Category Archives: Past Performance Tracking
Position Close Update: Snyder’s-Lance Inc. (LNCE)
Due to an acquisition, we have closed this position and removed it from our Focus List – Short Model Portfolio.
Position Close Update: Tutor Perini Corp (TPC)
Growth expectations implied by its valuation have become less unrealistic, especially factoring in the lower tax rate going forward and as a result, we are closing this position.
Position Close Update: Oclaro (OCLR)
LITE made an acquisition offer on March 12 and enough time has elapsed that a bidding war no longer seems likely, so we are closing our OCLR position.
Position Close Update: Skechers USA (SKX)
The fundamentals no longer look strong enough for us to continue recommending the stock as one of our top long ideas, so we are closing this position with respectable gains and outperformance.
Position Close Update: Spectrum Brand Holdings (SPB)
Due to a rating change and merger with HRG, we are closing this position.
Position Close Update: The Travelers Companies (TRV)
Due to a continued decline in ROIC, we are closing this position. Since original Long Idea, TRV has outperformed the market.
Position Close Update: F5 Networks (FFIV)
We are closing this position and removing it from our Focus List – Long Model Portfolio.
Our Model Portfolio Performance in 2017
Our model portfolios offer clients multiple strategies to outperform in good and bad markets. See the performance of these model portfolios in 2017.
Long Idea Highlights & Lowlights From 2017
We present the Long Idea highlights and lowlights from 2017.
Danger Zone Highlights & Lowlights From 2017
We present the Danger Zone highlights of 2017, followed by the lowlights.
Position Update: NVR Inc. (NVR)
Following a 59% gain, driven by strong earnings beats, NVR now receives an Attractive risk/reward rating. Despite the price increase and rating downgrade, the stock still remains undervalued.
Closing Long Idea Pick: Orbotech (ORBK)
Due to the increase in its valuation, ORBK has been downgraded from Attractive to Neutral, and we are no longer recommending investors buy the stock.
Model Portfolio Outperformance Through 3Q17
Our model portfolios offer clients multiple strategies to outperform in good and bad markets. See the performance of these model portfolios through 3Q17.
Closing Danger Zone Pick: Acadia Healthcare (ACHC)
We still don’t recommend the stock to investors, but it no longer has the unbalanced risk/reward profile it once did.
Position Update: Lear Corp (LEA)
Despite the downgrade, we are maintaining our Long recommendation largely because LEA remains significantly undervalued and the business’ fundamentals remain strong.
Position Update: Carter’s, Inc. (CRI)
CRI was downgraded to Neutral by our rating system on 9/28/17. Despite the downgraded risk/reward rating, we are maintaining our Long recommendation due to solid fundamentals and the stock’s low valuation.
Position Close Update: Tenneco, Inc. (TEN)
Following a downgrade in its risk/reward rating, and a subsequent accounting-related rating suspension, we are closing out our long recommendation on Tenneco, Inc. (TEN) with a modest gain.
Long Idea Update: Spirit AeroSystems (SPR)
Spirit AeroSystems (SPR) was selected as a Long Idea on 6/26/17. SPR is up 40% since publication, but still earns an Attractive risk/reward rating based on earnings quality and low market-implied expectations for future profits.
Position Update: Lear Corp (LEA)
Lear Corp was selected as a Long Idea on 7/22/16. The stock still earns a Very Attractive rating and is up 49% since the original report was published. Despite the price increase, LEA remains undervalued.
Alpha-generating Forensic Accounting Examples
New Constructs’ proprietary forensic accounting research empowers investors to identify alpha-generating investment ideas more efficiently than traditional manual approaches. This report highlights investment ideas based on insights our research technology automatically provides on a firm’s true return on invested capital (ROIC) and economic earnings.