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The sellers wanted $30 million for the business (after accounting for $10 million of cash on the companys balance sheet), and Munger thought that was a reasonable price given its competitive position: Sees has a name that nobody can get near in California Its impossible to compete with that brand without spending all kinds of money . But despite Mungers enthusiasm, Buffett concluded that he wasnt willing to pay a penny more than $25 million for the business, a price that implied a low double digit multiple of Sees after-tax earnings (three times net tangible assets made me gulp)

and (c) prohibiting smoking within 25 feet of outdoor dining areas and bar establishments offering food, and within 40 feet of any mobile food vendors, and at bus stops in unincorporated communities across the county

Oral mucosal lesions and risk habits among men in an Italian study population

dividends might help you take more informed decisions

Both were taken for medical evaluation and placed in segregation

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