Red Ink Masks News Corporation's Solid Second-Quarter Operating Performance
Our forecasts for no-moat-rated News Corporation are largely unchanged following the fiscal 2017 second-quarter result, and we maintain our USD 16 fair value estimate per share (AUD 21). Shares in News remain attractive, trading at a 20% discount to our intrinsic assessment.The second-quarter net loss of USD 290 million reflects a recognition of the structural pressures on the Australian newspaper division and 50%-owned Foxtel. It is no coincidence that these were the two main units which suff...
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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