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-- here of course he's the billionaire investor and you call back in January you didn't think the market would gain a more than five points this year so look at you aiming for the 5%.
But -- isn't he's already up nearly 10% Mario.
In this Fox Business exclusive view the -- roundtable member again co chairman and CEO are -- readjusting.
Your 5% for the year asked him.
Let's step back and say that.
Our argument has been.
From day one this is going to be an extraordinarily exciting -- to find stocks and -- -- enthusiastic all the time because when we look particularly now that we're reading annual reports are coming in droves.
Continue to find great ideas and financial engineering is alive and well Heintz.
Delve these are things that stimulate the -- and the deleveraging that's going on in Europe is gonna continue and it can be potholes like to sort -- you just threw.
That out -- and dealt hi of course Warren Buffett and another big catch on Donna Brazil bought that.
You've got the big battle out for dealt with a lot of the hedge fund guys but how does the average investor participate.
In that kind of activity and make money off that -- -- well they're realistic they could buy one of my merger my non market -- Simple as ABC and it's way to participate in these mergers acquisitions after they're announced our.
But what -- important and that I think all -- -- financial engineering.
Irene Rosenfeld when output Iran's around Cadbury border put into -- and split craft and to craft the cheese company among the -- the global.
Sachs and company.
Now there's speculation that Pepsi -- will take.
Their Frito-Lay merge it into mind the least those are the kinds of dynamics that are exciting to figure out what's gonna happen how to get in front of that curve.
And this is what we like about the market.
Verizon Verizon stock -- close to fifty dollars a share three billion shares a 150 bit but they don't 55% of -- wireless does Verizon Wireless.
And they want to buy the balance from Vodafone so lots of good -- when you mention all of these things I don't hear you sounding worried about cypress at all.
There are the recovery in Europe as fragile there clearly will be some pot holes for the market.
Within the framework there -- three things that are trumping that short term Bernanke.
Drugging and -- the head of the Bank of Japan and -- just pumping money pumping money into the system which makes this an exciting time to pick stuff.
And you are picking to brand new ones you know Mario.
-- around getting tired guarantee -- does some of the other networks but you -- your first to name two.
That our brand new names in the first one involves it -- Frito-Lay because that's one of their customers the well for us and sense well it can.
Men favors and -- -- -- that what you have to look at is the notion of health and wellness how do we take sodium salt out of the diet.
How do we take sugar out of the diet and yet provide the vendors of those products that need the same taste.
IE FF international flavors of -- is located right here on 57 street is eighty million shares the stocks around 75.
Big iron seven dollars and five years that they do nothing but you some cash flowed in -- careful to buy back the stock they're up about 28% your for -- that's a nice run PE a fifteen more to go there.
I not to two days but for five years it's a tough act to follow maybe but little -- tough that's the name of the CEO by the way.
I can edit I get it -- let's go to another pick that you like and by the way we're gonna put these all of on the FaceBook dot com slash was claimant page but.
Churchill Downs of all names right now why is that.
Well you and -- going to be you know law yes some people however will go to to contribute -- they -- the Kentucky Derby they own a lot of racetracks -- terrorists he knows.
Racetracks it can support horsemen breeders and there's an art of sports betting on racetracks -- having gambling.
But in addition to that in addition and by the way this company will -- five dollars a share in the several years.
And they'll have fifteen dollars in cash if they do nothing but there is a material improvement -- -- -- a bet on their parts of speed and online gambling.
They bought a couple of companies in that area.
-- hot so wildcard implicit it is but it's almost like calling your broker and betting on.
Risk on risk off trades a pet let me just quickly as the best and we want to listen to Mario the last time -- he's a billionaire.
But the last time you were here you -- gencorp over two months ago and it's up 21%.
You know what what you tell me to put everything all you have to do is buy a newspaper which is hard to find ticket -- and -- -- hot ball up.
Montgomery and outlook we have a team that does extraordinarily good research Kevin -- Chris Randy on the value side Jeff Jonas -- health care.
How would ward who runs -- -- the underbelly growth funds.
You know we have a team that does this -- though all I do is listen to them sometimes intensely.
Do you ever hang up on them when when -- just so you guys -- gets annoyed he just -- will be on the phone is okay I'm done with you by.
That's not what I do it's just don't like now we we have the partial -- timeline for you I never do that because I have as much time as you want.
Mario cabello all of which is 300 seconds that's very able take -- dividend and income trust is his top funds want to let you know that end I think about about.
Pretty significantly thank you very much always a privilege to be here to see you about how we lost in Omaha -- them about.
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