The impact on valuation: instead of a fair value in the mid $50s, I now see it in the low $40s - about 30% lower than where the stock is today. 30% dwarfs the 4% dividend yield.
I explain key details behind our uniquely rigorous research process.
I also cover my top picks and pans in the "Hold It Or Fold It" portion of my interview with host Chuck Jaffe.
Competition for Lipper and Morningstar is "heating up" according to fund-industry expert Chuck Jaffe. Research based on past performance is losing favor as investor recognize its lack of rigor and value.