TripAdvisor First Take: 4Q Shows Signs of Sales Stabilization on Improved Marketing Efficiency
We view TripAdvisor’s fourth-quarter results as supporting our view that the company maintains a network advantage (the source of its narrow moat) that it will be able to leverage into reaccelerating double-digit sales growth starting in 2019, a view we believe had been heavily discounted in the share price. And despite the nearly 20% jump in the share price in aftermarket trading, we still think the stock offers investors a modest discount.Encouragingly, despite leveraging the marketing expens...
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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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