Warren Buffett, a celebrated lover of junk food, just bought into a national pizza chain whose shares are trading near their cheapest level of the year.
Whosever original idea, Domino's Pizza is in keeping with other, long-standing investments by the sprawling Omaha-based conglomerate.
DPZ YTD mountain Domino's Pizza shares have trailed the S & P 500 this year.
Value bet Domino's fits into Berkshire's value investment philosophy, focused on cash flow and price-to-earnings and price-to-book-value yardsticks.
Pizza wars The pizza chain has struggled with comparable sales growth in the U.S. as competition for cost-conscious customers mounts.
Persons:
Warren Buffett, Buffett, Berkshire Hathaway, Ted Weschler, Todd Combs, Oscar Meyer, Kraft Heinz, Burger King, Tim Hortons, Jeffrey Bernstein, it's, Warren, Bernstein
Organizations:
Kraft, Berkshire, Restaurant Brands, Tim Hortons amd, Barclays Capital, Barclays, CNBC
Locations:
Berkshire, Omaha, McDonald's, Domino's, U.S