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

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

July 15, 20190Comments

Removing the Hedge Ineffectiveness Disclosure Requirement Is Not Good for Investors

The Financial Accounting Standards Board’s (FASB) Accounting Standards Update (ASU) 2017-12, reduces the disclosure requirements for companies and makes it more difficult for investors to analyze the true financial health of publicly-traded companies.

by Kyle Guske II, Senior Investment Analyst, MBA

July 2, 20191Comments

Interactive Brokers to Host Webinar on July 16, 12pm ET: “ROIC: The Truth Behind the Numbers”

See “ROIC: The Truth Behind the Numbers” on the Interactive Brokers Education platform.

by Kyle Guske II, Senior Investment Analyst, MBA

March 7, 20190Comments

An Unusual Tax Benefit Is Today’s Filing Season Find

From yesterday's research, our analysts parsed 29 10-K filings and collected 2,178 data points. In total, they made 491 forensic accounting adjustments with a dollar value of $137 billion.

by Sam McBride

March 7, 20192Comments

Finding Danger in the Footnotes – TD Ameritrade Network

David Trainer joined Morning Trade Live on the TD Ameritrade Network to show how footnotes reveal highly misleading reported earnings and overvalued stock prices.

by Kyle Guske II, Senior Investment Analyst, MBA

February 27, 20190Comments

Long Ideas: Finding Gold in the Footnotes (Feb 2019)

Our analysis of footnotes is critical to finding companies where reported earnings understate economic earnings.

by Kyle Guske II, Senior Investment Analyst, MBA

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

February 25, 20190Comments

Podcast: How Analyzing 10-Ks Landed These Stocks in the Danger Zone

CEO David Trainer sat down with Chuck Jaffe of Money Life to talk about our Danger Zone pick this week: Danger Zone: Finding Danger in the Footnotes.

by Kyle Guske II, Senior Investment Analyst, MBA

February 22, 20190Comments

ICYMI: New Long Ideas, Finding Gold in Footnotes, IBKR Webinar Signup, Real Vision Interview & Model Portfolio Updates

Here's what happened at New Constructs this past week.

by Kyle Guske II, Senior Investment Analyst, MBA

February 19, 20190Comments

The Real Earnings Season Starts Now: Finding Gold in Footnotes

Corporate earnings season may be winding down, but the real earnings season – annual 10-K filing season – starts today.

by Sam McBride

February 21, 20180Comments

The Real Earnings Season Starts Now

Corporate earnings season may be winding down, but the real earnings season – annual 10-K filing season – starts today.

by Sam McBride

May 4, 20172Comments

The Earnings Recovery Is A Sham

Our analysis of the latest 10-K filings for the 2,600 largest and most actively-traded companies shows that the much-hyped end to the earnings recession is an accounting illusion.

by Sam McBride

April 19, 20170Comments

10-K Filing Season Recap

During filing season, our robo-analyst technology read through 2,139 10-K (or international equivalent) filings and collected 49,862 data points. Our analyst team used this data to make 49,862 adjustments with a dollar value of $16.1 trillion.

by Sam McBride

February 28, 20170Comments

Filing Season Finds: Tuesday, February 28

Yesterday, our analysts parsed 125 filings and collected 17,650 data points. In total, they made 2,921 adjustments with a dollar value of $599 billion. In particular, analyst Allen L. Jackson found an unusual item yesterday in Allegheny Technologies (ATI) 10-K.

by Sam McBride

January 12, 20150Comments

Danger Zone: Investors Who Ignore the Footnotes in 2015

Investors who aren't paying attention to the information disclosed in companies' financial footnotes are increasingly in danger of losing some of their investment.

by Andre Rouillard

September 2, 20140Comments

Why Footnotes Matter

Hidden items lurking in the financial footnotes can dramatically impact a company's yearly profitability.

by Andre Rouillard

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