1. Within his circle of competence, basically industries he could understand AND predict several years out;
2. Companies with enduring competitive advantages in industries with favorable economics, which require circle of competence in the first place to be identified;
3. Competent management with integrity;
4. A reasonable price for the stock.
All those "Buffett screens" merely looks for the least important Buffett criteria. You have to do the homework for the rest.
A Warren Buffett Stock Screen [View article]
1. Within his circle of competence, basically industries he could understand AND predict several years out;
2. Companies with enduring competitive advantages in industries with favorable economics, which require circle of competence in the first place to be identified;
3. Competent management with integrity;
4. A reasonable price for the stock.
All those "Buffett screens" merely looks for the least important Buffett criteria. You have to do the homework for the rest.
Dividend Aristocrats: Top Dividend Growers [View article]
PFE has a lousy pipeline, but it also has $22 billion in cash and there are tons of depressed biotech stocks out there.