Best Warren Buffett Stocks To Own For 2014

We'd all like to invest like the legendary Warren Buffett, turning thousands into millions or more. Buffett analyzes companies by calculating return on invested capital, or ROIC, to help determine whether a company has an economic moat -- the ability to earn returns on its money above that money's cost.

In this series, we examine several companies in a single industry to determine their ROIC. Let's take a look at Exelon (NYSE: EXC  ) and three of its industry peers to see how efficiently they use cash.

Of course, it's not the only metric in value investing, but ROIC may be the most important one. By determining a company's ROIC, you can see how well it's using the cash you entrust to it and whether it's actually creating value for you. Simply put, it divides a company's operating profit by how much investment it took to get that profit. The formula is:

Best Warren Buffett Stocks To Own For 2014: Janus Capital Group Inc (JNS)

Janus Capital Group Inc., and its subsidiaries (JCG), incorporated on January 23, 1998, provide investment management, administration, distribution and related services to financial advisors, individuals and institutional clients through mutual funds, other pooled investment vehicles, separate accounts and sub advised relationships (collectively referred to as investment products) in both domestic and international markets. JCG provides investment management competencies across a range of disciplines, including fundamental the United States and global equities (growth and value), mathematical equities, fixed income and alternatives through its subsidiaries, Janus Capital Management LLC (Janus), INTECH Investment Management LLC (INTECH) and Perkins Investment Management LLC (Perkins). JCG's investment products are distributed through three primary channels: retail intermediary, institutional and international.

The institutional channel serves the United States corporations, endowments, foundations, Taft-Hartley funds and public fund clients and focuses on distribution direct to the plan sponsor and through consultants. As of December 31, 2012, assets in the institutional channel totaled 24% of total Company assets under management. The international channel primarily serves professional retail and institutional investors outside of the United States, including central and local government pension plans, corporate pension plans, multi-managers, insurance companies and private banks. International products are offered through separate accounts, sub advisory relationships and Janus Capital Funds Plc, a mutual fund trust. As of December 31, 2012, assets in the international channel totaled 11% of total Company assets under management. JCG operates international offices in London, Paris, Milan, Munich, Frankfurt, The Hague, Dubai, Zurich, Singapore, Hong Kong, Tokyo, Melbourne and Taipei. The retail intermediary channel serves financial advisors, third-party intermediaries and retirement platf! orms in the United States. In addition, this channel serves existing individual investors who invest in JCG products through a mutual fund supermarket or directly with JCG. As of December 31, 2012, assets in the retail intermediary channel totaled 65% of total Company assets under management.

Janus

Janus manages primarily growth equity portfolios. As of December 31, 2012, Janus managed 63% of total Company assets under management. The Janus Overseas Fund is included in the assets managed by Janus and represented approximately 6% during the year ended December 31, 2012.

INTECH

INTECH has managed institutional portfolios. INTECH's investment process is based on a mathematical theorem that seeks to add value for clients by capitalizing on the volatility in stock price movements. As of December 31, 2012, INTECH managed 26% of total Company assets under management.

Perkins

Perkins has managed value-disciplined investment products. With its fundamental research and careful consideration for downside risk, Perkins has established itself as a value manager. Perkins offers value equity investment products across a range of the United States asset classes and global equity. As of December 31, 2012, Perkins managed 11% of total Company assets under management.

Best Warren Buffett Stocks To Own For 2014: Cerus Corporation(CERS)

Cerus Corporation, a biomedical products company, engages in the development and commercialization of the INTERCEPT Blood System. The company?s INTERCEPT system is designed to inactivate blood-borne pathogens in donated blood components intended for transfusion. It markets the INTERCEPT system for platelets and plasma primarily in Europe, the Russian Federation, and the Middle East. The company is also developing INTERCEPT Blood System for red blood cells or red blood cell system, which is designed to inactivate blood-borne pathogens in donated red blood cells for transfusion. Cerus Corporation has collaboration agreements with Baxter International, Inc.; and BioOne Corporation, as well as the United States Armed Forces. The company was founded in 1991 and is based in Concord, California.

Top Safest Stocks To Watch Right Now: Pioneer High Income Trust(PHT)

Pioneer High Income Trust is a closed ended fixed income mutual fund launched and managed by Pioneer Investment Management, Inc. It invests in the fixed income markets of the United States. The fund primarily invests in below-investment-grade bonds, high-yield corporate bonds and convertible securities. It invests in fixed income securities with average credit quality of B. The fund benchmarks the performance of its portfolio against the Merrill Lynch High Yield Master II Index. Pioneer High Income Trust was formed on January 30, 2002 and is domiciled in the United States.

Best Warren Buffett Stocks To Own For 2014: Challenger Financial Services Group(CGF.AX)

Challenger Financial Services Group Limited operates as an investment management firm in Australia. The company operates as an issuer of annuities and a provider of listed and unlisted investment products and services to institutional and retail clients. It also provides various investment choices across a range of asset classes and investment styles, as well as operates as an investment manager. The company was founded in 1985 and is based in Sydney, Australia.

Best Warren Buffett Stocks To Own For 2014: Akela Pharma Inc He Company] (AKL.TO)

Akela Pharma, Inc. operates as a specialty contract pharmaceutical formulation developer in the United States. It offers contract pharma services comprising formulation and process development of drug in tablets, capsules, multiparticulates, fast formulations, oral and topical liquids, powders for suspension/reconstitution, and semi-solid forms. The company also provides analytical services, which include research and development analytical testing and support for formulation development; analytical method development and phase-appropriate validation; quality control testing for API and raw materials release; and stability testing and ICH compliant stability storage. In addition, it offers drug delivery solutions, such as hot melt extrusion for amorphous dispersions, spray-drying for amorphous dispersions, controlled release dosage forms, liquid solutions (encapsulated and bottled), and novel dosage forms, as well as beads, granulation, and drug layering services. Further, the company�s contract services consist of handling of potent compounds; pharmaceutical patent litigation support services; GMP clinical and commercial manufacturing; clinical labeling and packaging; and IP validation and contestation consulting services. The company was formerly known as LAB International Inc. and changed its name to Akela Pharma, Inc. in June 2007. Akela Pharma, Inc. was founded in 1979 and is headquartered in Austin, Texas.

Best Warren Buffett Stocks To Own For 2014: Wacoal Holdings Corporation (WACLY)

Wacoal Holdings Corp. designs, manufactures, and markets women�s intimate apparel primarily in Japan, the United States, China, Europe, and southeast Asia. It provides foundation garments, including brassieres and girdles; and lingerie, such as slips, bra-slips, and women�s briefs. The company also designs, manufactures, and sells nightwear, children�s underwear, outerwear, sportswear, hosiery, and other apparel and textile products. In addition, it engages in restaurant businesses and cultural projects; the interior design and construction of commercial premises consisting of sales counters operated by sales promoters in department stores and other retailers carrying its apparel; and the manufacture and rental of mannequins and fixtures. The company offers its foundation garments and lingerie products under Wacoal and Wing brand names. Wacoal Holdings Corp. sells its apparel products primarily to general retailers, as well as through a network of specialty retail store s, mail order catalogs, and the Internet. As of March 31, 2012, it operated 122 stores, including 18 factory outlet stores, as well as operated 22 Peach John retail stores. The company was founded in 1946 and is headquartered in Kyoto, Japan.

Best Warren Buffett Stocks To Own For 2014: MONDI PLC ORD EUR0.20 WI(MNDI.L)

Mondi plc operates as an international paper and packaging company worldwide. It principally engages in the manufacture and sale of packaging paper, converted packaging products, and uncoated fine paper (UFP) products. The company produces hardwood and softwood pulp; UFP under the Color Copy, MAESTRO, and IQ, as well as the Russian Snegurochka and South African ROTATRIM brands; virgin and recycled containerboards for corrugated packaging applications; and corrugated packaging products, including conventional boxes and trays, point-of-sale displays, and shelf-ready and heavy-duty packaging. It also provides kraft papers used in supermarket shelves, and specialized packaging and heavy-duty industrial applications; industrial bags used in packaging cement, chemicals, seeds, animal feed, flour, milk powder, automotive parts, and organic bio-waste; extrusion coating products, release liners, and consumer packaging products; newsprint and telephone directory paper products; and carbon neutral office paper. In addition, the company offers films and laminate products that consist of printed laminates and barrier materials, consumer films, industrial films, and biodegradable films; and consumer bags, such as pouches, reclosable bags, paper-based bags, labels, and microwaveable packaging products. Further, it provides application engineering services, consisting of pre and post-sales technical consultancy, and training services. Mondi plc serves automotive, building, and construction; chemicals and dangerous goods; farming and agriculture; food; industrial paper and packaging; medical and pharmaceutical; office and printing paper; pet food; photographic and graphic; and toiletries and hygiene industries. The company was founded in 1967 and is based in Addlestone, the United Kingdom.

Best Warren Buffett Stocks To Own For 2014: Latin American Minerals Inc.(LAT.V)

Latin American Minerals Inc engages in the discovery, acquisition, and development mineral properties in Latin America. The company?s properties include the Paso Yobai gold property covering approximately 15,615 hectares; the Itapoty diamond property covering approximately covering 5,000 hectares; and the Chiriguelo Niobium/Rare Earth Project covering approximately 25,500 hectares located in Paraguay. It also holds interest in the Tendal lead-zinc-copper-silver project covering an aggregate of approximately 36,500 hectares located in Argentina. Latin American Minerals Inc was incorporated in 2003 and is based in Toronto, Canada.