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4 Reasons to Clean Up With This Moat Stock

Although currently overvalued, this company has a long runway for growth and is an ideal name for investors' radars.


Barbara Noverini: Stericycle is a great example of a wide moat that developed in an industry that’s protected by regulatory barriers to entry. It's the largest pure play medical-waste-management company in the world, and we believe its wide moat is composed of four main sources.

The first is company's valuable intangible assets, which are regulatory permits that allow the company to collect and properly dispose of medical waste, from large-quantity generators, such as metropolitan hospital systems, or small-quantity generators, such as private medical practices.

Barbara Noverini does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.