BR: Financial Analysis through December 2007 (pfblogs.org)

We have analyzed the financial statements of Broadridge Financial Solutions (BR) for the quarter that ended on 31 December 2007. Broadridge's results were reported in this press release and this 10-Q filed with the SEC. Broadridge was spun off by Automatic Data Processing (ADP) to shareholders on 30 March 2007. The new company provides investor communication, securities processing, and clearing services to financial companies. Company shares advanced nicely during the final quarter of 2007, despite the ills of the financial industry; however, the continuation, if not deepening, of these problems have caused Broadridge's stock price to decline during the last few weeks, as can be seen in the figure to the right.We first evaluated Broadridge after the September 2007 quarter. We didn't compute gauge scores at that time because the GCFR methodology requires a historical record to which current financial metrics can be compared.Before we review the latest values for these metrics, we will examine the Income Statement for the recent quarter. We didn't attempt to predict Broadridge's earnings in advance. Note that Broadridge was part of ADP during the year-earlier period. Please also note that the tabular format below, which we ...