Warren Buffett says he is searching for a $20-billion (U.S.) investment for his flagship firm, Berkshire Hathaway Inc. As a public service, we dug through the S&P/TSX 60 in search of the company that most closely fits Mr. Buffett’s investment style. We found Shoppers Drug Mart.
Here’s our reasoning. A long-time disciple of Benjamin Graham, the father of value investing, Mr. Buffett deviated from his mentor in at least one big way. Instead of focusing on buying balance sheet assets at bargain prices, Mr. Buffett likes to invest in companies with an ability to consistently generate cash flow with a minimum of ups and downs.