Report
Barbara Noverini
EUR 101.80 For Business Accounts Only

Sell-Off in Stericycle’s Shares Overdone; Shares Currently Offer a Significant Margin of Safety

We already expected that a hurricane-soaked quarter would weigh upon wide moat Stericycle’s ability to maintain its 2017 earnings guidance; however, the sell-off in shares that followed the third-quarter report appears largely overblown to us. Stericycle finally announced its intention to move ahead with a comprehensive turnaround plan that will include restructuring and implementation of an ERP system. While full details won’t be revealed until early 2018, we’ve proactively tempered our expecta...
Underlying
Stericycle Inc.

Stericycle is engaged in the medical and hazardous waste management and secure information services. The company's segments are: North America, and International Regulated Waste and Compliance Services, which provides medical waste management services, pharmaceutical waste services, compliance programs, retail and healthcare, industrial and manufacturing hazardous waste management and secure information destruction; and Domestic Communication and Related Services, which provides appointment reminders, secure messaging, event registration, and other communications mainly for hospitals and integrated delivery network's as well as regulated recall and returns management communication, and logistics.

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
Barbara Noverini

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