! 🤣
It boggles the mind to think of how great it would have been if Buffett could have convinced Truett Cathy to sell two decades ago. But CFA generates so much cash that the family has no need to sell or to raise capital in markets. I rarely eat fast food anymore but if I’m going to, I make it count by picking CFA!
Yeah, as much as I would have loved for Berkshire to buy CFA, I can't blame the Cathy family for not selling. What a business they have built. Writing this post made me so hungry for Chick-fil-A that I went there for lunch yesterday. 🤣
They publish an annual document meant for potential franchisees that includes quite a bit of financial information. It’s simply an incredible business and it is nowhere near saturating the U.S. market. And I’ve yet to meet a CFA employee who’s not polite, whether in a big city or rural America!
Bloomstran has almost 20 % of his portfolio in Dollar Tree and Dollar General, two horrible stocks..I don’t get it. Add Berkshire and he’s at 50 % of assets, that’s pretty concentrated.
I've never really looked at Bloomstran's investments outside of Berkshire. I'll have to keep an eye out in this year's letter to see what he has to say about his other positions.
Oh yeah! Chris annual letter it's like a yearly book on BRK.
I wish it didn't always come out right around the same time as Warren Buffett's letter because it is such a long (but awesome) read. But beggars can't be choosers! 🤣
Np, you can read Chris' letter during the year, xD.
It boggles the mind to think of how great it would have been if Buffett could have convinced Truett Cathy to sell two decades ago. But CFA generates so much cash that the family has no need to sell or to raise capital in markets. I rarely eat fast food anymore but if I’m going to, I make it count by picking CFA!
Yeah, as much as I would have loved for Berkshire to buy CFA, I can't blame the Cathy family for not selling. What a business they have built. Writing this post made me so hungry for Chick-fil-A that I went there for lunch yesterday. 🤣
They publish an annual document meant for potential franchisees that includes quite a bit of financial information. It’s simply an incredible business and it is nowhere near saturating the U.S. market. And I’ve yet to meet a CFA employee who’s not polite, whether in a big city or rural America!
Here’s the latest franchise disclosure: https://www.restfinance.com/app/pdf/fdd/Chick-Fil-A-2023.pdf
Between Buffett's letter, Bloomstran's letter, and now this, it's going to be a busy weekend of reading!
Did not know that on Chick-fil-A, interesting!
Bloomstran has almost 20 % of his portfolio in Dollar Tree and Dollar General, two horrible stocks..I don’t get it. Add Berkshire and he’s at 50 % of assets, that’s pretty concentrated.
I've never really looked at Bloomstran's investments outside of Berkshire. I'll have to keep an eye out in this year's letter to see what he has to say about his other positions.