| Description |
1 online resource |
| Contents |
Title; Copyright; Dedication; Preface; Acknowledgments; Chapter 1: Guiding Principles of Morningstar's Equity Research; Question 1: How Can We Identify Which Businesses Are Great?; Question 2: When Is the Best Time to Invest in Great Businesses?; Chapter 2: What Makes a Moat?; Moat Sources; Notes; Chapter 3: Why Moat Trends Matter; Moat Trends and Fundamental Performance; Five Key Considerations for Moat Trends; Intangibles; Cost Advantage; Switching Costs; Network Effect; Efficient Scale; Best Practices for Moat Trend Analysis; Chapter 4: How Stewardship Affects Economic Moats |
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Meet Our Stewardship MethodologyDrilling Down; Chapter 5: Applying Moats to Dividend Investing; Why Dividends Matter; Which Dividends?; Chapter 6: The Importance of Valuation; Valuation Concepts; Cost of Capital and Returns on Capital; Morningstar's Valuation Approach; Example: Calculating ROIC; Forecasting Future Free Cash Flows; The Morningstar Rating"!for Stocks; Fair Value Uncertainty and Cost of Equity; Notes; Chapter 7: Do Moat Ratings Predict Stock Returns?; Chapter 8: Putting Moat and Valuation to Work: Portfolio Strategies; Wide Moat Focus Index; The Tortoise and Hare Portfolios |
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Chapter 9: Basic MaterialsCommodity Manufacturers; Commodity Processors; Metals and Mining; Chapter 10: Consumer; Beverages; Consumer Products; Tobacco; Restaurants; Retail Defensive; Specialty Retail; Lodging; Notes; Chapter 11: Energy; Oil and Gas Drilling; Oil and Gas Exploration and Production; Oil and Gas Midstream; Refining; Oil and Gas Integrateds; Engineering Services; Chapter 12: Financial Services; Banks; Capital Markets; Credit Services; Financial Exchanges; Insurance; Chapter 13: Healthcare; Pharmaceuticals; Biotechnology; Medical Devices; Medical Instruments and Supplies |
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Diagnostics and ResearchChapter 14: Industrials; Railroads; Airport Operators; Aerospace and Defense; Trucking and Marine Shipping; Waste Management; Heavy Equipment; Diversified Industrials; Chapter 15: Technology; Consumer Technology; Enterprise Hardware Systems; IT Services; Semiconductors; Software; Telecom Services; Chapter 16: Utilities; Regulated and Diversified Utilities; Independent Power Producers; About the Authors; Index; End User License Agreement |
| Summary |
"Economic moats, referring to the advantages a company has over its competitors, are competitive structures that help great companies continue to be great investments. Stock in a company with a wide economic moat is usually a much safer investment. This book will: Introduce Morningstar's approach to investing Establish the difference between business quality and undervalued stocks Explain economic moat and its network effect, cost benefits, and efficient scales Discuss industry standards for determining moats Help determine what moat means for stock returns and their impact on stock valuation "-- Provided by publisher |
| Notes |
Includes index |
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Print version record and CIP data provided by publisher |
| Subject |
Stocks.
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Investment analysis.
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Corporations -- Finance.
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Business enterprises -- Finance.
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BUSINESS & ECONOMICS -- Finance.
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Corporations -- Finance
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Business enterprises -- Finance
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Investment analysis
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Stocks
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Finance.
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Business & Economics.
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Investment & Speculation.
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| Form |
Electronic book
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| Author |
Collins, Elizabeth, 1979-
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Morningstar, Inc.
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| LC no. |
2014017196 |
| ISBN |
9781118761021 |
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1118761022 |
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9781118760277 |
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1118760271 |
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1118760239 |
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9781118760239 |
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9781322007809 |
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1322007802 |
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