FactSet Research
(FDS ) supplies financial and economic data
to the global investment community through 1600 databases with information along
with powerful analytics on tens of thousands of companies, multiple stock
markets and governments. The company earns a 25%+ return on equity and has
grown earnings and dividends 20-25% over the last ten years. FDS
should continue its above average performance as a result of:
(1) its
portfolio analytics system is the industry leader; because of its extensive
product development and strong client relationships, FDS
has not only created a high barrier to entry but is also increasing its market
share,
(2) its ability
to sell additional products to existing customers such as coverage of corporate
bonds and fixed income derivative securities as well as products for investment
banking, plan sponsors and corporate finance,
(3)
acquisitions.
Negatives:
(1) it is in a highly competitive industry,
(2) the risk of
a shrinking ‘soft dollar’ [means of payment] pool.
Statistical Summary
Stock Dividend Payout # Increases
Yield Growth Rate Ratio Since 2003
Debt/ EPS Down Net Value Line
Equity ROE Since 2003 Margin Rating
*many companies in FDS
industry do not pay a dividend
Chart
Note: FDS stock made good initial progress off its November 2008 low, quickly surpassing the November 2008 trading high (green line) but taking longer to successfully challenge the downtrend off its October 2007 high (straight red line). Long term, FDS is in an uptrend (blue lines). Intermediate term it is in a trading range (purple lines). The wiggly red line is the 50 day moving average. The Aggressive Growth Portfolio owns an 85% position in FDS . The upper boundary of its Buy Value Range Sell Half Range
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