3 High-Quality Businesses at Fair Prices
Put these wide-moat stocks with positive moat trends on your watchlist.
We've peeled back the "quality" onion before in this column. For instance, we've focused on wide moat stocks with positive moat trends and exemplary stewardship and undervalued wide-moat stocks with superior management. And at any time, Premium Members can access a list of currently undervalued wide-moat stocks here.
Why the obsession with quality? Because we believe that companies with durable competitive advantages--those with wide economic moats--can effectively stave off competition for decades. Specifically, we expect these stocks to out-earn their costs of capital and generate positive economic profits for the next 20 years.
Susan Dziubinski does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.