Importance of Windstream's Unsurprising 4Q Results Is Overshadowed by Ongoing Bankruptcy Proceedings
After filing for bankruptcy last month and delaying its scheduled fourth-quarter earnings update, Windstream released results on March 15 but did not hold a conference call. Results were consistent with the recent trends that we expect to continue for this no-moat company--overall business is declining, as Windstream's legacy services are uprooted by newer options, but Windstream is finding success with newer offerings of its own, which may one day become meaningful contributors. Nonetheless, be...Windstream Holdings is a holding company. Through its subsidiaries, the company is a provider of network communications and technology solutions for businesses across the U.S. The company also provides broadband, entertainment and security solutions to consumers and small businesses primarily in rural areas. The company's consumer & small business segment provides local and long-distance voice services and high-speed Internet services. The company's enterprise segment provides integrated voice and data services, which deliver voice and broadband services over a single Internet connection. The company's wholesale operations are focused on providing network bandwidth to other telecommunications carriers and content providers.
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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