long consolidation, page-19

Happy holder of CCL since acquiring it in 2002 for < $5 :)

It is and continues to be the real thing - far better than cash in the bank over the long term.

I have rated Brambles in this category as well... more noise around BXB than CCL though which is evidently affecting sp.

They are, as the oracle says, both excellent moat businesses.. sometimes the castles will be under siege, but any competitor is going to have to cross the moat first!

WOW too is a good moat business. BHP / RIO over time must also be considered Moat businesses, their moat being the never ending stream of rock bearing land they seem to have.