New Constructs
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Why Companies Overpay For Acquisitions

Overpriced acquisitions are far from a new phenomenon, but they’ve been especially prevalent in recent months. As a result, we’ve gathered some ideas about the various reasons companies ignore the evidence and continue to overpay for acquisitions.
by Sam McBride
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Danger Zone: ServiceNow (NOW)

Just when we think the market is becoming more rational and beginning to focus on fundamentals again we find a stock that proves that idea wrong. Once again, we’ve identified a business that fails to generate profits, uses “adjusted” metrics as “better representations of business”, and who’s stock price is up over 200% since late 2012. ServiceNow (NOW) is in the Danger Zone this week.
by Kyle Guske II, Senior Investment Analyst, MBA
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Back in the Danger Zone: Salesforce.com (CRM)

Salesforce.com is a company that has grown rapidly in recent years. While some view their revenue growth as a good sign for investors, others are concerned about the company's mounting losses and falling cash flows. In this report, David Trainer and André Rouillard delve deeper into the financials of Salesforce.com and uncover some concerning trends that investors need to be aware of. From unprofitable acquisitions to hidden debt and liabilities, this report paints a different picture of Salesforce.com than the one many investors are used to. Read on to find out why the authors believe this stock could be headed for a fall.
by Andre Rouillard
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“Index” Label Myths

The word “index” in an ETF label does not always mean that investors are getting the specific exposure they seek. Diligence on ETF holdings is necessary despite what the providers might have you believe. Below I dispel the following myths concerning index ETFs.
by David Trainer, Founder & CEO