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Verizon

August 14, 20130Comments

Adjusting Shareholder Value for Minority Interests

We subtract the fair value of the minority interest liability from shareholder value in our DCF model as the minority interest shareholders have the rights to that portion of the cash flows. Without careful research, investors would never know that these minority interest liabilities distort GAAP numbers.
by David Trainer, Founder & CEO
July 15, 20131Comments

Best & Worst ETFs & Mutual Funds July 2013: Telecom Sector

The Telecom sector ranks seventh out of the ten sectors as detailed in my Sector Rankings for ETFs and Mutual Funds report. It gets my Dangerous rating, which is based on aggregation of ratings of 4 ETFs and 13 mutual funds in the Telecom sector as of July 10, 2013.
by David Trainer, Founder & CEO
June 12, 20132Comments

Adjusting NOPAT for Non-Operating Expenses Hidden in Operating Earnings

Non-operating expenses are unusual charges that don’t appear on the income statement because they are bundled in other line items. Without careful footnotes research, investors would never know that these non-recurring expenses distort GAAP numbers by lowering operating earnings.
by David Trainer, Founder & CEO
October 9, 20122Comments

How I Find the Best ETFs

This article explains how I determine the best ETFs in the 25 reports I publish each quarter on the Best & Worst ETFs and Mutual Funds Series by Sector and Style. Here is my 4Q Best & Worst preview. I follow these steps:
by David Trainer, Founder & CEO
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