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IBM

September 24, 20131Comments

Unconsolidated Subsidiary Assets – Valuation Adjustment

Investors who ignore unconsolidated subsidiary assets are not getting a true picture of the cash available to be returned to shareholders. By adding unconsolidated subsidiary assets one can better understand the value of the stock to shareholders. Diligence pays.

by David Trainer, Founder & CEO

September 19, 20130Comments

Non-Operating Unconsolidated Subsidiaries—Invested Capital Adjustment

This report is one of a series on the adjustments we make to convert GAAP data to economic earnings. This report focuses on an adjustment we make to convert the reported balance sheet assets into invested capital.

by David Trainer, Founder & CEO

August 12, 20130Comments

Accumulated Goodwill Amortization and Unrecorded Goodwill – NOPAT Adjustment

Converting GAAP data into economic earnings should be part of every investor’s diligence process. Performing detailed analysis of footnotes and the MD&A is part of fulfilling fiduciary responsibilities.

by David Trainer, Founder & CEO

July 26, 20130Comments

How to Find the Best Style ETFs

Finding the best ETFs is an increasingly difficult task in a world with so many to choose from.

by David Trainer, Founder & CEO

July 11, 20130Comments

Accumulated Other Comprehensive Income Removed from Invested Capital – NOPAT Adjustment

Reported assets don’t tell the whole story of the capital invested in a business. Accounting rules provide numerous loopholes that companies can exploit to hide balance sheet issues and obscure the true amount of capital invested in a business.

by David Trainer, Founder & CEO

July 11, 20130Comments

Best & Worst ETFs & Mutual Funds: Information Technology Sector

The Information Technology sector ranks second out of the ten sectors as detailed in my Sector Rankings for ETFs and Mutual Funds report. It gets my Neutral rating, which is based on aggregation of ratings of 27 ETFs and 155 mutual funds in the Information Technology sector as of July 8, 2013.

by David Trainer, Founder & CEO

June 3, 20130Comments

Danger Zone 6/3/2013: Perma-Bears and Bubble Alarmists

I am optimistic about the U.S. economy and I don’t believe we are in bubble. Too many investors and economists are looking at the economy the wrong way.

by David Trainer, Founder & CEO

May 22, 20130Comments

How To Avoid the Worst Sector ETFs

Picking from the multitude of sector ETFs is a daunting task. In any given sector there may be as many as 43 different ETFs, and there are at least 171 ETFs across all sectors.

by David Trainer, Founder & CEO

May 16, 20130Comments

Buy Accenture (ACN): Profiting Off Others’ Innovations

No matter what time range I review, Accenture’s history attests to the quality of its management and business model.

by David Trainer, Founder & CEO

May 1, 20130Comments

Rating Breakdown: Best & Worst ETFs & Mutual Funds by Style

This report identifies the “best” ETFs and mutual funds based on the quality of their holdings and their costs.

by David Trainer, Founder & CEO

March 14, 20130Comments

How To Find the Best Style ETFs

Finding the best ETFs is an increasingly difficult task in a world with so many to choose from. Only a careful analysis of an ETF's holdings can allow investors to find the best ETFs for each style.

by David Trainer, Founder & CEO

January 29, 20130Comments

Best & Worst ETFs & Mutual Funds: Information Technology Sector

The Information Technology sector ranks third out of the ten sectors as detailed in my Sector Rankings for ETFs and Mutual Funds report. It gets my Neutral rating, which is based on aggregation of ratings of 27 ETFs and 157 mutual funds in the Information Technology sector as of January 24th, 2013.

by David Trainer, Founder & CEO

December 13, 20122Comments

How To Find the Best Style ETFs

Finding the best ETFs is an increasingly difficult task in a world with so many ETFs to choose from.

by David Trainer, Founder & CEO

July 17, 20120Comments

Best & Worst ETFs and Mutual Funds: Large-cap Value Style

The large-cap value style ranks fourth out of the twelve fund styles as detailed in my style roadmap. It gets my Neutral rating, which is based on an aggregation of the ratings of 38 ETFs and 744 mutual funds in the large-cap value style as of July 17, 2012.

by David Trainer, Founder & CEO

April 19, 20120Comments

Best & Worst ETFs & Mutual Funds: Technology Sector

The Information Technology sector ranks 3rd out of the ten sectors as detailed in my sector roadmap. It gets my Neutral rating, which is based on aggregation of ratings of 28 ETFs and 151 mutual funds in the Information Technology sector as of April 16th, 2012.

by David Trainer, Founder & CEO

January 25, 20112Comments

Stock Pick of the Week: Sell/Short Integrated Device Technology, Inc. (IDTI)- Very Dangerous Rating

Of the 561 technology stocks we cover, IDTI is one of the 77 that get our “very dangerous” rating and one of the few that make our most dangerous stocks list for January. The tech sector is tricky because there are several large-cap excellent stocks (MSFT, ADI and AAPL) that make the sector look very good and offer good hiding for some “very dangerous” smaller-cap stocks such as IDTI.

by David Trainer, Founder & CEO

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