Dollar Tree's Value Proposition Holds Despite Profitability Constraints
We believe the double-digit decline in narrow-moat Dollar Tree’s shares after the fourth-quarter earnings release is warranted, as the market has not been adequately accounting for the competitive pressures and investment spending that was the theme of these results. Persistent cost inflation from wages and freight costs are set to pressure profit growth in 2018, with the firm forecasting earnings per share of $5.25-$5.60, lower than consensus at $5.96 but in line with our $5.54 estimate. We pla...
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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