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Morningstar Inc. Message Board

  • jimgggg jimgggg May 4, 2010 1:14 PM Flag

    Insider buy

    MORN Morningstar, Inc.
    Zentmyer Hugh J (Director) Buy 1,100 46.75 $51,425 12:08:07 2010-05-03

    Usually a good sign.

    Also,The trailing 12 months PE is 30.41 while the forward PE is 19.33, which indicates an expected year-on-year earnings gain of 57% and a forward PE/Growth (PEG) of only .34 (normal PEG = 1). Obviously these PEs have not priced in such an earnings growth rate. Thus, the stock could go x3 and still be reasonably priced.

    My experience is that over time investors’ scans pick up stocks selling at low PE vs. their earnings growth rate. When this happens, the stock corrects upward very rapidly.

 
MORN
75.49-0.40(-0.53%)Feb 10 4:00 PMEST