Just the best stock from a consensus of experts. Find out more and how to subscribe. These are good stable businesses that, for the most part, continue to create increased economic profit and shareholder value. These are companies that you can buy and hold for a long period of time and generate above-average returns, in our opinion. The business models are solid.
Regulation is an issue to understand and watch closely, but it s also a very good barrier to entry.
Whenever you re dealing with companies that have high returns on capital and strong, free cash flow, you re going to have new market entrants, and you need some type of barrier. First, most of these companies continue to perform at or above our expectations. There will be an occasional issue that pops up for one of these companies, but in general, the end of 2000 was really a very solid quarter, with most of the companies raising their guidance going forward. Investors are making an investment in a fundamentally strong industry with solid business models and above-average management teams. Second, you have the excitement and growth opportunities of the Internet.