PD, Buffett comments get used way too much. I agree with that...

PD,
Buffett comments get used way too much. I agree with that but I can't imagine why a PE of 6 is not attractive.

I use Joel Greenblatts formula (because I am not able to pick stocks) and his formula is based on Buffett-type criteria. The formula spat this stock out when it was much higher in price than this so in my roundabout way of saying stuff, this stock makes the grade.......Doesn't mean it won't go down. In fact my analysis done before I started applying the Greenblatt formula beat the market by 20% and half of the stocks selected by the formula went down....The best formula I have tested is a loser half the time.
If I could interpret warnings signs and value businesses, I would be a better investor, but my record is not too shabby.