June 14, 20131Comments

How to Find the Best Style Mutual Funds

There are at least 980 different large cap blend mutual funds and at least 6100 mutual funds across all styles. Do investors need that many choices? How different can these thousands of mutual funds be?

by David Trainer, Founder & CEO

June 12, 20130Comments

June’s Most DANGEROUS Stocks Available to the Public

New Constructs released June’s Most Dangerous Stocks report to the public today.

by David Trainer, Founder & CEO

June 12, 20130Comments

June’s Most Attractive Stocks Available to the Public Today

New Constructs released May’s Most Attractive Stocks report to the public today.

by David Trainer, Founder & CEO

June 12, 20132Comments

Adjusting NOPAT for Non-Operating Expenses Hidden in Operating Earnings

Non-operating expenses are unusual charges that don’t appear on the income statement because they are bundled in other line items. Without careful footnotes research, investors would never know that these non-recurring expenses distort GAAP numbers by lowering operating earnings.

by David Trainer, Founder & CEO

June 11, 20130Comments

Danger Zone 6/10/13: “Passive” Investors

Passive investors are in the Danger Zone for not recognizing that they are actually active investors.

by David Trainer, Founder & CEO

June 11, 20130Comments

More Upside From Western Digital (WDC)

WDC is more profitable than ever and remains significantly undervalued. The no-growth value of this business is over $100/share.

by David Trainer, Founder & CEO

June 10, 20130Comments

How To Avoid the Worst Sector Mutual Funds

Picking from the multitude of sector mutual funds is a daunting task. In any given sector there may be as many as 229 different mutual funds, and there are at least 631 mutual funds across all sectors.

by David Trainer, Founder & CEO

June 10, 20134Comments

Asset Write-Downs Hidden In Operating Earnings – NOPAT Adjustment

Asset write-downs are unusual charges that don’t appear on the income statement because they are bundled in other line items. Without careful footnotes research, investors would never know that these non-recurring items distort operating earnings by overstating core-operating costs.

by David Trainer, Founder & CEO

June 6, 20130Comments

Footnotes Adjustments for Earnings & Valuation Diligence

This report summarizes our series of reports on how to convert GAAP data to economic earnings and derive true shareholder value in a discounted cash flow model as well as more accurate measures of economic

by David Trainer, Founder & CEO

June 5, 20130Comments

June’s Most DANGEROUS Stocks Available to Subscribers Today

Paying customers can access June’s 40 Most Dangerous Stocks as of midnight last night. We provide 20 large/mid cap names to sell or short and 20 small cap names in this monthly newsletter.

by David Trainer, Founder & CEO

June 5, 20130Comments

June’s Most Attractive Stocks Available to Subscribers Today

Paying customers can access June’s 40 Most Attractive Stocks as of midnight last night.

by David Trainer, Founder & CEO

June 4, 20132Comments

Wal-Mart: Still Offering Great Value

Wal-Mart’s stock has done well since we first opened a position in June 2011, but it is still significantly undervalued.

by David Trainer, Founder & CEO

June 3, 20130Comments

Danger Zone 6/3/2013: Perma-Bears and Bubble Alarmists

I am optimistic about the U.S. economy and I don’t believe we are in bubble. Too many investors and economists are looking at the economy the wrong way.

by David Trainer, Founder & CEO

June 3, 20131Comments

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

May 31, 20130Comments

“Index” Label Myths

The word “index” in an ETF label does not always mean that investors are getting the specific exposure they seek. Diligence on ETF holdings is necessary despite what the providers might have you believe. Below I dispel the following myths concerning index ETFs.

by David Trainer, Founder & CEO

May 30, 20130Comments

Interview With Former FASB Chairman Robert Herz

As the Chairman of the Financial Accounting Standards Board, or FASB, from 2002 to 2010, Robert Herz has had a much larger influence on financial markets than the average investor appreciates.

by David Trainer, Founder & CEO

May 28, 20132Comments

How To Avoid the Worst Style ETFs: May 2013

Picking from the multitude of style ETFs is a daunting task. There are as many as 40 in any given style and at least 221 ETFs across all styles.

by David Trainer, Founder & CEO

May 24, 20130Comments

How To Find the Best Style ETFs: May 2013

Finding the best ETFs is an increasingly difficult task in a world with so many to choose from. May 2013.

by David Trainer, Founder & CEO

May 23, 20132Comments

The Truth Behind AAPL’s Numbers

This article provides some empirical evidence behind my putting Apple (AAPL) in the Danger Zone last week because its return on invested capital (ROIC) is outrageously high. That fact underscores why valuing this company or any other with the expectation that such a high ROIC was sustainable would be a mistake.

by David Trainer, Founder & CEO

May 22, 20130Comments

How To Avoid the Worst Sector ETFs: May 2013

Picking from the multitude of sector ETFs is a daunting task. In any given sector there may be as many as 43 different ETFs, and there are at least 171 ETFs across all sectors.

by David Trainer, Founder & CEO

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