#ycharts

Financial Analysis and great websites Well with all the market turmoil, it's more than important to do the right financial analysis. If you don't want to pay a lot for it, what are some of the great resources:

Web-Based Financial Terminal YCharts Raises $3.875M Round Led By Morningstar And Reed Elsevier Ventures YCharts, a chicago and brand-new York-based startup that calls itself a financial terminal for the web…

Having used both the PRO version of YCharts and the somewhat more elusive Bloomberg Terminal, I initially questioned whether the Bloomberg Terminal will continue to maintain its competitive advantage given the vastly growing array of financial data available to the public. From my experience of YCharts, the company provides a great deal of information on virtually all stocks and economic indicators out there, in addition to providing excellent graphing and Excel integration. So, is this the eventual replacement for the Bloomberg Terminal? Currently, a Bloomberg Terminal user will pay approximately $20,000 per year for subscription to the service. Compare this with a yearly fee of $3,600 at the time of writing for the Professional YCharts package, and the cost savings are clear. Looking back ten years, the Bloomberg Terminal was the undenominated champion of the financial industry. No web service had come close to providing the breadth and depth of analysis offered by the Bloomberg Terminal, and the high price tag was merely viewed as the cost of ensuring use of a premium product that the vast majority of investors do not have access to. However, given the advent of premium financial data providers by means of the internet, does this mean the Bloomberg Terminal's days are numbered? While YCharts will continue to grow in popularity; I do not see it overtaking the Bloomberg Terminal, and there are several reasons why...

What do you think? Was the announcement a let-down, is Wall Street over-reacting or is the stock price irrelevant? Let us know in the comments.