Credit ratings agency Standard & Poor's cut its rating on Bed Bath & Beyond (BBBY) late Tuesday to a BBB- level, the lowest that S&P still considers investment grade. S&P warned that it could soon downgrade Bed Bath & Beyond's bonds to junk, if "the company cannot stabilize operating performance in the face of continued intense competition from online retailers."
波克夏傢俱零售業務(四大子公司)
1.Nebraska Furniture Mart
2.RC Willey Home Furnishings
3.Star Furniture
4.Jordan's Furniture
2014傢俱業務營收：約23.8億美元
2015傢俱業務營收：約29.6億美元
2016傢俱業務營收：約31.8億美元
2017傢俱業務營收：約32.4億美金，稅前盈餘年增6.5%
2018上半年傢俱業務，營收年增6%
2017年下列11間零售公司總營收約51億美元，稅前獲利約3.5億美元
傢俱業務：Nebraska, RC Willey, Star, Jordan's
珠寶業務：Borsheims, Helzberg and Ben Bridge
糖果業務：See's Candies
廚房工具：Pampered Chef
派對用品：Oriental Trading Company
機車配件：Detlev Louis Motorrad
Overestimating select manufacturing, service and retail investments
In his 2015 shareholders letter, Warren Buffett highlighted the depth of Berkshire's manufacturing, service and retail operations, noting that some businesses in the firm's portfolio have poor returns, and he considers those serious mistakes.
"In most of these cases, I was wrong in my evaluation of the economic dynamics of the company or the industry in which it operates, and we are now paying the price for my misjudgments," he wrote. "At other times, I stumbled in evaluating either the fidelity or the ability of incumbent managers or ones I later appointed."
What you can learn from Buffett here is not to jump into investments blindly. If you're not intimately familiar with a company, pass on it or seek advice from a trusted expert.
