Polaris' Results Mixed as Industry Demand Remains Modest; Shares Undervalued
Third-quarter performance was mixed at wide-moat Polaris, with puts and takes across many of the company’s segments. For off-road, Polaris was able to stabilize market share, with side-by-side retail sales rising at a low-single-digit pace (in line with the industry) and all-terrain vehicles falling at a low-single-digit clip. Motorcycles saw the same lopsided performance, with Indian retail sales rising at a high-single-digit pace and Slingshot falling in the high 20s while the industry contrac...Polaris designs, engineers and manufactures powersports vehicles which include, off-road vehicles, including all-terrain vehicles and side-by-side vehicles for recreational and utility use, snowmobiles, motorcycles, global adjacent markets vehicles, including commercial, government and defense vehicles, and boats. The company's products, together with related Parts, Garments and Accessories, as well as aftermarket accessories and apparel, are sold through dealers, distributors and retail stores principally located in the United States, Canada, Western Europe, Australia and Mexico.
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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