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During the IPO season Francis Gaskins, editor of IPOdesktop.com & director of research for Equities.com, regularly appears on CNBC TV, Bloomberg, thestreet.com & other financial cable channels. On the day of the Visa IPO he appeared on four cable TV financial shows including Bloomberg... More
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  • Financial Engines (FNGN) IPO could be good, competes with Morningstar (MORN) 0 comments
    Mar 12, 2010 11:56 AM | about stocks: MORN, FDS
    FNGN BUSINESS:  Independent investment advice
    • Showed very good momentum over the past four quarters, especially the last two
    • Focused on an underserved financial advisory niche
    • Gross margins comparable to Morningstar (NASDAQ:MORN), a direct competitor and Factset Research (NYSE:FDS), which provides analytics to financials professionals and is in same sector broadly defined. Recent revenue and profit growth for FNGN are higher than for MORN and FDS.
    • Relatively high P/E multiple based on profitable, recurring subscription revenue
    • FNGN could be a good way for investors to participate in the expected (hoped for) economic growth cycle
    • Has a marketing relationship with Fidelity
    • more in FNGN IPOreport
    Themes: IPO, IPOs Stocks: MORN, FDS
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