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Kyle Guske II, Senior Investment Analyst, MBA
General Market Comments
Kyle Guske II, Senior Investment Analyst, MBA
S&P 500 Companies Held Back 1H22 Earnings Growth To Show More Growth 2H22
Operating Earnings and GAAP Earnings for S&P 500 companies dropped lower than Core Earnings in 2Q22 for the first time in multiple quarters.
Kyle Guske II, Senior Investment Analyst, MBA
The S&P 500’s Biggest Earners Look Relatively Cheap
Nearly 50% of the S&P 500’s Core Earnings comes from just 41 companies representing only 8% of the number of firms in the index.
Kyle Guske II, Senior Investment Analyst, MBA
Traditional Earnings Measures for S&P 500 Overstate True Profits
Using overstated earnings metrics leads investors to understate risk, a fact that has been on grotesque display in equity markets recently.
Kyle Guske II, Senior Investment Analyst, MBA
Biggest Valuation Disconnects in the S&P 500
40 companies, or just 8% of companies in the S&P 500, account for 50% of the Core Earnings for the entire S&P 500
Kyle Guske II, Senior Investment Analyst, MBA
Focus List Stocks: Long: Beat the S&P 500 by 35% in 2021
Our Focus List Stocks: Long Model Portfolio outperformed the S&P 500 by 35% in 2021.
Kyle Guske II, Senior Investment Analyst, MBA
Focus List Stocks: Short: Beat the S&P 500 by 36% in 2021
Our Focus List Stocks: Short Model Portfolio outperformed the S&P 500 by 36% in 2021.
Kyle Guske II, Senior Investment Analyst, MBA
To Capitalize Expenses or Not? It Doesn’t Matter.
Buyer beware, capitalizing expenses is, largely, a fool’s errand that has no effect on free cash flow.
Kyle Guske II, Senior Investment Analyst, MBA
Write-Downs Continue at Record Low Pace Through First Nine Months of 2021
Write-downs for S&P 500 companies through the first nine months of 2021 remain on pace for the lowest levels seen in 15 years
Kyle Guske II, Senior Investment Analyst, MBA
Digital World Acquisition Is the Culmination of All Meme-Stocks
The bottom line is that owning DWAC at anything close to its current price is not investing, it is gambling.
Kyle Guske II, Senior Investment Analyst, MBA
Write-Downs Near 15-Year Lows Post 2020 “Kitchen Sink”
After taking large write-downs in 2020, S&P 500 companies are on pace to record the lowest amount of write-downs in 15 years.
Matt Shuler, Investment Analyst II
Novel Alpha from Truth Stocks & Earnings Distortion: AltHub
To enable managers to easily monetize our new factor, we worked with AltHub to develop three initial strategies.
David Trainer, Founder & CEO
Novel Alpha from Earnings Distortion: CloudQuant
To enable managers to easily monetize our new factor, we worked with CloudQuant to develop two initial strategies.
David Trainer, Founder & CEO
Earnings Distortion: The New Value Factor
To enable managers to easily monetize our new factor, we present a long/short market-neutral strategy that generates impressive performance.
David Trainer, Founder & CEO
Unscrubbed Data Creates Misleading Credit Ratings
Highlighting the five ratios that drive our Credit Ratings and how our data drives materially different results compared to ratios and ratings based on unscrubbed data.
Matt Shuler, Investment Analyst II
Cash to Debt Ratio: Unscrubbed Data Creates Misleading Credit Ratings
This report explains how our “Adjusted” Cash to Debt ratio is better than the “Traditional” ratio because the Traditional ratio is based on unscrubbed financial data.
Matt Shuler, Investment Analyst II
Interest Coverage Ratio: Unscrubbed Data Creates Misleading Credit Ratings
This report explains how our “Adjusted” Interest Coverage ratio is better than the “Traditional” ratio because the Traditional ratio is based on unscrubbed financial data.
Matt Shuler, Investment Analyst II
Debt to Capital: Unscrubbed Data Creates Misleading Credit Ratings
This report explains how our “Adjusted” Debt to Capital ratio is better than the “Traditional” ratio because the Traditional ratio is based on unscrubbed financial data.
Matt Shuler, Investment Analyst II
EBITDA to Debt: Unscrubbed Data Creates Misleading Credit Ratings
This report explains how our “Adjusted” EBITDA to Debt ratio is better than the “Traditional” ratio because the Traditional ratio is based on unscrubbed financial data.
Matt Shuler, Investment Analyst II
FCF to Debt: Unscrubbed Data Creates Misleading Credit Ratings
This report compares our “Adjusted” Free Cash Flow (FCF) to Debt ratio to the “Traditional” ratio based on unscrubbed financial data.
Matt Shuler, Investment Analyst II