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footnotes

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
February 21, 20200Comments

The Real Earnings Season Starts Now: Time to Read the Footnotes

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
Core v. GAAP Abridged
January 16, 20200Comments

Getting Core Earnings Right

Though most investors take for granted that corporate managers fudge their earnings, there’s never been any empirical data and evidence to prove it – until now.
by Kyle Guske II, Senior Investment Analyst, MBA
Economic Earnings vs. GAAP Earnings
January 13, 20200Comments

How We Calculate Earnings Distortion Scores

Our Earnings Distortion Scores empower investors to combat management efforts to obfuscate financial performance.
by Kyle Guske II, Senior Investment Analyst, MBA
January 13, 20200Comments

Core Earnings & Earnings Distortion: Explanation & Examples

Our “novel dataset” of footnotes disclosures enables analysts to strip out the unusual items that distort core earnings measures from traditional sources.
by Kyle Guske II, Senior Investment Analyst, MBA
Long Idea
December 11, 20190Comments

This New Long/Short ETF Finds Great Fundamental Value

This ETF follows a more comprehensive analytical process, which looks beyond traditional metrics, and studies footnotes to identify value.
by Sam McBride
November 21, 20190Comments

Updated HBS & MIT Sloan Paper: Corporate Managers Manipulate Earnings

The recently updated edition of the paper empirically proves that corporate managers bury gains & losses in the footnotes to help them meet or beat quarterly earnings goals.
by David Trainer, Founder & CEO
November 15, 20190Comments

Everything You Need to Know About Accounting Rule Changes

The FASB Tracker is your one-stop shop for knowing how changes in accounting standards affect investing.
by Kyle Guske II, Senior Investment Analyst, MBA
November 7, 20190Comments

See How Our Data Helps You Pick Better Stocks on Benzinga’s PreMarket Prep

We joined Benzinga’s PreMarket Prep on November 7 to discuss the HBS & MIT Sloan paper, its takeaways, and how you can use our data featured in the paper to pick better stocks.
by Kyle Guske II, Senior Investment Analyst, MBA
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