Shares of global information and measurement company Nielsen Holdings plc (NYSE:NLSN) fell on disappointing financial results and guidance. End-market conditions for its large consumer packaged goods clients slowed, leading to tighter budgets. Nielsen management is divesting non-core products and restructuring the remainder of its portfolio to be more data and software platform-oriented, rather than project consulting-oriented. Although this strategy will create near-term headwinds to growth, we expect it to be ultimately accretive to Nielsen’s margins and multiple.
From Barron Asset Fund fourth quarter 2016 commentary.
