Why See’s Candies Was Warren Buffett’s Best Deal

Of all the companies in the Berkshire Hathaway empire, See’s Candies has to be the most fascinating from an investment perspective. This enterprise was one of the first businesses acquired by Warren Buffett in 1972 for $25 million. For this year, the group generated roughly $30 million in sales and brought in $4.2 million of operating profit or $2.3 million post-tax meaning Buffett paid around 11 times earnings for the business. Following in the footsteps of Warren Buffett with Hidden Value Stocks At the time, the acquisition was a departure from the norm for Buffett who had, up until this…