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footnotes

April 2, 20260Comments

4Q25 Footnotes Season: Created $2.0 Million in Value

During 4Q25 Footnotes Season, we parsed 2,234 10-Q and 10-K filings and created $2,010,600 of value for clients.
by Kyle Guske II, Senior Investment Analyst, MBA
ICYMI
March 13, 20260Comments

ICYMI: New Long Idea, Prescient Danger Zone Picks, Closing Billion $ Loopholes, How Footnotes Warned About A Crash, Expectations Investing Case Study, Model Portfolio Updates & More

Here's what happened at New Constructs during the week of March 9, 2026.
by Kyle Guske II, Senior Investment Analyst, MBA
March 11, 20260Comments

Footnotes Warned Us Before Oracle’s AI Bets Unraveled

The signs were there all along, you just had to know where to look.
by Kyle Guske II, Senior Investment Analyst, MBA
March 10, 20260Comments

Closing A New Accounting Loophole: Residual Value Guarantees

Investors are likely unaware of another new trick that hides major liabilities off-balance sheet.
by Lee Moneta-Koehler
February 24, 20260Comments

Hidden Unusual Expenses Buried in the Footnotes Lead to Stock Rating Upgrade

See one of the many interesting discoveries from the 190 10-Ks and 10-Qs our Robo-Analyst AI analyzed in the first, short week of Footnotes Season.
by Kyle Guske II, Senior Investment Analyst, MBA
February 9, 20260Comments

Podcast: Earnings Data Is Wrong And Could Hurt Your Portfolio

Learn why footnotes matter and how we leverage our reverse discounted cash flow model to quantify the expectations baked into stock prices.
by Kyle Guske II, Senior Investment Analyst, MBA
ICYMI
January 23, 20260Comments

ICYMI: New Long Idea, Replay: The 2026 Portfolio Review, Sector Rankings for 1Q26, Best & Worst Sector ETFs & Mutual Funds, Model Portfolio Updates & More

Here's what happened at New Constructs during the week of January 19, 2026.
by Kyle Guske II, Senior Investment Analyst, MBA
January 22, 20260Comments

The 2026 Portfolio Review: Protect your Wealth with our Newest Institutional-Grade Tool

Processing the upcoming wave of financial filings is an enormous undertaking.
by Kyle Guske II, Senior Investment Analyst, MBA
November 20, 20250Comments

3Q25 Footnotes Season: Created $2.7 Million in Value

During 3Q25 footnotes season, we parsed 2,993 10-Q and 10-K filings and created $2,693,700 of value for clients.
by Kyle Guske II, Senior Investment Analyst, MBA
September 12, 20250Comments

Special Bloomberg Webinar Showcases the Alpha of the Core Earnings Leaders Index

The Bloomberg New Constructs Core Earnings Leaders Index allocates based on Earnings Capture and Core Earnings.
by Hakan Salt, Associate Investment Analyst
August 21, 20250Comments

2Q25 Footnotes Season: Created $2.5 Million in Value

During 2Q25 footnotes season, we parsed 2,827 10Q and 10K filings and created $2,544,500 of value for clients.
by Kyle Guske II, Senior Investment Analyst, MBA
June 23, 20250Comments

Don’t Be Misled by Flawed Metrics

The only way to truly understand the health of the underlying business of a company is to go through the footnotes in the filings.
by Hakan Salt, Associate Investment Analyst
May 30, 20250Comments

ICYMI: New Long Idea, FREE Stock Pick, Earnings Watch Replay, Beware Fake Dividends, The Importance of Footnotes, Focus List Stocks: Long Updates and Position Closes, Model Portfolio Updates & More

Here's what happened at New Constructs during the week of May 26, 2025.
by Hakan Salt, Associate Investment Analyst
May 29, 20250Comments

Why Footnotes Are More Important Than You Think

Data in the financial statements is most meaningful when you consider the information in the footnotes.
by Hakan Salt, Associate Investment Analyst
May 21, 20250Comments

1Q25 Footnotes Season: Created $2.5 Million in Value

During 1Q25 footnotes season, we parsed 2,805 10Q and 10K filings and created $2,524,500 of value for clients.
by Kyle Guske II, Senior Investment Analyst, MBA
April 4, 20250Comments

4Q24 Footnotes Season Recap: Created $2.1 Million in Value

During 4Q24 Footnotes Season, our Robo-Analyst helped us make 38,492 Core Earnings, balance sheet, and valuation adjustments worth $21.8 trillion.
by Kyle Guske II, Senior Investment Analyst, MBA
March 26, 20250Comments

An Undervalued Gem Upgraded During 10-K Filing Season

This week’s Filing Season Finds report highlights a Technology company for understating its profits by $164 million (12% of GAAP earnings)
by Kyle Guske II, Senior Investment Analyst, MBA
March 19, 20250Comments

Overstated Profits and an Expensive Valuation Lead to an Unattractive Stock Rating

This week’s Filing Season Finds report highlights Venture Globa for overstating its profits by $365 million (25% of GAAP earnings).
by Kyle Guske II, Senior Investment Analyst, MBA
March 11, 20250Comments

Hidden Data in 10-K Helps This Stock Get our Very Attractive Rating

This week’s Filing Season Finds report highlights Merck & Co. (MRK) for understating its profits by $1.3 billion (8% of GAAP earnings).
by Kyle Guske II, Senior Investment Analyst, MBA
March 5, 20250Comments

Hidden Profits During 10-K Filing Season Don’t Always Lead to a Good Stock

This week’s Filing Season Finds report highlights AstraZeneca (AZN) for understating its profits by $1.1 billion (16% of GAAP earnings)
by Kyle Guske II, Senior Investment Analyst, MBA
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