While Scripps' flagship networks generate cash flow, lack of international exposure limits growth.
Scripps' second-quarter revenue and EBITDA came in below our expectations, but EPS was ahead of our projections. Despite the top-line miss, management reiterated its full-year guidance. We are maintaining our narrow economic moat rating and $72 fair value estimate. With the stock still trading in or near 3-star territory, we would wait for a pullback before investing.Total operating revenue for the quarter rose 22% year over year to $892 million due primarily to the TVN acquisition. The U.S. ne...
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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