Who's Got Real Pricing Power?
Jordan Opportunity manager Jerry Jordan says overcapacity has led to a deflationary environment, making true pricing power from patents or market dominance critically important.
Ryan Leggio: The other secular theme you are working off of right now is companies that have pricing power. Can you talk a little bit about how you arrived at that secular theme?
Jerry Jordan: Essentially, since 1998--I know that seems crazy--but since 1998, in the Russian debt crisis, the Asian debt crisis, that was sort of the tipping point for the globe in terms of tipping from a mildly inflating world to a mildly disinflating world. And I think we're heading into more of a deflationary world.
Ryan Leggio does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.