These three exemplary managers have widened their firms' economic moats and created real value for shareholders over the years.
The slow-recovering employment market will need a boost from housing construction and a realignment of worker skill sets to get back to full health, say Morningstar's Bob Johnson and Vishnu Lekraj.
Although the two office-supplies companies could realize meaningful cost synergies, the combined firm would still face enormous competitive pressures, says Morningstar's Liang Feng.
The search giant's first-quarter results underscored the fact that even with Android's explosive growth, Google's bread and butter remains its still-fast-growing advertising business, says Morningstar's Rick Summer.
Despite the big drop in price, Netflix's lack of competitive advantages makes it hard to justify the current valuation, says Morningstar's Michael Corty.
Near-term headwinds pose no long-term setback for the company's low-cost advantages, says Morningstar's Elizabeth Collins.
Experience and expertise keep projects on time and on budget, says CFO Pat Reddy.
Morningstar's Heather Brilliant details our 10-year track record for stocks, particularly the strong outperformance of 5-star names with competitive advantages.
Widening investment-grade credit spreads and rising interest rates lead to losses.
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