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June 26, 20120Comments

How To Survive the Euro Crisis

As I wrote in “Don’t Be Fooled: Get Short Now”, the euro is not that different from Enron, WorldCom or the Madoff fund. All of these organizations were able to pretend they were profitable or solvent long after they were insolvent. Now markets are finally acknowledging the intractability of the Euro debacle.

by David Trainer, Founder & CEO

June 19, 20121Comments

US Steel (X) At Risk Of Pension Pressure

Some stocks are more dangerous than others. In an anemic economic environment, the most dangerous stocks are those with issues that are lurking behind the scenes or in footnotes.

by David Trainer, Founder & CEO

June 12, 20120Comments

Free report for Ask Matt, AT&T (T) – Dangerous Rating

Here is our free report on AT&T (T), which gets our Dangerous Rating.

by David Trainer, Founder & CEO

June 12, 20120Comments

Pensions Weigh On Goodyear (GT) Stock Potential

Goodyear Tire & Rubber (GT) must overcome $3.7 billion in underfunded pensions plus $6.3 billion in debt ($1.1 billion of which is off balance sheet) before investors could see any upside.

by David Trainer, Founder & CEO

June 8, 20120Comments

Top Stock Picks & Shorts: Moneylife Radio Interview w/ Chuck Jaffe

Listen in on my 15 minute interview describing the rigorous diligence New Constructs applies to every rating on the stocks, ETFs and mutual funds we cover.

by David Trainer, Founder & CEO

June 5, 20120Comments

ETF Pair Trade To Maximize Profits In The Energy Sector

Oil prices have been on a wild ride the last few years to say the least. There are many ways to play these trends.

by David Trainer, Founder & CEO

June 5, 20120Comments

Why is S&P Raising Its Outlook on Delta (DAL)?

After S&P’s recent upgrade to its outlook on Delta Airlines [s: DAL], I cannot help but to wonder how they do their analysis.

by David Trainer, Founder & CEO

May 29, 20120Comments

ETF Pair Trade To Navigate Shifty Tech Stocks

I have a pair trade (i.e. long/short) ETF strategy for investors who want to maximize upside potential and minimize downside risk in Technology stocks.

by David Trainer, Founder & CEO

May 25, 20120Comments

“S&P: Delta could be in line for upgrade” – Are they kidding?

I do not think S&P's analysts are aware of Delta's staggering $22.3 billion in off-balance sheet liabilities, which include $14.1 billion in underfunded pensions and $8.2 in operating leases.

by David Trainer, Founder & CEO

May 18, 20121Comments

Bail Out of DAL Before the Stock Crashes

I recommend investors avoid Delta Airlines (DAL). I think the stock could see significant downward pressure as more investors realize how the company is propping up its earnings with relatively aggressive accounting for its pension and postretirement plan (“pensions”), which are already seriously underfunded.

by David Trainer, Founder & CEO

May 15, 20120Comments

Buy Apple, Naysayers Are Missing the Point

With so much written about Apple (AAPL), I am amazed that so few have focused on the most important driver of its stock price: the company 270% return on invested capital (ROIC).

by David Trainer, Founder & CEO

April 30, 20120Comments

Top Stock Picks: 2011 In Review

Everyone wants diligence. Few will ever turn it down. The problem is that diligence is expensive. New Constructs makes diligence cost-effective.

by David Trainer, Founder & CEO

April 9, 20120Comments

Microsoft (MSFT): Very Attractive Rating — for Ask Matt Readers

MSFT gets my best rating because the company’s ROIC, at 72%, ranks 8th in the S&P 500 while its stock price (~$31.52/share) implies the company’s profits will permanently decline by about 20%. High profitability and low valuation create excellent risk/reward in a stock. Here is my free report on MSFT.

by David Trainer, Founder & CEO

March 27, 20120Comments

Front Run Buffett: Buy Scripps Networks Interactive (SNI)

I recommend investors buy stock in Scripp Networks Interactive (SNI) before Mr. Buffett buys the whole company.

by David Trainer, Founder & CEO

March 14, 20121Comments

Bank Of America (BAC): Very Dangerous Rating — for Ask Matt Readers

Bank Of America (BAC) gets our Very Dangerous rating because it has misleading earnings and a very expensive valuation. Here is my free report on BAC.

by David Trainer, Founder & CEO

March 12, 20120Comments

YUM! Brands, Inc. (YUM): Attractive Rating — for Ask Matt Readers

YUM! Brands, Inc. (YUM) bet my Attractive rating. Here is a free copy of my report on YUM.

by David Trainer, Founder & CEO

March 12, 20120Comments

Get Off the SBUX Bandwagon Before It Crashes

Be wary of advice from the bandwagon riders. They care more about getting more people in the bandwagon than anything else. The Starbucks (SBUX) bandwagon is a big one. I am not on it.

by David Trainer, Founder & CEO

March 8, 20120Comments

Matt Taibbi of Rolling Stone References My Article on BAC’s New Fees

Always flattered when a journalist, especially one as famous and respected at Mr. Taibbi, references my work. His article "Bank of America In Trouble?" incorporated the meat of my "Raising Fees Is A Desperate Measure: Sell BAC" article.

by David Trainer, Founder & CEO

March 5, 20122Comments

Sell BAC: Management Is Running Out of Gimmicks

Year to date, Bank Of America (BAC) stock is up nearly 45% compared to the S&P at +about 8%. BAC stock has bounced back nicely after dropping precipitously at the end of last year. I would call the 45% bounce a “dead cat” bounce because I expect the stock to fall right back to $5/share, where it bottomed last Thanksgiving, or lower.

by David Trainer, Founder & CEO

March 1, 20124Comments

Raising Fees Is A Desperate Measure: Sell BAC

Recent news that Bank Of America (BAC) is considering jacking up its fees on basic checking accounts suggests the company is bad shape. As I wrote yesterday, I believe BAC stock is headed back to its lows and today’s news confirms my view that the expectations basked into the stock’s valuation are writing checks that the company cannot cash.

by David Trainer, Founder & CEO

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