Komatsu Ltd ADR

The company is uniquely positioned to help fleets reach fuel economy and labor efficiency goals.

We think brand development and investment in design will keep it far ahead of rivals.

One new stock under coverage earned a narrow moat in January, while four other firms experienced fair value increases of more than 10%.

A reset in the commodity market has pressured returns, but we think the firm's advantages are intact.

Following Cat's fourth-quarter results, in line with our forecast, our fair value estimate remains $94.

A nice showing for most shareholders in 2013, but problems weren't hard to find.

The industrial sector continues to enjoy decent U.S. growth, but slowing in China and Europe is a near-term concern.

As macroeconomic issues whipsaw the markets, bottom-up stock-pickers roll up their sleeves.