Leading Independent Investment Research, Morningstar, Inc.

Morningstar

Leading Independent Investment Research

Morningstar, Inc.

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. We 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 more than 500,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 16 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, with more than $180 billion in assets under advisement or management as of June 30, 2015. We have operations in 27 countries.

Download the Morningstar Fact Sheet : http://corporate.morningstar.com/US/documents/MarketingFactSheets/AboutMorningstarFactsheet.pdf

Equity Bottom-Up

<p>We maintain our AUD 2.40 fair value estimate for narrow-moat Healthscope after management declared that both recent takeover proposals undervalue the company and that it therefore will not provide due diligence access to either party. It also guided to fiscal 2018 EBITDA for its hospital division of between AUD 340 million and AUD 345 million. This compares with our forecast EBITDA for the division of AUD 345 million, which remains unchanged and follows completion of the company’s hospital…</p>

We maintain our AUD 2.40 fair value estimate for narrow-moat Healthscope after management declared that both recent takeover proposals undervalue the company and that it therefore will not provide due diligence access to either party. It also guided to fiscal 2018 EBITDA for its hospital division of between AUD 340 million and AUD 345 million. This compares with our forecast EBITDA for the division of AUD 345 million, which remains unchanged and follows completion of the company’s hospital…

Healthscope Lowers Fiscal 2018 Guidance and Plays Hard to Get; Maintaining FVE

Healthscope Ltd

Healthscope Lowers Fiscal 2018 Guidance and Plays Hard to Get; Maintaining FVE