|Last Price$107.61||Day Change (%)1.31%|
|Open Price$106.97||Day Change ($)1.39|
|Day Range106.40–107.81||52-Week Range71.86–107.81|
As of Tue 07/22/2014 03:44 PM EST | USD
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.
Locomotives Derail, Burn Near Pittsburgh
Class I railroads have cost advantages and scale efficiencies that give them a competitive edge over lesser players.
We are concerned about a slow start to U.S. light-vehicle sales this year, but we expect improvement once the cold abates.
Railroads bolstered our confidence in the persistence of excess returns via solid performance through the recent recession and coal weakness.
Widening investment-grade credit spreads and rising interest rates lead to losses.
This article represents opinions of the author and not those of his firm and are subject to change from time to time and do not constitute a recommendation to purchase and sale any security nor to engage in any particular investment strategy. The information contained here has been obtained from ...
Wall Street expects 3Q will be the first down quarter of earnings in the recovery, but the U.S. economy should pick up some global slack, says Morningstar's Bob Johnson.