ICYMI: New Long Idea, Focus List Updates, Model Portfolio Update & Modern Research Tools Webinar Replay

Here’s what happened at New Constructs this past week.

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Average Invested Capital: Explanation and Examples

In our calculation of ROIC, we use a time-weighted average invested capital, to most accurately capture the capital available to a business that can be used to generate NOPAT over the course of a year.

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Position Close Update: National Research Corp (NRC)

While the firm’s fundamentals remain strong, its valuation no longer offers attractive risk/reward.

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Podcast: Why IQVIA Holdings is in the Danger Zone

CEO David Trainer sat down with Chuck Jaffe of Money Life to talk about our Danger Zone pick this past week: IQVIA Holdings (IQV).

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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.

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Exec Comp Aligned with ROIC Model Portfolio: May 2018

Platinum Members and higher can access May’s Executive Compensation Aligned With ROIC Model Portfolio as of Wednesday, May 16.

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Position Close Update: Dentsply Sirona (XRAY)

While XRAY’s fundamentals remain weak, the growth expectations implied by its valuation have become less unrealistic after the large price decline.

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Position Close Update: Knoll Inc. (KNL)

A decline in fundamentals, along with a weakening competitive position (KNL no longer earns the highest ROIC among competitors) lead us to close this position.

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Position Close Update: Briggs & Stratton Corp (BGG)

While BGG’s fundamentals remain weak, the growth expectations implied by its valuation have become less optimistic.

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Webinar: “Modern Research Tools for Modern Markets” – Hosted by Interactive Brokers

David Trainer, CEO of New Constructs, presented “Modern Research Tools for Modern Markets” on the Interactive Brokers Education and webinar platform on May 8, 2018. Watch the replay.

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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.

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ICYMI: New Long Idea, Market Outlook Update, Model Portfolio Updates, Wall Street Conflicts Exposed, & Insights on the Largest IPO of 2018

Here’s what happened at New Constructs this past week.

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See Us on Real Vision TV Talking Retail’s Revival

David Trainer sat down with Alyona Minkovski of Real Vision TV to talk about our recent Long Idea “Rising from the Ashes to Lead a New Retail Paradigm.”

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Featured Stocks in May’s Most Attractive/Most Dangerous Model Portfolios

Our Most Dangerous Stocks outperformed the S&P 500 as a short portfolio last month. See two of the featured stocks from this month’s model portfolios.

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Podcast: Why Wall Street Spin is in the Danger Zone

CEO David Trainer sat down with Chuck Jaffe of Money Life to talk about our Danger Zone pick this past week: Sell Side’s Defense of Certain Underwriting Clients Reeks of Conflict.

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Turning Challenge Into Opportunity

The market has failed to recognize the resilience and strength of this business, and the stock’s valuation implies a permanent decline in profits based on a misunderstanding of the trajectory of the business.

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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.

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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.

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Special Offer: Most Attractive Stocks Model Portfolio for only $9.99

Just this month, we’re giving you the Most Attractive Stocks Model Portfolio for only $9.99.

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Sell Side’s Defense of Certain Underwriting Clients Reeks of Conflict

This week, we get two more high profile examples of greed for underwriting fees coloring Wall Street analysts’ coverage of previous Danger Zone picks.

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