Investing in a company with a wide economic moat and inexpensive stock valuation would present a solid margin of safety for investors. The stock of Standard Parking (STAN) represents such an opportunity and should be worth a look.
Standard Parking ("Standard") provides parking management, ground transportation, and other parking-related ancillary services to commercial and municipal clients primarily in the US. As of December 2012, the firm provides its services in 456 cities. It manages about 4,300 parking facilities with 2.1 million parking spaces, 262 parking-related service centers in 75 airports, a fleet of 700 shuttle buses, and 136 valet locations.
Standard provides a comprehensive set of parking management services including parking site maintenance, security, revenue collection and expense...
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