Diamond Hill Capital Management, LLC - Mid Cap Strategy on Equifax Inc.
Thesis
Diamond Hill initiated a position in Equifax because its proprietary mortgage, employment and other datasets are costly and difficult for competitors to replicate. The data is critical to customer workflows while representing only a small portion of customers' overall costs. Combined with a consolidated industry structure, these characteristics have historically supported strong pricing power and consistent growth.
“the company has historically benefited from strong pricing power and consistent growth.”