“Typically the kinds of stocks that we buy are large very profitable business. Those have been the best opportunities. We’re in a market where you’re not being paid to take on a lot of additional risk. As a result, these kinds of companies are in the sweet spot,”
It’s true that all 3 of these companies have had issues lately, but that doesn’t affect how Yacktman thinks about them. “Only in a very minor way,” he explains.
He goes on to say with many other companies, the outcome is impossible to predict, “but I can tell you you’re going to use Tide and Pampers,” referring to P&G brands.