|Last Price$106.50||Day Change (%)-0.47%|
|Open Price$107.22||Day Change ($)-0.50|
|Day Range105.69–107.74||52-Week Range98.04–126.49|
As of Fri 4/24/2015 5:28:00 PM | USD
Trains Must Climb A Steeper Grade
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.
We are concerned about a slow start to U.S. light-vehicle sales this year, but we expect improvement once the cold abates.
Class I railroads have cost advantages and scale efficiencies that give them a competitive edge over lesser players.
Widening investment-grade credit spreads and rising interest rates lead to losses.
Railroads bolstered our confidence in the persistence of excess returns via solid performance through the recent recession and coal weakness.
The author does not own any of the stocks or funds mentioned above.
Get our sector-by-sector take on the bond market, plus our five best bond ideas.
There is a small number of high-quality industrials-sector ETFs from which to choose.