Report
Dan Wasiolek
EUR 147.86 For Business Accounts Only

Priceline's Exemplary Stewardship Intact With Fogel's Promotion to CEO; Shares Undervalued

We plan to maintain our Exemplary stewardship rating for narrow-moat Priceline after the company announced that Glenn Fogel will become its next CEO effective Jan. 1, 2017. Although Fogel will be a first-time CEO, he has extensive industry experience; he has been with Priceline since 2000, most recently as its head of strategy (since 2010) and corporate development (since 2009). Further, he was key in identifying and executing the Booking.com and Agoda.com acquisitions, the former being one of t...
Underlying
Booking Holdings

Provider
Morningstar
Morningstar

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.

Analysts
Dan Wasiolek

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