Morningstar say BAL Undervalued, page-20

Morningstar confirm the report is prepared by their Global Quantitative Equity platform. The stock is not covered here in Australia by a Morningstar analyst (which is why I couldn't get anything on their local website) so they won't comment on the report or BAL. You are absolutely right that it is prepared and issued by Morningstar Global. Given its the quant platform, and BAL's micro market cap (from a global perspective) I suspect the report is computer generated ie not a fundamental valuation. My opinion only. Access to the global platform is limited to institutions but if you have any queries regarding the preparation of the report or its contents they suggest calling 1800 034 455 (free call). Cheers.