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A Wide-Moat Firm Trading at a Meaningful Discount

We see significant upside for Compass Minerals.


Seth Goldstein: Wide-moat companies rarely trade at a meaningful discount and with near-term valuation catalysts, but Compass Minerals is one such opportunity.

Compass Minerals' wide moat comes from its low-cost Goderich mine in Ontario. The mine's unique geology features 100-foot-thick salt seams, which are 3 to 4 times the size of most other mines. This allows Compass to mine its salt at a lower cost than competitors, an advantage that will persist decades into the future.

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Seth Goldstein does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.