Unilever cheaper than 2017 when Buffett and his pals tried to buy it.

. USD strength makes it even cheaper for US investors
. Mid teen multiple
. 4% divided yield
. Large emerging markets footprint
. Inflation pricing power to an extent but it’s no PG
. Management seems hungry to do big acquisitions with debt is a concern but that could be assessed should it happen

Certainly looks like a safe and boring investment currently to sit on for 20 or 30 years. I might buy some next week.

Seemed a little pricey for Buffett to me but maybe he thought 3G would wring out costs.


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