McLane Looking to Expand

Dear Client: In his annual letter to investors, Berkshire Hathaway chairman Warren Buffett signaled that he's ready to spend some money on major deals. "We're prepared. Our elephant gun has been reloaded, and my trigger finger is itchy," he wrote. While he's no doubt talking about mega-deals in the billions, we think Buffett's McLane division will be running a slide rule over the financials of smaller wine and spirits distributors, and maybe even beer distributors. Buffett said as much in