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Featured Stock: Baxter
Baxter's diversification and wide moat shield it from new competition.

10 High-Conviction Purchases by Our Ultimate Stock Pickers
Increased investor inflows and portfolio reshuffling has added breadth to the high-conviction and new-money purchases we've seen so far from our top managers.

Intel, TSMC, and Samsung Are Driving Semiconductor Capital Spending in 2013
We think most chip equipment stocks are fairly valued, but we like a couple of names that have moats.

Was BlackRock's Merger With BGI Worth It?
Heavy and Cheap Mean Valuable Moats
When the Canadian Housing Bubble Pops
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as of 5/20/2013 Valuation
Communication Services 0.92
Energy 0.93
Industrials 1.09
Technology 1.07
>1.0=Overvalued
<1.0=Undervalued
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Exemplary Stewardship, Cheap StockStock NameMorningstar
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Berkshire Hathaway Inc26.36Cimarex Energy Company22.81Noble Energy Inc19.75Spectra Energy Corp17.93Sanofi17.78ITC Holdings Corp17.69Denbury Resources Inc16.54Data as of 05-20-13  
   
       
                    
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