Despite Idexx's Tempered Expectations for 2018, We're Holding Steady on Our FVE
As is typical for this company, Idexx posted another strong quarter of double-digit organic revenue growth fueled by the companion animal business. Year to date, the firm’s performance has lined up closely to our full-year projections, and we’re holding steady on our fair value estimate. Narrow-moat Idexx consistently outpaces market growth in animal healthcare thanks to its comprehensive portfolio, multiple modalities of diagnostic testing, and high level of customer service. This dynamic was u...IDEXX Laboratories develops, manufactures, and distributes products and provides services primarily for the companion animal veterinary, livestock and poultry, dairy and water testing markets. The company operates primarily through three business segments: Companion Animal Group, which provides diagnostic and information management-based products and services for the veterinary market; Water Quality Products, which designs, develops, manufactures, and distributes products used in the detection of various microbiological parameters in water; and Livestock, Poultry and Dairy, which provides diagnostic products and services for livestock and poultry health.
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.
We have operations in 27 countries.
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