Does a Game of Fox and Mouse Amount to News?
Shares in no-moat News Corporation have surged 21% since the release of its fiscal 2018 first quarter in November, surging past our unchanged USD 16 (AUD 20 at current exchange rates) fair value estimate.The time has come to exercise caution. This is because one of the drivers for the rally is the very reason why investors should be wary of the 9% premium the shares are now trading at relative to our intrinsic assessment. Specifically, sister company Fox's decision to sell some of its U.S. ent...
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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