GuruFocus Updates 27 July 2011 Featured 130 Comments

By guruhl. Chuck Akre mentions just two stocks in his second-quarter letter to investors: American Tower (AMT) and MasterCard (MA). Operating businesses with real pricing power that continue to grow and compound their real economic value per share at above-average rates, he believes, are the best places to store assets right now. He calls American Tower’s business model “one of the very best” and says MasterCard “is a superb business with significant pricing power.” American Tower Corporation (AMT) Read more » »