Warren Buffett’s and Morningstar’s moat classifications

Evaluate the economic moats of [Insert Target Company or Industry Leader] using Warren Buffett’s and Morningstar’s moat classifications (Network Effects, Intangible Assets, Cost Advantage, Switching Costs, Efficient Scale). Grade each potential moat on a scale of 1-10. 

Then, act as an activist investor and write a 3-paragraph memo detailing exactly how a well-funded competitor could breach their strongest moat.