Report
Philip Gorham
EUR 100.00 For Business Accounts Only

RB Building a Business to Face the Conditions of the 21st Century, but Fat Tail Risk is Growing

The extent to which wide-moat RB will be held liable for the charges of fraudulent behavior laid at the door of Indivior by the U.S. Department of Justice is far from clear. Given limited information, we think the market is pricing in a worst-case scenario. For the time being, we are maintaining our GBX 7,300 fair value estimate on the assumption that existing contingent liabilities made by RB will be sufficient to cover any financial costs. However, we recognize that RB is now more exposed to f...
Underlying
Reckitt Benckiser Group PLC (ADS)

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
Philip Gorham

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