|Last Price$59.97||Day Change (%)0.39%|
|Open Price$59.94||Day Change ($)0.23|
|Day Range59.86–60.27||52-Week Range46.16–61.29|
As of Fri 12/26/2014 05:02 PM EST | USD
AutoNation Drives Toward Online Car Sales
New CEO Realigns Leadership Team at Zimmerman
Buffett will increase the competition for acquisitions, but there are still plenty of opportunities for the publicly traded dealers in this fragmented market, writes Morningstar’s David Whiston.
As credit spreads have tightened on a nearly continuous trend over the past year, they are becoming richly valued relative to their historical average.
The dealers are the only auto sector we cover in which all firms enjoy an economic moat.
Corporate credit spreads are fairly valued--albeit at the tight end of the range that we view as fairly valued.
The corporate bond market will probably struggle to return much above break-even in 2014.
Berkshire is entering the fragmented auto-dealership arena in the latest example of a family-owned business turning to Buffett to secure the company's future.
Equal-weighting has merit, but make sure you measure with the proper benchmark.
Slowing global industrial activity presents compelling long-term investment opportunities among a handful of companies.