June 26, 20180Comments

Pre-IPO Coverage: BJ’s Wholesale Club (BJ)

Is this IPO an opportunity for investors to get back in on a great business, or is it an attempt by the private equity owners to cash out and leave the public holding the bag?

by Sam McBride

June 25, 20180Comments

Danger Zone & Pre-IPO Coverage: Domo, Inc. (DOMO)

Despite the recent price drop, Domo still has highly optimistic growth expectations baked into its stock price. Investors should stay away from this IPO.

by Sam McBride

June 21, 20180Comments

See Us on CNBC Talking Netflix

Many in the market believe Netflix is unstoppable. With a focus on original content, can Netflix achieve the expectations baked into its stock price? Or will the costly content drive

by Sam McBride

June 20, 20180Comments

Beat Private Equity to the Punch on This Value Opportunity

This week, we’re highlighting another cheap retailer that was recently confirmed as a buyout target. This firm also has a high and sustainable dividend yield and upside potential even without an acquisition.

by Sam McBride

June 18, 20181Comments

Danger Zone: Pension Accounting – Discount Rates

This report focuses on how companies can use the discount rate to manipulate their reported benefit obligation.

by Sam McBride

June 18, 20182Comments

Worst Offenders: Expected Return On Plan Assets

This report red flags the firms with the most underfunded pensions and the most aggressive assumptions for returns they expect to earn on the pension assets.

by Sam McBride

June 14, 20180Comments

Pre-IPO Coverage: Puxin, Ltd. (NEW)

This report aims to help investors sort through Puxin’s financial filings to understand the fundamentals and valuation of this IPO.

by Sam McBride

June 6, 20180Comments

A Tale of Two Segments

The value that could be unlocked in a spin-off, and even the undervaluation of the combined firm, give this stock attractive risk/reward.

by Sam McBride

June 4, 20180Comments

Danger Zone: Pension Accounting: Expected Returns on Plan Assets

Pension underfunding remains dangerously high for many firms, and some companies use unusual assumptions for expected return on plan assets to mislead investors.

by Sam McBride

May 25, 20180Comments

Open Letter to the SEC: Markets Need a Unified Fiduciary Standard

The SEC has the ability (or even responsibility) to resolve the ambiguity around the term fiduciary by offering a clear and concise definition.

by Sam McBride

May 23, 20180Comments

This Pick and Shovel Stock is Still a Value

Accounting results understate the impressive profit growth of this market leader.

by Sam McBride

May 16, 20180Comments

This Footwear Stock is Back on Sale

It can be scary to buy a stock that’s just dropped 30%, but if the long-term trend in fundamentals remains intact, an unwarranted drop in valuation can lead to a great buying opportunity.

by Sam McBride

May 14, 20180Comments

Bigger Is Not Always Better

Overpriced acquisitions to grow the topline have destroyed shareholder value and exposed this company to significant data security and privacy risks. These issues, combined with an overvalued stock raise red flags.

by Sam McBride

May 9, 20181Comments

Can the Market Grow Into its Valuation?

The good news is that the market’s valuation remains well below its pre-2008 levels. Barring any major negative news (e.g. an oil crisis), we expect to see a relatively flat market for the rest of 2018 as company fundamentals catch up to the gains of last year.

by Sam McBride

May 9, 20180Comments

Pre-IPO Coverage: AXA Equitable Holdings (EQH)

Despite its size, EQH has attracted less attention than similarly sized IPO’s. This report aims to help investors sort through the complex financial filings to understand the fundamentals and valuation of this IPO.

by Sam McBride

May 2, 20180Comments

The “Value” Stock That Traditional Value Investors Can’t See

This stock looks expensive based on traditional metrics, but a look at the true cash flows of the business shows otherwise.

by Sam McBride

April 26, 20180Comments

Open Letter to the SEC: Fiduciary Duties Need to Extend to Research

The SEC needs to offer a more concrete interpretation of the Duty of Care, one that focuses on the research upon which investment recommendations are based.

by Sam McBride

April 23, 20182Comments

Don’t Believe the Hype About this “AI Powered” ETF

This ETF’s label capitalizes on the growing interest in Artificial Intelligence by a portfolio selected by AI, but its holdings show little differentiation from the market, and its methodology is a black box.

by Sam McBride

April 17, 20180Comments

A Reminder to the SEC: Disclosure Is Not Enough

As the SEC gets set to propose its advice standard on April 18, we believe it is important to note that disclosure alone is not enough to protect investors.

by Sam McBride

April 11, 20180Comments

AI Can Lead this Bank to Further Profit Growth

Investments in artificial intelligence are already improving profitability and efficiency, which when combined with a cheap valuation make this bank this week’s Long Idea.

by Sam McBride

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