Moats don't discriminate. They aren't found only among high-profile tech innovators or pharmaceutical companies with new blockbusters drugs. They aren't assigned exclusively to defensive, familiar brand names, either.
Oftentimes, moats can be found in what some would deem less-alluring--even boring--industries. Among trash businesses, for example.
Susan Dziubinski does not own shares in any of the securities mentioned above. Find out about Morningstar's editorial policies.