Adient shows that automotive seating is not a commodified product.
We are not changing our Adient fair value estimate even though the seating supplier posted fiscal 2018 third-quarter results that missed adjusted diluted EPS consensus ($1.45 versus $1.59). We did not hear anything to change our thesis that operational problems in seating and the metals group (the latter now known as SS&M) can be fixed with time and we were pleased with the firm's year-over-year free cash flow for the quarter improving to $252 million from $42 million. The cash flow improvem...
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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