There is no one analyst in which a Quantitative Star Rating and Fair Value Estimate is
attributed to; however, Mr. Lee Davidson, Head of Quantitative Research for Morningstar, Inc.,
is responsible for overseeing the methodology that supports the quantitative fair value. As an
employee of Morningstar, Inc., Mr. Davidson is guided by Morningstar, Inc.'s Code of Ethics
and Personal Securities Trading Policy in carrying out his responsibilities. For information
regarding Conflicts of Interests,
Morningstar Quantitative ratings for equities (denoted on this page by) are generated using an algorithm that compares companies that are not under analyst coverage to
peer companies that do receive analyst-driven ratings. Companies withratings are not formally covered by a Morningstar analyst, but are
statistically matched to analyst-rated companies, allowing our models to calculate a quantitative moat,
fair value, and uncertainty rating.
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The Pegasus Companies Inc is the holding company for a variety of satellite and media companies. The company previously operated as an independent provider of DIRECTV to more than 1.1 million subscribers but went into bankruptcy following the termination of the relationship. The company primarily owns and operates six broadcast TV stations and operates three others. These stations serve markets in Tennessee, Florida, Pennsylvania, and Maine.
225 City Line Avenue, Suite 100
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