Best Idea DaVita Reports Decent Preliminary 2Q Results, Dutch Auction Tender for Shares
On July 22, narrow-moat DaVita announced select metrics from its upcoming second-quarter release and boosted its operating income guidance for the full year. In addition, the firm announced its intent to tender $1.2 billion in stock through a Dutch auction process. We don't expect to adjust our $79 fair value estimate just yet, but we will reassess our outlook when the firm posts its full earnings release Aug. 1.We applaud management's decision to aggressively buy back stock at a severely disc...
DaVita is a healthcare provider focused on transforming care delivery to improve quality of life for patients. The company's United States dialysis business provides kidney dialysis services for patients suffering from end stage renal disease (ESRD). The company's dialysis services include outpatient hemodialysis services, hospital inpatient hemodialysis services, home-based dialysis services, ESRD laboratory services, and management services. The company's ancillary services and strategic initiatives businesses include disease management services, physician services, ESRD Seamless Care Organization joint ventures, clinical research programs, vascular access services, as well as international dialysis operations.
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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