Seeking Alpha Seeking Alpha Portfolio App for iPad Profile| Send
Message| (1,466)    Morningstar (MORN) is a low-to-no growth
internet stock that is priced to perfection at 30X trailing
earnings and 23X analyst estimates. In my view, the stock market
overall is a lousy place to invest right now and the mutual fund
industry in particular is reeling with redemptions as it appears
harder and harder for active money managers to add any value
over major index funds. Legendary investors like Bill Miller
have been bruised in recent years and with redemptions from
actively managed funds continuing to hurt the mutual fund
business, one should expect Morningstar's business to taper off
in sympathy even though the company is exceptionally well
managed and has a wide moat to paraphrase company vernacular.
Morningstar provides a valuabe service for investors and the
site is fantastic at what it does; however, in an era where
little value can be gained from MIT graduates in suits over a
benchmark of passive investments, i