What Sets New Constructs Apart in Under 30 Seconds
Armed with superior fundamental data, we derive insights that drive real alpha.
Kyle Guske II, Senior Investment Analyst, MBA
accounting
Kyle Guske II, Senior Investment Analyst, MBA
Podcast: Why This Accounting Trick Is In the Danger Zone
CEO David Trainer sat down with Chuck Jaffe of Money Life to talk about our Danger Zone pick this week: Closing A New Accounting Loophole: Residual Value Guarantees.
Kyle Guske II, Senior Investment Analyst, MBA
Closing A New Accounting Loophole: Residual Value Guarantees
Investors are likely unaware of another new trick that hides major liabilities off-balance sheet.
David Trainer, Founder & CEO
Why Footnotes Are More Important Than You Think
Data in the financial statements is most meaningful when you consider the information in the footnotes.
Hakan Salt, Associate Investment Analyst
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
S&P 500 Companies With the Most Misleading Street Earnings
Most investors are not aware that Street Earnings suffer from significant flaws when compared to Core Earnings.
Kyle Guske II, Senior Investment Analyst, MBA
Podcast: Why Street Earnings Are in the Danger Zone
Investment Analyst Kyle Guske II sat down with Chuck Jaffe of Money Life to talk about our Danger Zone pick this week: S&P 500 Companies With the Most Misleading Street Earnings.
Kyle Guske II, Senior Investment Analyst, MBA
Operating Lease Disclosures: Updating The Good, the Bad & the Non-Compliant
We update our previous research on the best and worst disclosure practices and highlight a new disclosure tactic that enables companies to hide operating leases.
Alex Sword
Where’s Disney’s “Other Income”?
We noticed something missing from The Walt Disney Company’s (DIS) income statement in its fiscal 1Q21 10-Q: “Other Income.”
Matt Shuler, Investment Analyst II
MicroStrategy’s Outsized Bitcoin Holdings Distort Earnings
Similar to what we saw with Tesla’s recent Bitcoin purchase, MicroStrategy’s Bitcoin assets can be tools for earnings management.
Kyle Guske II, Senior Investment Analyst, MBA
New Operating Lease Disclosures: the Good, the Bad & the Non-Compliant
Without these disclosures, investors and analysts cannot develop a sound view of businesses that have a material amount of operating leases.
Kyle Guske II, Senior Investment Analyst, MBA
ICYMI: ROIC Trends for the S&P 500 and 11 Sectors, Fiduciary Red Flag: Priced for Global Domination, TD Ameritrade Interview & A COVID Write-Down Case Study
Here's what happened at New Constructs this past week.
Kyle Guske II, Senior Investment Analyst, MBA
Kitchen-Sink Effect In the Spotlight
A specific company example of how our cutting-edge technology sees through accounting tricks and provides our clients with a cleaner and more comprehensive measure of core earnings.
Kyle Guske II, Senior Investment Analyst, MBA
Updated HBS & MIT Sloan Paper: Corporate Managers Manipulate Earnings
The recently updated edition of the paper empirically proves that corporate managers bury gains & losses in the footnotes to help them meet or beat quarterly earnings goals.
David Trainer, Founder & CEO
Everything You Need to Know About Accounting Rule Changes
The FASB Tracker is your one-stop shop for knowing how changes in accounting standards affect investing.
Kyle Guske II, Senior Investment Analyst, MBA
HBS & MIT Sloan Paper: Our “Novel Database” Corrects Market Inefficiencies and Generates Alpha
“The implications of these findings are potentially far-reaching for investors and for researchers.”
David Trainer, Founder & CEO
Removing the Hedge Ineffectiveness Disclosure Requirement Is Not Good for Investors
The Financial Accounting Standards Board’s (FASB) Accounting Standards Update (ASU) 2017-12, reduces the disclosure requirements for companies and makes it more difficult for investors to analyze the true financial health of publicly-traded companies.
Kyle Guske II, Senior Investment Analyst, MBA
New Accounting Rules Limit Transparency and Harm Investors
We raise awareness for both regulators and investors of how recent changes in disclosures affect average investors.
Kyle Guske II, Senior Investment Analyst, MBA
Podcast: Why SEC Disclosure Requirements Are in the Danger Zone
Investment Analyst Sam McBride sat down with Chuck Jaffe of Money Life to talk about our Danger Zone pick this week: New Accounting Rules Limit Transparency and Harm Investors.
Kyle Guske II, Senior Investment Analyst, MBA
How Debt to Equity Can Mislead Investors
Millions of professional investors will soon see over $3 trillion in new debt added to corporate balance sheets, which will affect some stocks and sectors much more than others.
Sam McBride