Skip to content
New Constructs
  • Get Access
    • Professional Investors
    • Institutional Investors
    • Quantitative Investors
    • Research Reports & Model Portfolios
    • Individual Investors
    • Newsletter
  • Solutions
    • Indices
    • Stock Ratings
    • Credit Ratings
    • Sector Ratings
    • ETF & Mutual Fund Ratings
    • Earnings Distortion Scores
    • Model Portfolios
    • Long & Short Idea Research
    • Macro Fundamental Research
    • Portfolio Tracking & Alert Emails
    • Screening Tools
    • API
    • Excel Add-In
    • Company Models
    • Marked-Up SEC Filings
    • Research Blog
    • Fundamental Data Products
      • Core Earnings & Earnings Distortion
      • Reported Fundamentals
      • Proprietary Adjusted Fundamentals
      • Value Screens/Metrics
      • Enhanced Value Screens/Metrics
  • Blog
  • Community
    • Online Community Forum
      • Join our Online Community
    • Live Video Podcast (Free)
    • Let’s Talk Long Ideas (Members Only)
    • YouTube Channel
    • Education
      • Free Training Sessions
      • Value Investing 2.0
      • Metrics Definitions
      • Rating Methodologies
      • Accounting Loopholes
      • FASB Tracker
      • Company Models
  • Company
    • About Us
    • Customer Testimonials
    • Partnerships
    • Papers & Case Studies
      • Proven-Superior Models
      • Proven-Superior Stock Ratings
      • Novel Alpha in our Proprietary Data
    • Robo-Analyst Technology
    • News & Media Coverage
    • Stock Picking Accolades
    • Careers
  • Members

EXPE

Danger Zone Podcast
June 6, 20220Comments

Podcast: Why These S&P 500 Companies 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: Street Earnings Overstated for 67% of S&P 500 Companies in 1Q22
by Kyle Guske II, Senior Investment Analyst, MBA
Overstated Earnings
May 27, 20220Comments

Street Earnings Overstated for 67% of S&P 500 Companies in 1Q22

Five S&P 500 companies with overstated Street Earnings and an Unattractive-or-worse Stock Rating.
by Kyle Guske II, Senior Investment Analyst, MBA
June 30, 20210Comments

Debt to Capital: Unscrubbed Data Creates Misleading Credit Ratings

This report explains how our “Adjusted” Debt to Capital ratio is better than the “Traditional” ratio because the Traditional ratio is based on unscrubbed financial data.
by Matt Shuler, Investment Analyst II
December 7, 20200Comments

Airbnb’s Higher Valuation Is Reasonable

The new valuation changes nothing about the firm’s business but increases the execution risk of management achieving the expectations baked into the stock.
by Kyle Guske II, Senior Investment Analyst, MBA
December 3, 20200Comments

Investors Can Rest Well with Airbnb’s IPO

If Airbnb can continue to execute as it has to date, we think the firm could achieve the future cash flow expectations implied by a $28 billion valuation.
by Kyle Guske II, Senior Investment Analyst, MBA
November 25, 20200Comments

Investors Can Rest Well with this IPO

If this firm can continue to execute as it has to date, we think it could achieve the future cash flow expectations implied by its valuation.
by Kyle Guske II, Senior Investment Analyst, MBA
October 26, 20200Comments

Earnings Distortion Scorecard: Week of 11/2/20-11/6/20

For the week of 11/2/20-11/6/20, we focus on the Earnings Distortion Scores for 118 companies.
by Kyle Guske II, Senior Investment Analyst, MBA
September 4, 20190Comments

Position Close Update: Expedia Group (EXPE)

EXPE no longer presents the same risk/reward given the improvement to corporate governance and rising ROIC.
by Kyle Guske II, Senior Investment Analyst, MBA
Danger Zone
February 25, 20192Comments

Danger Zone: Finding Danger in the Footnotes

From the first week and a half of filing season, we’re highlighting two of the firms with economic earnings going the opposite direction of reported profits.
by Kyle Guske II, Senior Investment Analyst, MBA
December 15, 20163Comments

Trivago (TRVG) – Let This IPO Travel Alone

The stock (at the midpoint of its IPO range) gets our Dangerous rating, and we advise caution when considering an investment in it for the following reasons.
by Kyle Guske II, Senior Investment Analyst, MBA
October 6, 20160Comments

Consumer Discretionary Sector 4Q16: Best and Worst

The Consumer Discretionary sector ranks second out of the ten sectors as detailed in our 4Q16 Sector Ratings for ETFs and Mutual Funds report. It gets our Attractive rating.
by Kyle Guske II, Senior Investment Analyst, MBA
February 19, 20160Comments

Danger Zone Performance Worth Noting

The market awards the most value to the companies that give the most back. It punishes those that do not create value. Figure 1 shows how well our Danger Zone picks have done.
by Kyle Guske II, Senior Investment Analyst, MBA
November 30, 20152Comments

Why PE Ratios Are Not A Good Measure Of Value

We’ve pointed out the flaws in the price to earnings (PE) ratio many times before. Chief among these flaws is the fact that the accounting earnings used in the ratio are unreliable for many reasons:
by Sam McBride
New Constructs
September 17, 20150Comments

David Discusses the Merit Behind Placing Expedia In The Danger Zone

CEO David Trainer sat down with Chuck Jaffe of Money Life and MarketWatch.com to talk about our Danger Zone pick this past week: Expedia Inc. (EXPE)
by Kyle Guske II, Senior Investment Analyst, MBA
September 14, 20151Comments

Expedia’s Acquisitions Are Destroying Shareholder Value

After greatly outpacing the gains of the market over the past two years, we believe Expedia Inc. (EXPE) could be the next momentum stock to see its run end. A mix of overvaluation and destruction of shareholder value lead Expedia into the Danger Zone this week.
by Kyle Guske II, Senior Investment Analyst, MBA

Search

  • Free Trainings & Earnings Watch Parties
  • David Trainer’s E-Letters
  • —
  • Long Ideas
  • Danger Zone (Sell/short ideas)
  • IPO Research
  • Footnotes Season Finds
  • —
  • Stock Picking Awards & Media Features
  • Testimonials
  • General Market Comments
  • —
  • Model Portfolios
  • – Focus List Stocks: Long
  • – Focus List Stocks: Short
  • – Most Attractive Stocks
  • – Most Dangerous Stocks
  • – Best & Worst ETFs & Mutual Funds by Sector
  • – Best & Worst ETFs & Mutual Funds by Style
  • – Exec Comp Aligned With ROIC
  • – Safest Dividend Yields
  • – Dividend Growth Stocks
  • – Model Portfolio Performance
  • —
  • — Training & Education —
  • How To Use Our Site
  • Join Our Online Community
  • Investing 101
  • Backtest Data Details & Case Studies
  • Accounting Rule Changes
  • ROIC Drives Equity Valuation
  • – Enterprise Value Optimization
  • DOL Fiduciary Regulation
  • M&A Analysis
  • Fundamental Macro Trends & Sector Fundamentals
  • Machine Learning & AI for Smarter Investing
  • —
  • Company Report Index
  • – Tesla (TSLA) – 26 reports
  • – Netflix (NFLX) – 24 reports
  • – General Motors (GM) – 15 reports
  • – Snap (SNAP) – 14 reports
  • – Carvana (CVNA) – 11 reports
  • – Disney (DIS) – 10 reports
  • – Intel Corporation (INTC) – 10 reports
  • – Wayfair (W) – 11 reports
  • – Uber (UBER) – 10 reports
  • – Beyond Meat (BYND) – 10 reports
  • – Spotify (SPOT) – 9 reports
  • – Walmart (WMT) – 9 reports
  • – DoorDash (DASH) – 9 reports
  • – Peloton (PTON) – 9 reports
  • – Skechers USA (SKX) – 9 reports
  • – JPMorgan (JPM) – 8 reports
  • – Rivian Automotive (RIVN) – 8 reports
  • – Target (TGT) – 7 reports
  • – Coinbase (COIN) – 7 reports
  • – Oracle (ORCL) – 7 reports
  • – McDonald’s Corporation (MCD) – 7 reports
  • – HCA Healthcare (HCA) – 7 reports
  • – Discover Financial (DFS) – 7 reports
  • – AutoZone (AZO) – 7 reports
  • – Shake Shack (SHAK) – 7 reports
  • – D.R. Horton (DHI) – 7 reports
  • – Meritage Homes (MTH) – 7 reports
  • – Allison Transmission Holdings (ALSN) – 7 reports
  • – Valeant (VRX) – 6 reports
  • – Cracker Barrel (CBRL) – 6 reports
  • – Best Buy (BBY) – 6 reports
  • – Amazon (AMZN) – 6 reports
  • – Verizon Communications (VZ) – 6 reports
  • – GameStop (GME) – 6 reports
  • – Cisco Systems (CSCO) – 6 reports
  • – Alphabet (GOOGL) – 6 reports
  • – Colgate-Palmolive (CL) – 6 reports
  • – Southwest Airlines (LUV) – 6 reports
  • – Ford (F) – 6 reports
  • – NVR Inc. (NVR) – 6 reports
  • – Affirm Holdings (AFRM) – 6 reports
  • – Amgen (AMGN) – 6 reports
  • – John B. Sanfilippo & Son (JBSS) – 5 reports
  • – SYSCO Corporation (SYY) – 5 reports
  • – Zendesk (ZEN) – 5 reports
  • – Johnson & Johnson (JNJ) – 5 reports
  • – Lam Research Corp (LRCX) – 5 reports
  • – Lear Corp (LEA) – 5 reports
  • – Universal Health Services (UHS) – 5 reports
  • – HF Sinclair (DINO) – 5 reports
  • – Omnicom Group (OMC) – 5 reports
  • – Allstate (ALL) – 5 reports
  • – Dropbox (DBX) – 5 reports
  • – Robinhood Markets (HOOD) – 5 reports
  • – Sweetgreen (SG) – 5 reports
  • – Microsoft (MSFT) – 4 reports
  • – Caterpillar (CAT) – 4 reports
  • – TrueCar (TRUE) – 4 reports
  • – Kimberly-Clark (KMB) – 4 reports
  • – Simon Property Group (SPG) – 4 reports
  • – Thor Industries (THO) – 4 reports
  • – Box, Inc. (BOX) – 4 reports
  • – Pinterest (PINS) – 4 reports
  • – Shopify (SHOP) – 4 reports
  • – MasTec Inc. (MTZ) – 4 reports
  • – AMC Entertainment (AMC) – 4 reports
  • – Eventbrite (EB) – 4 reports
  • – Equinix (EQIX) – 3 reports
  • – Cummins (CMI) – 3 reports

About Us Testimonials In the News Support Careers General Legal Documentation
Copyright 2025 New Constructs, LLC All Rights Reserved
Registration on or use of this site constitutes acknowledgement of our Disclosures and Disclaimers and acceptance of our Terms of Use and Privacy Policy.