Priceline Stellar Results Persist, Supporting Its Strengthening Network Advantage; Shares Undervalue
Despite near-term headwinds (terrorism and political uncertainty) in the travel industry, narrow moat-rated Priceline once again posted stellar results, supporting our view the company has long reached a critical mass platform, marketing, and technology advantage that are difficult for others to replicate. As a result of its strengthening advantages, the company’s third-quarter bookings growth accelerated to 25% from 19% growth reported last quarter (two-year stacked growth also accelerated to 3...
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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