Balchem Announces Chemogas Acquisition and CM-AT Progress on 1Q Earnings Call; Raising FVE to $90
Our fair value estimate for Balchem rises slightly to $90 per share from $89 after accounting for the company's first-quarter results and its announced acquisition of Chemogas. While the performance of Balchem's core operations was steady, as usual, in the first quarter, management shared some significant news during the earnings update.Most importantly, Balchem has reached an agreement to acquire Chemogas, a privately held specialty gases company based out of Belgium. Chemogas specializes in t...
Balchem is engaged in the development, manufacture and marketing of specialty performance ingredients and products for the food, nutritional, feed, pharmaceutical, medical sterilization and industrial markets. The company has four reportable segments: Human Nutrition & Health, which provides human grade choline nutrients and mineral amino acid chelated products for nutrition wellness applications; Animal Nutrition & Health, which provides nutritional products in addition to basic choline chloride; Specialty Products, which provides ethylene oxide and propylene oxide; and Industrial Products, which provides certain derivatives of choline chloride, as well as manufactures and sells methylamines.
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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