Frontier Suspends its Dividend and Sees Continued Customer Losses; Cutting FVE to $7
Frontier posted disappointing fourth-quarter results that included weak revenue and cash generation, even though the firm’s adjusted profitability was slightly better than we expected based on redefined non-GAAP EBITDA margins. More importantly, the board suspended its existing dividend program starting in 2018, as we anticipated. We note that Frontier also took a $1.82 billion aftertax goodwill impairment, due to the faltering fundamentals of its acquired assets and now-smaller deferred tax ben...
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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