I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. I can buy Unilever shares at a lower price than Warren Buffett would have paid! Four years ago this month, Unilever (LSE: ULVR) rebuffed a Warren Buffett-backed bid for the company. The offer valued it at £40 a share. Subsequently, the Unilever share price went on to make an all-time high of £52 in the summer of 2019.Today, I can buy Unilever’s shares at a lower price than Buffett was willing to pay. At sub-£40, they’re also at a 24% discount to their all-time high. Here, I’ll discuss why I’d buy the shares at this level. I’ll also look at the potential risks to my investment case.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Warren Buffett rebuffedKraft Heinz, backed by its 50% owners Buffett and 3G Capital, approached Unilever with an initial £40-a-share offer price. However, Unilever had no interest in being acquired.According to the Financial Times, the Unilever team studied 3G’s modus operandi in previous takeovers, and concluded Kraft Heinz “would try to seem as friendly as possible and then increase its bid in increments until there was sufficient pressure from Unilever investors“.This suggests Buffett would have been willing to sanction an offer of even more than £40-a-share. However, Unilever’s board moved quickly to nip Kraft Heinz’s approach in the bud. It publicly stated it saw no merit in the offer and no basis for any further discussions.Buffett has an aversion to doing hostile takeovers, and he and 3G boss Jorge Lemann made the decision for Kraft Heinz to withdraw its proposal.Unilever share price better than fairOne of Buffett’s famous sayings goes: “It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price”. That Kraft-Heinz’s £40-a-share approach for Unilever was an initial offer suggests to me sub-£40 a share represents a better than fair price for a wonderful company.Buffett’s readiness to acquire Unilever for £40 a share, and possibly at a higher price, is one reason I’d be happy to buy the stock at its current level.Historically cheapI can see a couple of risks in buying Unilever based on the Buffett share price. First, his valuation of the company could have been wrong — that’s to say, too high.It’s a risk. But I find it hard to believe Buffett, 3G’s Lemann, and the UK’s Nick Train (who was adding to his Unilever shareholding in 2017) were all significantly off the mark in their assessment of the intrinsic value of the business.Another risk is that they were right, but Unilever has become intrinsically less valuable in the four years since. However, I can’t find see any evidence for this. It’s more profitable and cash-generative than in 2017.Its underlying operating margin has expanded from 15.3% to 18.5% over the four years. Earnings per share have increased by 32% and free cash flow by 60%. I’d say Unilever is a more valuable business today than when Buffett placed his £40-a-share sighting shot on the company.Trading at an historically cheap 18.4 times trailing earnings, with a free cash flow yield of 6.4% and dividend yield of 3.7%, I’d be happy to buy Unilever at its current share price. I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Image source: The Motley Fool G A Chester | Wednesday, 17th February, 2021 | More on: ULVR G A Chester has no position in any of the shares mentioned. The Motley Fool UK has recommended Unilever. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. “This Stock Could Be Like Buying Amazon in 1997” Our 6 ‘Best Buys Now’ Shares See all posts by G A Chester Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Enter Your Email Address Simply click below to discover how you can take advantage of this.
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