MSCI - stevehemingway/trading GitHub Wiki
theworks(management,spruce-point-research,{ Spruce Point Issues “Strong Sell” Opinion On MSCI Inc. With 55% - 65% Downside Risk After conducting a forensic financial and accounting review of MSCI Inc. (NYSE: MSCI or “the Company”), a $48 billion dollar S&P 500 constituent and global provider of index, analytics, ESG and private asset financial products and services, Spruce Point has grave concerns about the accuracy of its accounting choices and financial reporting, durability of its growth prospects, and sustainability of its extreme valuation multiple. The world’s largest asset managers and capital allocators depend on and must trust MSCI’s indices, analytics, and ESG ratings to disburse trillions of dollars globally. However, Spruce Point does not believe that anyone has ever fully indexed, benchmarked or evaluated MSCI’s broad range of dubious and aggressive and outright farcical business practices. We lay out the case that MSCI’s ESG rating scores as an F and that its stock should be sold or underweighted relative to any large cap global equity index. Our fair value target is 55% - 65% ($190 - $244/sh.) downside risk to MSCI’s price%},MSCI Inc.,financial services,{https://assets-global.website-files.com/64dd091f91b3ca8e6309dc0d/65a7d6951629623be5467a96_msci_research_thesis_1-17-2024.pdf})