Competitive advantages have improved for Mead Johnson, while De La Rue's moat was downgraded to narrow and POSCO was deemed a no-moat company.
In an excerpt from their new book, Morningstar's Heather Brilliant and Elizabeth Collins explore how to identify a moat and how intangible assets can help a firm carve out a sustainable competitive advantage.
In this second excerpt from their new book, Morningstar's Heather Brilliant and Elizabeth Collins detail how companies leverage cost advantage and switching costs to their benefit.
In this final excerpt from their new book, Morningstar's Heather Brilliant and Elizabeth Collins examine how companies can build competitive advantages around network effect and scale efficiency.
These reader favorites may be most appreciated long after the holidays are over.
Cyprus-related fears, a China slowdown, and momentum factors are likely behind the recent drop in gold, says Morningstar's Elizabeth Collins .
Morningstar's Matt Coffina and Elizabeth Collins discuss how our moat committee distinguishes companies with moats, and they offer examples of stocks that carry these competitive advantages.
Roundtable report: Morningstar strategists offer up their best ideas for a fully valued, low-yield market with few attractive choices.
Companies with fortified moats can stave off competition and tend to have better risk-adjusted returns than the broader market.
An economic moat provides a gauge of a company's competitive advantages and overall strength, and it is a highly valuable tool for investors of all levels.