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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: John Langston who wrote (3200)	2/11/1998 10:33:00 AM
From: Honest Abe	Read Replies (1) \| Respond to of 78595

First, I think it should be easier to find the next consumer monopoly than the next toll bridge. The latter is more of a true monopoly than the former. So, how to find the next consumer monopoly? I'd follow Peter Lynch's "Beat the Street". Find a company that makes a product you can't do without, but the rest of the world hasn't discovered it yet. Then, see if that company's growth rate, ROE, etc. are consistently going up. Of course, it is easier to find a consumer monopoly than the next consumer monopoly, and it is easier to find good financials with a consumer monopoly than the next consumer monopoly. I'm guessing that your concern is all the consumer monopolies right now are just too expensive. I simply plan to wait until I find one that's not.