Adidas Group on Track to Deliver Solid 2017 Growth; Shares Remain Rich
After posting double-digit sales and EPS growth in 2016, narrow-moat Adidas’ first-quarter results, which included 16% currency-neutral revenue growth and operating margins expanding 90 basis points, leave it on track to deliver another banner year. We believe the firm should experience continued momentum as fashion trends remain spot on and merchandising resonates well with consumers, which is captured in our outlook calling for sales growth of 12% and EPS growth of 24% in 2017. We expect sales...ACM Managed Dollar Income Fund is a non-diversified, closed-end management investment company. This closed-end investment fund is designed for investors who seek high current income and capital appreciation. In order to achieve this objective, Co. invests primarily in high-yielding, U.S. and non-U.S. fixed income securities, denominated in U.S. dollars, that it expects to benefit from improving economic and credit fundamentals. Co. may utilize leverage through the investment techniques of reverse repurchase agreements and dollar rolls. As of Sept 30 2007, Co. had total assets of $192,614,325 and investment portfolio totalled $178,906,534.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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