In a monopoly situation, the one firm is ultimately the industry itself. A market that is a monopoly cannot be entered because the costs are too high. Additionally, other qualities can be involved in a monopoly beyond high, restricting ongoing costs. These qualities may be economic, social or political.
Exclusive rights to a natural resource is another possible example of a monopoly, as is the ownership of patents or copyrights.
An example of a monopoly was Teranet Income Fund, before it was taken over in 2008. Teranet managed Ontario’s electronic land registration system. Teranet was granted an exclusive license from the Ontario government to operate the land registry system. Teranet’s guaranteed monopoly cut its risk and provided steady cash flow. The fund’s growing customer base would also eventually help protect it from new competitors when its license expired. As well, customers used to Teranet’s products were reluctant to switch to an unfamiliar information provider.
Monopolies are an example of the extreme side of capitalism. The opposite of a monopoly is considered perfect competition.
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VITERRA INC., $15.91, symbol VT on Toronto, has agreed to a friendly takeover offer from Switzerland-based commodity trader Glencore International plc. The purchase price is $6.1 billion, or $16.25 per Viterra share.
As part of the deal, Glencore will sell a number of Viterra’s assets, including… Read More
VITERRA $14.65 (Toronto symbol VT; TSINetwork Rating: Average) (1-866-569-4411; www.viterra.ca; Shares outstanding: 371.7 million; Market cap: $5.4 billion; Dividend yield: 1.0%) is up almost 31% since the company said it has received expressions of interest from unnamed parties interested in taking it over.
The stock was… Read More
VITERRA INC., $13.58, symbol VT on Toronto, jumped almost 21% today after the company said it had received expressions of interest from unnamed parties interested in taking it over.
Viterra is a Saskatchewan-based agribusiness that mainly operates in Canada and Australia. The company accumulates, stores, transports,… Read More
VITERRA $14.65 (Toronto symbol VT; TSINetwork Rating: Average) (1-866-569-4411; www.viterra.ca; Shares outstanding: 371.7 million; Market cap: $5.4 billion; Dividend yield: 1.0%) is up almost 31% since the company said it has received expressions of interest from unnamed parties interested in taking it over.
The stock was… Read More
VITERRA INC. $10.09 (Toronto symbol VT; TSINetwork Rating: Average) (1-866-569-4411; www.viterra.ca; Shares outstanding: 371.7 million; Market cap: $3.8 billion; Dividend yield: 1.5%) is a Saskatchewan-based agribusiness that mainly operates in Canada and Australia. The company accumulates, stores, transports, processes and markets grains, oilseeds and specialty… Read More
VITERRA INC. $10.09 (Toronto symbol VT; TSINetwork Rating: Average) (1-866-569-4411; www.viterra.ca; Shares outstanding: 371.7 million; Market cap: $3.8 billion; Dividend yield: 1.5%) is a Saskatchewan-based agribusiness that mainly operates in Canada and Australia. The company accumulates, stores, transports, processes and markets grains, oilseeds and specialty… Read More
HEWLETT-PACKARD CO., $35.98, New York symbol HPQ, reported better-than-expected quarterly results this week.
However, the company also warned that its earnings growth could slow in the current quarter, because more consumers are switching to tablet computers like the Apple iPad. That’s hurting sales of laptop… Read More
Petroleo Brasileiro S.A. ADRs, $33.08, symbol PBR on New York (Shares outstanding: 2.5 billion; Market cap: $83.9 billion), commonly known as Petrobras, is an integrated petroleum company that operates in Brazil and other parts of South America. It’s now expanding into North America and Europe.
The… Read More
When you join my Inner Circle service, you get my investing advice on your own personal investment questions, plus you get to see what other Inner Circle members have asked, along with our answers.
So you can get a sense of how our service works,… Read More
When you join my Inner Circle service, you get to ask me your own personal investment questions, plus you get to see what other Inner Circle members have asked, along with our answers. So you can see how the service works, and get a sense… Read More
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