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.

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Equity Bottom-Up

Rising global demand and tightening long-run supply lead us to believe wide-moat brands will prosper; of these, we prefer Tiffany.Tiffany's shares are undervalued now as investors have extrapolated volatile diamond prices and weak demand to lower long-term growth.Yet some of the weakness at home is due to the strong dollar and the fall in diamond prices.If long-run demand begins to outpace diamond supply, we believe the wide-moat brands are best positioned as a result of pricing power.Tiffany is one of the oldest luxury brands on our coverage list, and we believe its timeless style and culturally significant history are responsible for its wide economic moat.We judge cash flows to be strong even in poor retail markets and believe international growth opportunities are significant, yet under-appreciated by investors.Regards - Paul Swinand

Rising global demand and tightening long-run supply lead us to believe wide-moat brands will prosper; of these, we prefer Tiffany.Tiffany's shares are undervalued now as investors have extrapolated volatile diamond prices and weak demand to lower long-term growth.Yet some of the weakness at home is due to the strong dollar and the fall in diamond prices.If long-run demand begins to outpace diamond supply, we believe the wide-moat brands are best positioned as a result of pricing power.Tiffany is one of the oldest luxury brands on our coverage list, and we believe its timeless style and culturally significant history are responsible for its wide economic moat.We judge cash flows to be strong even in poor retail markets and believe international growth opportunities are significant, yet under-appreciated by investors.Regards - Paul Swinand

Changing Diamond Industry Creates Opportunities for Tiffany

United States

Tapestry, Inc. designs and markets clothes and accessories. The Company offers handbags, leather goods, footwear, fragrance, jewelry, outer wear, ready-to-wear, scarves, sunwear, travel accessories, and watches. Tapestry serves customers in the United States.

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Tapestry Inc (TPR US)

Changing Diamond Industry Creates Opportunities for Tiffany

Rising global demand and tightening long-run supply lead us to believe wide-moat brands will prosper; of these, we prefer Tiffany.Tiffany's shares...

Morningstar, Inc.

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