Warren Buffett Finances Candy Maker – Betting on Old School Eating Trends

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) April 29, 2008 --

POINT ROBERTS, Wash., Delta B.C., April 29, 2008 - www.InvestorIdeas.com, a leading online global investor resource covering over 30 sectors including environmental and food and beverage, features a report on trends in organic, natural foods as Warren Buffett makes headlines financing Mars Inc. is purchase of confectioner Wm. Wrigley Jr. Co. (NYSE: WWY) for an estimated $23 billion in cash. With the growing trends of consumers going back to basic, healthy organic food, Investorideas.com poses is Warren finally wrong for the long term, or will the sugar addicts continue to consume Snickers and Skittles over an organic apple?

Warren Buffett, an admitted sweet tooth, buys what he knows and he knows sugar and candy. Berkshire Hathaway Inc. will purchase a $2.1 billion minority equity interest in the Wrigley subsidiary and offered $4.4 billion of subordinated debt to fund the purchase.

Investorideas.com founder Dawn Van Zant reports. “As a former life long sugar addict that thought candy was equivalent to happiness, I lived with the same foggy sugar brain and would have applauded this venture up until recently. Last year I woke up out of my sugar coma and found the benefits of organic food, so as much as I respect Mr. Buffett, I am hoping he is wrong with this one.”

According to recent research by RedOrbit.com “One of the few certain and consistent trends for American grocers has been the growing popularity of organic food; in fact, from 1997 to 2006, sales of organic food have grown by nearly 80 percent to $17.7 billion.”
Read Article: Click here

According to the Organic Trade Association (OTA), a membership-based business association for the organic industry in North America, the Canadian organic market is booming with annual growth above 20%.
As of Market close, April 28th. 2008- Sugar wins for the day…

William Wrigley Jr. Co. (WWY) spiked like an insulin high to $76.91, up $ 14.46 (23.15%) http://www.wrigley.com. http://www.mars.com.
Berkshire Hathaway Inc. (BRK-A) closed at $128,460.00, up $1,585.00 (1.25%) on the day.

Full News Release: http://www.investorideas.com/News/042908a.asp


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