April 16, 20190Comments

Big Tech Still Dominates Economic Earnings Growth

GAAP earnings don’t just mislead investors about the amount of growth in 2018, they also present a misleading picture of the breadth of earnings growth.

by Sam McBride

December 3, 20180Comments

The “Earnings Recovery” Remains an Accounting Mirage

U.S. equities may have rebounded from 2015 lows, but economic earnings – which reverse accounting distortions and account for the weighted average cost of capital – remain in a persistent downturn.

by Kyle Guske II, Senior Investment Analyst, MBA

August 22, 20180Comments

Worst Offenders: Pension Discount Rates

This report red flags the firms with the most underfunded pensions and the most aggressive discount rate assumptions for future benefit obligations.

by Sam McBride

June 18, 20182Comments

Worst Offenders: Expected Return On Plan Assets

This report red flags the firms with the most underfunded pensions and the most aggressive assumptions for returns they expect to earn on the pension assets.

by Sam McBride