Bayer AG's ( OTCPK:BAYRY ), ( OTCPK:BAYZF ) stock price continues to decline, and the stock has now dipped below €20 for the first time in more than 2 decades. In my last article , I wrote that the risksMy analysis is focused on high-quality companies, that can outperform the market over the long-run due to a competitive advantage (economic moat) and high levels of defensibility. Focused on European and North American companies, but without constraints regarding market capitalization (from large cap to smal ...