GM Ends 2016 With Another Strong Quarter; 2017 Looks Healthy
General Motors once again easily beat consensus expectations, with fourth-quarter adjusted EPS falling year over year by 8% to $1.28, beating expectations of $1.17, while revenue grew 11% to $43.9 billion, besting consensus of $41.5 billion. We still see the company generating strong numbers in 2017, so we are leaving our fair value estimate in place. We will update our model this month for the 10-K filing. Weak currencies against the dollar from England, Mexico, and Argentina cost GM about $500...AK Steel Holding is a producer of flat-rolled carbon, stainless and electrical steels products primarily for the automotive, infrastructure and manufacturing, and distributors and converters markets through its wholly-owned subsidiary, AK Steel Corporation. The company's other subsidiaries also provide customer solutions with carbon and stainless steel tubing products, solutions, tool design, hot- and cold-stamped steel components and assemblies. The company sells its carbon steel products mainly to customers in North America, and it sells its electrical and stainless steel products primarily in North America and Europe. The company also produces metallurgical coal through its AK Coal Resources, Inc. subsidiary.
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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