And his purchase is consistent with the Warren Buffet methodology. He finds things that he feels still has some value to the upside with limited risk to the downside.
In fact that philosophy is evident in Buffet’s other recent purchases, which include US Bancorp (USB), Wellpoint (WLP), Johnson & Johnson (JNJ), Well Fargo (WFC) and UnitedHealthcare (UNH).
Personally, I think all his picks are very strong, adds Pete Najarian. If I had to chose one of them, I’d go with Well Fargo.
> Read more "Buffet Buys $2.1 Billion In TXU Junk Bonds"
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Trader disclosure: On Dec. 3, 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Macke Owns (ATVI), (DIS), (COH); Najarian Owns (ETFC); Najarian Owns (COP) Options,(HANS) Options, (TSL) Options; Finerman's Firm Owns (SKS), (TSO), (WMT), (CROX), (KSS); Finerman's Firm Owns (MSFT) Options; Finerman's Firm And Finerman Own (GS); Finerman's Firm Owns (AEO); Finerman's Firm Is Short (BIG), (LEN), (MBI), (SPY), (IYR), (IWM), (IJR); Finerman's Firm Is Short (LEH) And Owns (LEH) Puts; Finerman's Firm Owns Russell 2000 Puts; Finerman's Firim Is Short (MDY) And Owns (MDY) Puts