Skip to content
New Constructs
  • Get Access
    • Individual Investors
    • Professional Investors
    • Free Resources
  • 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

footnotes

ICYMI
March 17, 20230Comments

ICYMI: New Long Idea, The Next Zombie Stock, More 10-K Season Revelations & Model Portfolio Updates

Here's what happened at New Constructs this past week.
by Kyle Guske II, Senior Investment Analyst, MBA
March 15, 20230Comments

Red Flags in the Footnotes – 10-K Filing Season 2023 Recap

During the Real Earnings Season, our Robo-Analyst analyzed 1,852 10-K and 10-Q filings, from which we collected 258,477 data points.
by Kyle Guske II, Senior Investment Analyst, MBA
March 9, 20230Comments

Holding Management Accountable & More Insights from the Real Earnings Season

We found interesting footnote disclosures in the filings of Teladoc, Rivian, Lucid and other companies during The Real Earnings Season.
by Kyle Guske II, Senior Investment Analyst, MBA
Danger Zone Podcast
March 6, 20230Comments

Podcast: Why Investors Ignoring Footnotes Are in The Danger Zone

Senior Investment Analyst Kyle Guske II sat down with Chuck Jaffe of Money Life to talk about our Danger Zone pick this week: Calculating True Profits & More from the Real Earnings Season.
by Kyle Guske II, Senior Investment Analyst, MBA
March 2, 20230Comments

Calculating True Profits & More from the Real Earnings Season

We found interesting footnote disclosures in the filings of Merck & Co. (MRK) and other companies during The Real Earnings Season.
by Kyle Guske II, Senior Investment Analyst, MBA
Danger Zone
February 20, 20230Comments

The Real Earnings Season Starts Now: Time to Read Filings & Footnotes 2023

Quarterly earnings season may be winding down, but the real earnings season – annual 10-K filing season – is ramping up.
by Kyle Guske II, Senior Investment Analyst, MBA
March 21, 20220Comments

The Importance of Reading Footnotes – Filing Season 2022 Recap

During the Real Earnings Season, our Robo-Analyst analyzed 1,893 10-K and 10-Q filings, from which we collected 264,723 data points.
by Kyle Guske II, Senior Investment Analyst, MBA
March 15, 20220Comments

Understated Profits & More From the Real Earnings Season

This week’s Filing Season Finds report highlights some of the most interesting footnote disclosures in the 176 10-Ks and 10-Qs our Robo-Analyst analyzed last week.
by Kyle Guske II, Senior Investment Analyst, MBA
March 7, 20220Comments

Eliminating Operating Lease Disclosure & More From the Real Earnings Season

This week’s Filing Season Finds report highlights some of the most interesting footnote disclosures in the 727 10-Ks and 10-Qs our Robo-Analyst analyzed last week.
by Kyle Guske II, Senior Investment Analyst, MBA
February 28, 20220Comments

Hidden Items Suppress True Profitability & More From the Real Earnings Season

We found interesting footnote disclosures in the filings of Fidelity National Information Services and other companies last week during The Real Earnings Season.
by Kyle Guske II, Senior Investment Analyst, MBA
February 23, 20220Comments

GE Cuts Transparency & More From the Real Earnings Season

We found interesting footnote disclosures in the filings of General Electric (GE) and other companies last week during The Real Earnings Season.
by Kyle Guske II, Senior Investment Analyst, MBA
Danger Zone
February 14, 20220Comments

The Real Earnings Season Starts Now: Time to Read Filings & Footnotes (Feb 2022)

Quarterly earnings season may be winding down, but the real earnings season – annual 10-K filing season – is ramping up
by Kyle Guske II, Senior Investment Analyst, MBA
Danger Zone Podcast
February 14, 20220Comments

Podcast: Why Ignoring Footnotes Could Land Your Portfolio in The Danger Zone

CEO David Trainer sat down with Chuck Jaffe of Money Life to talk about our Danger Zone pick this week: The Real Earnings Season Starts Now: Time to Read Filings & Footnotes.
by Kyle Guske II, Senior Investment Analyst, MBA
February 22, 20210Comments

The Real Earnings Season Starts Now: Time to Read Filings & Footnotes (Feb 2021)

The only way to overcome the flaws in GAAP net income is through rigorous analysis of company filings, especially the footnotes and MD&A.
by Kyle Guske II, Senior Investment Analyst, MBA
Danger Zone Podcast
February 22, 20210Comments

Podcast: Why Investors Ignoring the Footnotes Are in the Danger Zone

CEO David Trainer sat down with Chuck Jaffe of Money Life to talk about our Danger Zone pick this week: The Real Earnings Season Starts Now: Time to Read Filings & Footnotes.
by Kyle Guske II, Senior Investment Analyst, MBA
ICYMI
October 16, 20200Comments

ICYMI: Footnotes Analysis of Ford’s True Earnings, an ETF Building Value, Benzinga Interview, New Earnings Distortion Scorecard, 4Q20 Sector Ratings & Model Portfolio Updates

Here's what happened at New Constructs this past week.
by Matt Shuler, Investment Analyst II
Danger Zone
October 12, 20200Comments

Decoding Complex Footnotes to Get Ford’s True Earnings

See how our in-depth analysis of complex disclosures for this major auto manufacturer provides better earnings research than legacy research providers.
by Kyle Guske II, Senior Investment Analyst, MBA
Danger Zone Podcast
October 12, 20200Comments

Podcast: Why Investors That Don’t Read Footnotes Are In The Danger Zone

CEO David Trainer sat down with Chuck Jaffe of Money Life to talk about our Danger Zone pick this week: Decoding Complex Footnotes to Get Ford’s True Earnings.
by Kyle Guske II, Senior Investment Analyst, MBA
ICYMI
August 21, 20200Comments

ICYMI: New Long Ideas, Fiduciary Risk in Owning Tesla and Wayfair, WSJ Features our COVID-19 Write-downs & Model Portfolio Update

Here's what happened at New Constructs this past week.
by Kyle Guske II, Senior Investment Analyst, MBA
Long Idea
February 26, 20200Comments

Long Ideas: Finding Gold in the Footnotes (Feb 2020)

During the real earnings season, we find many companies whose GAAP earnings understate core earnings, a superior measure of profits.
by Kyle Guske II, Senior Investment Analyst, MBA
« Older Articles Newer Articles »

Search

  • Live-traded Indices
  • Free Trainings
  • 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 —
  • Join Our Online Community
  • How To Use Our Site
  • 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) – 16 reports
  • – Snap (SNAP) – 15 reports
  • – Carvana (CVNA) – 11 reports
  • – Disney (DIS) – 11 reports
  • – Intel Corporation (INTC) – 10 reports
  • – Wayfair (W) – 11 reports
  • – Uber (UBER) – 10 reports
  • – DoorDash (DASH) – 10 reports
  • – Beyond Meat (BYND) – 10 reports
  • – Peloton (PTON) – 10 reports
  • – Spotify (SPOT) – 9 reports
  • – Walmart (WMT) – 9 reports
  • – Skechers USA (SKX) – 9 reports
  • – JPMorgan (JPM) – 9 reports
  • – HCA Healthcare (HCA) – 9 reports
  • – Rivian Automotive (RIVN) – 8 reports
  • – Target (TGT) – 7 reports
  • – Coinbase (COIN) – 7 reports
  • – Oracle (ORCL) – 7 reports
  • – McDonald’s Corporation (MCD) – 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
  • – Cisco Systems (CSCO) – 7 reports
  • – Affirm Holdings (AFRM) – 7 reports
  • – Lyft Inc. (LYFT) – 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
  • – Alphabet (GOOGL) – 6 reports
  • – Colgate-Palmolive (CL) – 6 reports
  • – Southwest Airlines (LUV) – 6 reports
  • – Ford (F) – 6 reports
  • – NVR Inc. (NVR) – 6 reports
  • – Amgen (AMGN) – 6 reports
  • – Johnson & Johnson (JNJ) – 6 reports
  • – Universal Health Services (UHS) – 6 reports
  • – Kimberly-Clark (KMB) – 6 reports
  • – Allstate (ALL) – 6 reports
  • – John B. Sanfilippo & Son (JBSS) – 5 reports
  • – SYSCO Corporation (SYY) – 5 reports
  • – Zendesk (ZEN) – 5 reports
  • – Lam Research Corp (LRCX) – 5 reports
  • – Lear Corp (LEA) – 5 reports
  • – HF Sinclair (DINO) – 5 reports
  • – Omnicom Group (OMC) – 5 reports
  • – Dropbox (DBX) – 5 reports
  • – Robinhood Markets (HOOD) – 5 reports
  • – Sweetgreen (SG) – 5 reports
  • – Microsoft (MSFT) – 5 reports
  • – Caterpillar (CAT) – 4 reports
  • – TrueCar (TRUE) – 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
  • – Cummins (CMI) – 4 reports
  • – Equinix (EQIX) – 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.