Idexx's leadership position in companion animal diagnostics remains impressive.
Idexx Labs delivered another quarter of stellar growth, and we plan to modestly raise our fair value estimate after dialing up our projections for 2017 and 2018. As people have resumed consumption of healthcare services, they have also returned to robust spending on their pets. We continue to think Idexx is very well-positioned to benefit from this secular trend and possesses a narrow economic moat that translates into pricing power. Now that key rival VCA is to be folded in under the wide-rangi...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.
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