Brown-Forman Corp Class B

Several cases can be made for buying what seem to be fairly valued high-quality stocks.

Managers from Dodge & Cox, Diamond Hill, Oakmark, and BBH bought energy companies, an online retailer, and a premium spirits producer--among others--last quarter.

The maker of Jack Daniels' substantial brand should help it leverage pricing to offset tariff pressures longer term.

These wide-moat stocks with stable moat trends and low uncertainty ratings keep surprises to a minimum.

There is considerable uncertainty around what retaliatory tariffs against American spirits would mean for the firm, and we see shares as overvalued.

Despite near-term challenges, we see substantial opportunity in the above-premium whiskey market and contend that the wide-moat company will be a beneficiary of strong consumer demand for higher-end spirits.

Corporates are likely to struggle during the next few months as investors attempt to anticipate when and how quickly the Fed will taper its asset purchases and the subsequent bond market reaction, says Morningstar's Dave Sekera.

BBH Global Core Select manager Tim Hartch avoids currency hedging so he can eliminate complexities in managing the portfolio and maintain a focus on stable underlying businesses.

Headwinds surrounding raw material inflation and regulatory oversight fail to stem strategic actions, as consumer defensive firms look to enhance the value proposition for shareholders.

Get our sector-by-sector take on the bond market, plus our five best bond ideas.

As the Fed is flooding the markets with liquidity, market-implied inflation expectations soar higher.

The usual suspects of cost inflation and soft consumer spending have yet to move out of the spotlight, but rather than sitting still, consumer product firms are pursuing different tactics to drive value.

While Brown-Forman's iconic Jack Daniel's brand is the cornerstone of its wide moat, we believe the firm's shares are currently overvalued.

While emerging markets remain a key growth driver, we're noticing a growing dichotomy among consumer defensive firms with regard to pricing and profitability.

Sanibel Captiva's Pat Dorsey questions whether some boards of directors can remain truly independent and make the tough decisions for the sake of shareholders.

Credit spreads have now recaptured one half of the spread widening because of the most recent sovereign crisis.

Consumers' confidence hasn't reached their wallets yet.

While not immune, many alcohol stocks are weathering the economic hangover.

2008 exposed weaknesses in analysis, not philosophy.

2008 exposed weaknesses in analysis, not philosophy.