Competive Edge Stocks
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In the July issue of the AAII Journal, the journal features a screen focusing on: Stocks With a Competitive Edge. According to the article, the thinking behind this featured screen is:
"Earnings are dependent on the ability of a company to convert sales into profits. Converting a large and growing proportion of sales into earnings often points to firms that have a competitive advantage, due to brand-name loyalty, a limited niche, or even patent protection. The First Cut this issue screens for companies turning a larger percentage of sales into gross profits, operating profits and net profits."
Read the full article: http://disciplinedinvesting.blogspot.com/2009/07/competive-e...
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