Regulatory Moat
Tagged analyses
CMEA toll bridge on global rates and commodities, priced as if the bridge keeps widening.
Hold · 2026-05-03
EFXOligopoly bureau with a workhorse in Workforce Solutions, but priced for sunshine.
Hold · 2026-05-04
WMNorth America's irreplaceable landfill toll bridge, currently priced for the bridge plus a tip.
Hold · 2026-05-05
LVSTwo-asset casino oligopolist priced at twice intrinsic value; pass.
Avoid · 2026-05-04
ELVCheap BCBS licensee with eroding economics; statistical bargain, not a compounder.
Hold · 2026-05-04
AEPFairly priced regulated utility — own only on a 25% pullback.
Hold · 2026-05-03
ERIEA toll bridge on a mutual insurer — fee-only, asset-light, and finally not expensive.
Buy · 2026-05-04
ESSIrreplaceable West Coast apartment portfolio at half of conservative intrinsic value.
Buy · 2026-05-04
LDOSSolid government IT contractor priced like a software platform.
Avoid · 2026-05-04
CCitigroup is a turnaround bet, not a Buffett-grade compounder.
Hold · 2026-05-03