tag:blogger.com,1999:blog-7294165939647321702.post6543416868027000945..comments2024-03-28T13:45:43.362-04:00Comments on <center><a href="http://www.barelkarsan.com">Barel Karsan - Value Investing</a></center>: Dun & Bradstreet: Wide Moat, Low Price?Saj Karsanhttp://www.blogger.com/profile/04493152766022812984noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-7294165939647321702.post-85057599935482974442012-06-28T20:07:19.153-04:002012-06-28T20:07:19.153-04:00Hi PaulD, I do agree with you to some extent.
Hi ...Hi PaulD, I do agree with you to some extent.<br /><br />Hi Taylor, thanks that is some insightful stuff!Saj Karsanhttps://www.blogger.com/profile/04493152766022812984noreply@blogger.comtag:blogger.com,1999:blog-7294165939647321702.post-11955791071644365522012-06-27T11:14:01.787-04:002012-06-27T11:14:01.787-04:00Saj,
Page 12-13 of this document describes the sw...Saj,<br /><br />Page 12-13 of this document describes the switching costs the government would face if they were to cancel their contract with DNB and develop their own identifier system.<br /><br />http://www.gao.gov/assets/600/591551.pdf<br /><br />A good insight into the company's competitive advantage.Taylornoreply@blogger.comtag:blogger.com,1999:blog-7294165939647321702.post-32145577556796497212012-06-21T12:18:05.728-04:002012-06-21T12:18:05.728-04:00Hi Saj, I looked at DNB last year when it was trad...Hi Saj, I looked at DNB last year when it was trading around $61. My conclusion? This has serious potential for value trap written all over it, and the lure for the trap is this idea that DNB has a moat. It once did, true, but it's getting smaller and smaller each year. Mainly because DNB simply won't reinvest in their core assets. Instead they're playing earnings management games, getting rid of talented employees, and just letting their assets dwindle. Granted, they might surprise with some earnings, exceed expectations, and get a big bump...but this is not a long-term, moat-protected stock. Don't fall for the trap. Feel free to look at my write-up here: http://adjacentprogression.blogspot.com/2012/03/dun-bradstreet-dnb-contemplations-on.html<br /><br />Thanks, <br /><br />PaulPaulhttps://www.blogger.com/profile/09331599687091337607noreply@blogger.com