Morningstar's Matt Coffina looks back on some recent missed opportunities and what he learned from them--also, a couple of stocks he's glad he avoided.
Chinese real estate, a big driver of demand for industrial commodities, is likely to weigh on the country's GDP growth in coming quarters.
Its position in the Powder River Basin gives the firm a narrow moat.
We think Cloud Peak is the best way to play a rebound in PRB coal prices.
Improved demand should underpin stronger potash and PRB coal markets in 2014.
We don't see the recent share price declines for metals and mining producers as a buying opportunity on average.
As credit spreads have tightened on a nearly continuous trend over the past year, they are becoming richly valued relative to their historical average.
Corporate credit spreads are fairly valued--albeit at the tight end of the range that we view as fairly valued.
Basic materials companies are in a period of very mixed near-term outlook in terms of end-market demand.
Lower commodity prices and a break-up of the European potash cartel have weighed on basic materials stocks year-to-date.