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David Trainer, Founder & CEO

David Trainer, Found & CEO of New Constructs

August 29, 20140Comments

3 Keys to Success in Investing: Louisville CFA Society

I was recently invited to give this talk on my "3 Keys to Success" in today's world of investing.

by David Trainer, Founder & CEO

August 29, 20140Comments

Big Value Opportunity In Liberty Tax

Liberty Tax (TAX: $34/share) has carved out a successful niche as the discount option for tax return preparation. Despite its significantly smaller scale and brand awareness compared to competitors such as H&R Block (HRB) and Intuit (INTU), TAX still earns a comparable return on invested capital (ROIC). The beauty here is that the market values TAX at a considerable discount to HRB and INTU.

by David Trainer, Founder & CEO

August 28, 20140Comments

How To Value A Stock, Step 1: Profit (NOPAT)

Our first step to gauge the value of a company is to determine the true, after-tax cash flows generated by its operations. We call this Net Operating Profit After Tax (NOPAT).

by David Trainer, Founder & CEO

August 28, 20140Comments

Energy Sector

The Energy sector ranks eighth out of the ten sectors as detailed in my Sector Rankings for ETFs and Mutual Funds report.

by David Trainer, Founder & CEO

August 27, 20140Comments

Consumer Staples Sector

The Consumer Staples sector ranks first out of the ten sectors as detailed in my Sector Rankings for ETFs and Mutual Funds report.

by David Trainer, Founder & CEO

August 25, 20140Comments

Consumer Discretionary Sector

The Consumer Discretionary sector ranks fourth out of the ten sectors as detailed in my Sector Rankings for ETFs and Mutual Funds report.

by David Trainer, Founder & CEO

August 25, 20140Comments

Why Investors Need Independent Fund Research

Investors deserve an alternative to subjective and backward-looking ratings. They deserve analysis of a fund’s holdings, not just its past performance. Investors deserve real diligence, because diligence pays.

by David Trainer, Founder & CEO

August 21, 20140Comments

How To Avoid the Worst Style Mutual Funds

Picking from the multitude of style mutual funds is a daunting task.

by David Trainer, Founder & CEO

August 20, 20140Comments

How to Avoid the Worst Sector Mutual Funds

Picking from the multitude of sector mutual funds is a daunting task.

by David Trainer, Founder & CEO

August 19, 20140Comments

3 Reasons Why Amazon’s “Cash Flow” Is A Trap

As a follow up to our Danger Zone article on May 20th, 2013, we review the "cash flow" thesis proffered by Jeff Bezos and Amazon (AMZN) bulls.

by David Trainer, Founder & CEO

August 18, 20140Comments

How to Find The Best Style Mutual Funds

Finding the best mutual funds is an increasingly difficult task in a world with so many to choose from.

by David Trainer, Founder & CEO

August 18, 20140Comments

Closing Out Our PetSmart Long Call

Jana Partners filed a document with the SEC on Monday claiming to have received anonymous information that PetSmart (PETM) has been attempting to hide poor results from investors.

by David Trainer, Founder & CEO

August 18, 20140Comments

How to Find the Best Sector Mutual Funds

Finding the best mutual funds is an increasingly difficult task in a world with so many to choose from.

by David Trainer, Founder & CEO

August 18, 20140Comments

How To Avoid the Worst Style ETFs

Picking from the multitude of style ETFs is a daunting task.

by David Trainer, Founder & CEO

August 18, 20140Comments

Danger Zone: Price to Earnings Ratios

The vast majority of evidence suggests that P/E ratios are an unreliable way to measure the true value of stocks.

by David Trainer, Founder & CEO

August 15, 20140Comments

How To Avoid the Worst Sector ETFs

Picking from the multitude of sector ETFs is a daunting task.

by David Trainer, Founder & CEO

August 14, 20141Comments

Danger Zone: Newell Rubbermaid (NWL)

Investors seem to be under the mistaken conclusion that this is a safe value stock since it sells durable consumer goods, but that does not appear to be the case. NWL is a dangerous, overvalued stock that investors should avoid.

by David Trainer, Founder & CEO

August 11, 20140Comments

New Stocks Make Most Attractive/Dangerous Lists For August

Our Most Attractive and Most Dangerous stocks for August were made available to the public at midnight on Monday.

by David Trainer, Founder & CEO

August 11, 20140Comments

Danger Zone: Small Cap Blend Investors

All of the small cap styles earn our Dangerous rating, but Small Cap Blend Investors land in the Danger Zone due to the disproportionately large allocation to the worst funds in the style.

by David Trainer, Founder & CEO

August 8, 20140Comments

Models: Financials & Metrics – ESOs

This video explains our ESO page within our stock valuation models.

by David Trainer, Founder & CEO

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– Tesla (TSLA) – 26 reports
– Netflix (NFLX) – 24 reports
– General Motors (GM) – 14 reports
– Snap (SNAP) – 14 reports
– Disney (DIS) – 10 reports
– Intel Corporation (INTC) – 10 reports
– Carvana (CVNA) – 10 reports
– Wayfair (W) – 11 reports
– Uber (UBER) – 10 reports
– Beyond Meat (BYND) – 10 reports
– Spotify (SPOT) – 9 reports
– Walmart (WMT) – 9 reports
– DoorDash (DASH) – 9 reports
– Peloton (PTON) – 9 reports
– JPMorgan (JPM) – 8 reports
– Skechers USA (SKX) – 8 reports
– Target (TGT) – 7 reports
– Coinbase (COIN) – 7 reports
– Oracle (ORCL) – 7 reports
– McDonald’s Corporation (MCD) – 7 reports
– HCA Healthcare (HCA) – 7 reports
– Rivian Automotive (RIVN) – 7 reports
– Discover Financial (DFS) – 7 reports
– AutoZone (AZO) – 7 reports
– Shake Shack (SHAK) – 7 reports
– D.R. Horton (DHI) – 7 reports
– Valeant (VRX) – 6 reports
– Cracker Barrel (CBRL) – 6 reports
– Best Buy (BBY) – 6 reports
– Amazon (AMZN) – 6 reports
– Verizon Communications (VZ) – 6 reports
– GameStop (GME) – 6 reports
– Cisco Systems (CSCO) – 6 reports
– Alphabet (GOOGL) – 6 reports
– Colgate-Palmolive (CL) – 6 reports
– Southwest Airlines (LUV) – 6 reports
– Meritage Homes (MTH) – 6 reports
– Allison Transmission Holdings (ALSN) – 6 reports
– Ford (F) – 6 reports
– NVR Inc. (NVR) – 6 reports
– Affirm Holdings (AFRM) – 6 reports
– John B. Sanfilippo & Son (JBSS) – 5 reports
– SYSCO Corporation (SYY) – 5 reports
– Zendesk (ZEN) – 5 reports
– Amgen (AMGN) – 5 reports
– Johnson & Johnson (JNJ) – 5 reports
– Lam Research Corp (LRCX) – 5 reports
– Lear Corp (LEA) – 5 reports
– Universal Health Services (UHS) – 5 reports
– HF Sinclair (DINO) – 5 reports
– Omnicom Group (OMC) – 5 reports
– Allstate (ALL) – 5 reports
– Dropbox (DBX) – 5 reports
– Robinhood Markets (HOOD) – 5 reports
– Sweetgreen (SG) – 5 reports
– Microsoft (MSFT) – 4 reports
– Caterpillar (CAT) – 4 reports
– TrueCar (TRUE) – 4 reports
– Kimberly-Clark (KMB) – 4 reports
– Simon Property Group (SPG) – 4 reports
– Thor Industries (THO) – 4 reports
– Box, Inc. (BOX) – 4 reports
– Pinterest (PINS) – 4 reports
– Shopify (SHOP) – 4 reports
– MasTec Inc. (MTZ) – 4 reports
– AMC Entertainment (AMC) – 4 reports
– Eventbrite (EB) – 4 reports
– Equinix (EQIX) – 3 reports
– Cummins (CMI) – 3 reports

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