Universal Health Services Inc Class B

UHS: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Admission Decline Weighs on UHS' 3Q

Jeffrey Stafford

Oct 28, 2008

Universal Health Services UHS reported third-quarter results on Oct. 27 that fell below our expectations. We plan to moderately lower our fair value estimate to account for the underperformance and a tougher operating environment for hospitals as a result of the economic downturn.

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Maintaining independence and editorial freedom is essential to our mission of empowering investor success. We provide a platform for our authors to report on investments fairly, accurately, and from the investor’s point of view. We also respect individual opinions––they represent the unvarnished thinking of our people and exacting analysis of our research processes. Our authors can publish views that we may or may not agree with, but they show their work, distinguish facts from opinions, and make sure their analysis is clear and in no way misleading or deceptive.

To further protect the integrity of our editorial content, we keep a strict separation between our sales teams and authors to remove any pressure or influence on our analyses and research.

Read our editorial policy to learn more about our process.

United States

Universal Health Services Inc Class B

Admission Decline Weighs on UHS' 3Q

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