Home Depot – Assessing the moat

The Home Depot, Inc. is a home improvement retailer that sells building materials and home improvement products. The Company sells a wide assortment of building materials, home improvement and lawn and garden products, and provides a number of services. Home Depot operates throughout the United States, Canada, China, and Mexico. Home Depot currently encompasses ~24% […]

MCO – Capital Light Compounder

Moody’s corporation is a credit rating, research and risk analysis firm. The company provides credit ratings and related research, data and analytics tools, quantitative credit risk measures, risk scoring software and credit portfolio management solutions and securities pricing software and valuation models. Core driver 1 – A Sustainable Competitive Advantage Moody’s benefits from significant bargaining […]

CME (Buy) – A Capital Light, Unregulated Quasi-Monopoly

CME operates a derivative exchange that allows the trading of futures and options contracts (although has recently expanded into cash trading) for a variety of asset classes including interest rates, stock indices, energy, agricultural commodities, precious metals and foreign exchange. There are two core competitive advantages that CME benefits from, underpinning compounding earnings growth over […]