they have not found a buyer for morningstar.or a billion dollars but too big for white wave. the stock has begun falling ever since they spiked up on the announcement of the white wave ipo and now pulled back to $14.65. almost as if it's doing nothing to enhance the shareholder value when dean is doing a ton of things. there are reasons dean foods has been coming down. just today, ubs cut estimates based on worries about food cost inflation pointing out milk prices have increased by 24 cents since bottoming. that is crucial to the bottom line. it's not good. last quarter the management reported dean's inventory remains high and we shouldn't be overly concerned and taking out costs in the dairy business left and right. they control 38% of the market and that gives the company some pricing power. even if the increase in milk prices hurts dean foods, i'm not saying it won't, probably will. this is getting baked into a $14 and change share price and could drop other buck if they were to slash estimates big but that's rallying nicely

records show this is the second time morningstar was arrested for a dui. the first eight years ago in san luis obispo. then he was placed on probe yaichlgts in april of this year the chief appeared in court, convicted on last december's offense. morningstar sentenced to 11 days in jail. placed on five years probation. his license suspended two yes. both incidts being investigated by a military unit possible charge include off duty misconduct and violation of regular skplaigs poll sismt camp park did not answer a request for an answer. our calls were also not returned. vic lee abc 7 news. >> a noisy protest over a deadly police shooting may spill over into a stuns meeting. family members of allen blueford contesting a report that found police were justified of the deadly shooting of the teenager. laura? >> this is just the latest in a series of events that his family, attorneys and supporters have held in recent weeks coming nearly two weeks after reports concluded the police officer that shot the 18-year-old did so while reasonably fearing for his life. th

travis miller covers them a for morningstar. travis, how will these companies pay for the repair job they're facing ahead of them? >> there's no question that utilities are in for a huge bill from this. and really, the last two years they've been hit multiple times with large rep pair bills and outages. if you're looking for utilities that come from repair costs they have to make, and putteding up flyers to bring back the power plants online, but also the lost revenue they have when utiltd customers are out of power and can't pay their bills because the system is out. >> tom: travis, do they have the operating cash flow to pay for these? are they going to have to borrow mony and issue bonds? >> >> we think the utilities, are well capitalized and have plenty of cash. in the scheme of things, these are multibillion companies, and you're probably talking about upwards of a billion dollars, our estimate for the bill, and at least for new york and new jersey. >> tom: you think they're in good financial shape to be able to withstand t

they told us they would spin off whitewave and said two weeks ago they were selling morningstar.ning. the $20 sum of the parts isn't pie in the sky, no. management is doing the right thing and giving their plans $20 is where i expect this stock to go. even if dean can't find a buyer for morning star i could make the case is stock will go to $18 just on the strength of the whitewave ipo. that will give you a 23% gain. it spiked on the news the ipo was happening. i bet a strong ipo could cause dean foods to rally right back up. you have to consider the whitewave company is in the same pantheon as whole foods and haines slesle yal. two anointed stocks highly valued in large part because the market likes countries that recognize healthy eating is the wave of the future for years, not just for a healthy week here at nbc universal. healthy food creates healthy growth and healthy profits. as my two vegetarian daughters would tell you. for the record, they think silk is the milk of choice. bottom line. dean foods has a healthy organic division buried in the milk business. no one seems to

liz: rick summers senior equity analyst at morningstar.rick, first of all, what happens when this stock opens in 11 minutes? >> yeah, it will be interesting, i mean there's a whole slew of issues, one of which has not been addressed yet. you know, we have a little bit more tepid revenue growth, obviously have disappointment over motorola mobility. one of the things we're looking at is it appears to us that there's been a substantial increase in costs, probably for content acquisition. that's money they are spending either on music and certainly as we all know heavy investment in video for youtube. liz: isn't that look at a company as aggressive -- remember google started off a search engine, then they go into maps, then they go into android, it is unbelievable, chrome, all the businesses. i have been to their campus, spent an entire day broadcasting there for fox business, i kept thinking to myself, looking into research, branched out and become so much more and pretty successfully, so if they take a stumble right now, is that an opportuni

let's talk to an equity analyst at morningstar. grady, will cisco benefit from this report bashing huawei? >> so these security concerns and concerns over how huawei works in the u.s., they're not new and cisco's market share in the u.s. is very high and huawei has very little market share in both service provider and enterprise routers in the u.s. i don't know that this will really lead to incremental revenue growth for cisco. it does, however, just highlight a key challenge that huawei faces as it tries to penetrate the u.s. markets. >> let's say you're gigantic corp., inc. have you a $500 million purchasing budget. you're in a meeting, you're like well, maybe we'll spend a lot of this on huawei. someone says, no, did you see that report? did you see "60 minutes," did you see cnbc? you're not going to spend money on huawei. >> i absolutely agree with that. but these issues have been in place for many years. the other issues that huawei faces is penetrated the value-added resale channel. if you're a ceo, trying to allocate shelf s

but jim sinegal, director of financial services research at morningstar, says pandit's tenure of the last five years has also seen the stock plunge 89% after a $45-billion taxpayer bailout. "a big part of it was the bailout. the added capital from the government diluted stocks and that was responsible for a lot of the drop in the share price." but citigroup's share price has hardly changed since 2009. financial analysts weighed in: jeff harte at sandler o'neill said "this is more the board reacting to the share price and wanting a more hands-on manager in the ceo position." anthony polini of raymond james said, "vikram has some regulatory baggage for whatever reason, they had disagreements." but analysts say the biggest clash was between pandit and the turnaround specialists who became citigroup's new board of directors - in particular, chairman michael o'neill. "we actually hold the board in high regard. it could be that the board wanted to go in one direction and pandit wanted another way and it wasn't going to be resolved without pandit and his top lieutenant leaving." pandit's su

but daniel holland, sr., equity analyst at morningstar, does not believe a123's bankruptcy will negatively impact ge shareholders. the number of deals involving venture capital funds is declining. according to dow jones venture source, the pace of deal-making fell 9% in the third quarter compared to last year. v-c investments dropped 32%. companies backed by venture capital money- raised a total of $6.92 billion. a new study shows consumers are getting more comfortable in the economic enviornment. consumer confidence recently rose to a 6-month high in the latest survey from bankrate.com. "it actually got better. better relative to the past few months, and we can thank the better job market news, improving housing market and the strong stock market performance, all of that has been enough that consumers now feel positive again when it comes to things like job security and their net worth." the bankrate.com survey also shows 74% of americans are not inclined to borrow more money even though the fed is keeping rates at historically low levels. instead, americans are more interested in paying

joining us is artisan partner's jim kieffer, a 2011 morningstar domestic fund manager of the year.couple of rough sessions but we're seeing some earnings that aren't great and we're wondering whether it's going to be a tough quarter in terms of earnings and yet the market is high and i was asking whether qe3 has gotten us to a point where maybe the market is ahead of itself based on whether it's not justified by fundamentals. do you care about things like that or are you just always buying stocks that you like? >> i think you've got to focus on the business and you are investing in businesses here, we're not trading stocks so the key needs to be understanding what is going on at a business level. i don't want to be ignorant to the idea that the shorter term events may indicate something about the strength of the business and how we should think about it, but no, i'm not sitting here before any earnings announcement getting excited about whether it's going to meet or beat the earnings. >> in terms of china or europe you might look at that based on the individual companies you're tal

david has been with the fund since its inception in 1992, named morningstar's international stock fund wanted if you're a fund manager why not say it's hero? >> i got teased jukebox hero, billy don't be a hero. >> you're going with herro, even though these are heroic returns. do we have an annualized return on 9%? >> i think it's closer to 10%. >> 9.9%? >> 9.9 over how many years? >> 20. >> wow. >> pretty amazing. >> it's madoffian, i'm not implying anything but i think he was doing 10.5. >> you could solve our pinching problem. >> you could solve a lot of problems. so i guess you had good years in 2009, 2008, you have to have really good years to offset what happens in those years, right? you haven't had all positive years, right? >> that's right. we had three outlier negative years probably versus eight or nine outlier positive years. if we could keep the ratio 3:4:1, what's important to us meeting long-term performance and trying to win over three, five, ten, 15 years. >> you're long only? >> long only, boring deep value investors looking for business. >> around the world? >> anypla

quarterly loss and distribution warehouses and the economic slowdowns in europe, and you do have morningstar noting the obvious, which is for the holiday season face intense competitions. a lot of the retailers, the stores that you can into are ready to match independent prices hosted on amazon. names like best buy and target, some of the retailers are getting ready to get tough in the holiday season. >> you know, i think that amazon is up because it made a loss because it was spending heavily so that it grows rapidly in the future. i think investors like that, and that's why that thing is back up to 230 this morning, what do you thiik? >> all right, well, we talked to the warehouses and technology. stuart: yeah. >> these things are laying the groundwork for the futuree that's true. >> thank you very much. the dow is down just two points, that's it. now, apple shares, they've started trading and take a look, profits were up and apparently disappointed. one point to be made here, they sold 26 million iphones, pretty good. but samsung sold 56 million galaxies, that's a compare and contrast. ap