European Equity and Credit Research Conference Preview
A look at some high-quality names in advance of our Paris investor gathering.
On May 25, 2011, Morningstar will be hosting its inaugural European Equity and Credit Research Conference at the Le Meurice hotel in Paris. Although it is an abbreviated event compared to our annual Stocks Forum in Chicago, we have invited a variety of high-quality, wide- and narrow-moat companies for investors to consider. In advance of the event, we would like to preview some of the participating firms that look attractive to us today.
Before delving into the companies' stories, it's important to understand Morningstar's investment approach. We think buying wide- or narrow-moat stocks at a discount is a great long-term strategy. By following this strategy, investors can own a piece of a business with strong competitive advantages that we expect to earn excess returns on capital well into the future. At the same time, investors benefit from additional stock price appreciation as the market recognizes that underlying value.
Jeremy Cohen does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.