Is S&P Global the Best Wide-Moat Financial Stock to Buy Right Now?
You would have a hard time finding a stock in the sector with multiple moats like SPGI.
Is S&P Global the Best Wide-Moat Financial Stock to Buy Right Now?
Overview
Warren Buffett, former CEO of Berkshire Hathaway, popularized the term "moat" to describe a company with secure competitive advantages, as if it were protected by a moat around the proverbial castle.
Many of his stock picks over the years had this competitive moat. But one moat-protected stock that Buffett never owned is Standard & Poor's Global (NYSE: SPGI), and I'm not sure why -- it may be the best wide-moat stock in the financial sector.
Details
Buffett does own S&P Global's major competitor, Moody's, and has for a long time, but I think SPGI is an even better stock, with multiple moats.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.
