Janus Capital Group, Inc. (NYSE: JNS)
Janus Capital Group, Inc. ("Janus", "JNS" or the "Company") is a leading asset manager. The Company has a market cap of $1.60B and an enterprise value of $1.43B. As of TTM 6/30/13, the Company generated revenues and free cash flow of $855.6MM/$188.4MM, respectively.
Janus common shares have recently lagged and have forgone the attention of many investors. The drivers stemmed from (1) sluggish flagship mutual fund performance amplified by the use of performance fees, which negatively impacted earnings; (2) choppy AUM as Janus' AUM troughed at $123.0B in FY2008, peaked at $169.0B in FY2010 and currently stands at $160.6B; (3) net fund outflows of $5.4B for Q2/13 (within the Janus platform)...
Only subscribers can access this article, which is part of the PRO research library covering 3,602 different stocks.
Growing numbers of fund managers and other investment professionals subscribe to Seeking Alpha PRO for equity research that is unavailable elsewhere, so they can: