Morningstar gives up the Ghost
Posted on | July 10, 2010 | 5 Comments
Morningstar.com recently changed its years old policy of providing free ten year financials. It still offers free five year financials but has shifted the ten year data to an expensive premium service. Now that it is costs, I would suggest not using Morningstar anymore. Their data has been dicey at best. That is I was constantly finding data errors, but at the cost of zero it was a useful value investing tool, that required verification. But now that you must pay to get a long term view of a company with Morningstar, I will be looking at other services. Even if I settle on a pay service it will definitely not be Morningstar.
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5 Responses to “Morningstar gives up the Ghost”
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July 15th, 2010 @ 4:18 am
Interesting… I notice going directly to the URL still works.
For instance:
http://quicktake.morningstar.com/StockNet/cashflow10.aspx?Country=USA&Symbol=Goog
Arg! But I still can’t get the 10 income statement.
July 15th, 2010 @ 9:29 pm
Yup. I wish I were wrong.
July 16th, 2010 @ 3:33 am
So what do you use instead of Morningstar?
July 27th, 2010 @ 3:51 pm
I have not yet replaced Morningstar. I am still evaluating both paid and free services.
September 3rd, 2010 @ 7:21 am
Gurufocus.com and SmartMoney.com have free 10-year financial statement data.
And I too found more than a couple errors in Morningstar’s database.