Alere Delays Filing of Its 10-K; Maintaining Our Fair Value Estimate
After no-moat Alere announced a delay in the filing of its 2016 10k upon review of issues with its subsidiaries in South Korea and Japan, we are maintaining our $35 fair value estimate in the absence of further developments. Alere has stated that revenue may have been recognized in the wrong period, and we expect the company will have to restate earnings associated with some markets. While Alere seeks to file within the 15-day grace period this year, we note the firm missed its filing deadline l...
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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