Another great analysis of a great business! Morningstar just upgrated the company to wide moat which also shows in the consistency of the ROIC as demonstrated in the video. Stock price has been flat for the past year but growth also still slow so still a bit too the expensive end. However, I have taken a small entry position just because I often find this is a good approach to get into qualiy companies and then add on future dips.
Another great analysis of a great business! Morningstar just upgrated the company to wide moat which also shows in the consistency of the ROIC as demonstrated in the video. Stock price has been flat for the past year but growth also still slow so still a bit too the expensive end. However, I have taken a small entry position just because I often find this is a good approach to get into qualiy companies and then add on future dips.