Is Warren Buffett eyeing Scripps Networks?

Knoxville-based lifestyle media company Scripps Networks Interactive is exactly the kind of
scripps2_asb_13138.jpgcompany that financial guru Warren Buffett likes to buy, investment strategist David Trainer writes in a MarketWatch article.

“(Buffett’s) interest in media/publishing stocks is grounded in the superior economic earnings these businesses can achieve. And SNI, with a 21% return on invested capital (ROIC), exhibits the kind of scale that Mr. Buffett knows leads to superior economic earnings,” Trainer says.

He also notes that Scripps Networks and Clayton Homes, which Buffett bought in 2003, are both headquartered in the Knoxville area.

David Trainer: Front run Buffett: Buy SNI before he does

Photo: Scripps Networks headquarters in West Knoxville. (News Sentinel archives)