|Last Price$63.00||Day Change (%)2.27%|
|Open Price$61.60||Day Change ($)1.40|
|Day Range61.60–63.15||52-Week Range46.16–64.95|
As of Fri 3/27/2015 5:55:00 PM | USD
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.
The corporate bond market will probably struggle to return much above break-even in 2014.
Corporate credit spreads are fairly valued--albeit at the tight end of the range that we view as fairly valued.
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.
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.