October’s Most Attractive Stocks Available to Public Today
We released October's Most Attractive Stocks report to the public today.
David Trainer, Founder & CEO
David Trainer, Founder & CEO
Q&A on ETF Research with David Trainer
See my latest video interview with WealthManagement.com. I describe the diligence behind our predictive ETF and mutual fund ratings.
David Trainer, Founder & CEO
October’s Most Dangerous Stocks Available to Subscribers Today
October’s newsletter with the 40 Most Dangerous Stocks was released to subscribers today. It will be available for purchase by the public on Monday 10/8.
David Trainer, Founder & CEO
October’s Most Attractive Stocks Available to Subscribers Today
October's newsletter with the 40 Most Attractive Stocks was released to subscribers today. It will be available for purchase by the public on Monday 10/8.
David Trainer, Founder & CEO
The Danger Zone Pick: 10/1/12
In my weekly Danger Zone interview with Chuck Jaffe, I highlight one of the worst ETFs in the market as well as my unique analysis of ETFs.
David Trainer, Founder & CEO
I Hate the Guts of This ETF: Sell URE
The guts of an ETF are its holdings. And an ETF’s guts are what drive my ETF ratings. As highlighted in Barron’s, the only truly diligent assessment of an ETF is based on its holdings.
Research on an ETF’s holdings is important because an ETF’s performance is only as good as its holdings. Therefore, if you care about performance, you care about the ETF’s holdings.
David Trainer, Founder & CEO
Sell Life Time Fitness: Valuation Is on Steroids
Working out makes just about everything in my life better. I have more energy, food tastes better and (at least feel as if) I look better. I even think it makes me smarter.I do not feel good about Life Time Fitness (LTM)’s stock, however. The growth expectations in the stock are much too high. And I do not believe in management’s over confident EPS guidance.
David Trainer, Founder & CEO
Fox Interview: Street Fight and Market Outlook
In my recent interview, Fox Business' David Asman digs into the details of what makes a good stock in the current market environment.
David Trainer, Founder & CEO
The Danger Zone Pick: 9/24/12
Life Time fitness CEO predicts 15% growth at best.
In my weekly Danger Zone interview, I explain how that expectation, even if it comes true, implies unrealistic member and profit growth.
The
David Trainer, Founder & CEO
Don’t Trust This Utility’s Dividend
Smart investors consider more than just the dividend of a stock. They also consider the principal risk. If the principal risk is greater than the dividend yield then the dividend is of no real value. I see the principal risk of this stock at more than 15% with a fair value closer to $50 – after adjusting for the pension accounting shenanigans.
David Trainer, Founder & CEO
Less Than 1% of Managers Deliver Alpha: Here Are Details
"New research on the performance of institutional portfolios shows that after risk adjustment, 24% of funds fall significantly short of their chosen market benchmark and have negative alpha, 75% of funds roughly match the market and have zero alpha, and well under 1% achieve superior results after costs—a number not statistically significantly different from zero."
David Trainer, Founder & CEO
The Danger Zone Pick: 9/17/12
The impact on valuation: instead of a fair value in the mid $50s, I now see it in the low $40s - about 30% lower than where the stock is today. 30% dwarfs the 4% dividend yield.
David Trainer, Founder & CEO
The Danger Zone Pick: 9/11/12
Check you the latest Danger Zone interview on a company employing misleading merger accounting.
David Trainer, Founder & CEO
September’s Most Dangerous Stocks Report Released to Public Today
September's Most Dangerous Stocks report is now available to the public. 6 new stocks were added this month.
David Trainer, Founder & CEO
September’s Most Attractive Stocks Released to the public today
September's Most Attractive Stocks list is now available to the public. 13 new stocks were added this month.
David Trainer, Founder & CEO
“Earnings Accretion” Is a Mirage: Sell HOLX
Sometimes when I analyze a stock, I am reminded of the marvels that investment bankers can do for their valuations, especially if the company is a good client. With its recent $3.7 billion acquisition of Gen-Probe, I would bet that Hologic (HOLX) made its investment bankers quite happy. Investors, on the contrary, should sell the stock and not be happy with that deal.
David Trainer, Founder & CEO
The Danger Zone Pick: 9/4/12
My Danger Zone pick this week is also my Stock Pick of the Week. Listen to all the details in my weekly interview with MarketWatch's Chuck Jaffe.
David Trainer, Founder & CEO
The High-Low Fallacy: Don’t Believe the Merger Hype
One of the biggest misconceptions in the investing world is that the merit of an acquisition should be judged by whether or not it is “earnings accretive”. The impact of an acquisition on a company’s accounting earnings is not indicative of its economic value to shareholders.
David Trainer, Founder & CEO
A Value Investor’s Classic: Phillip Morris (PM)
My last recommendation was new to the value-investing club (see Buy CSCO: A Treat For Value Investors). This week, I bring back a classic value stock: Phillip Morris (PM).
David Trainer, Founder & CEO
The Importance of Expectations – The Question that Bears Repeating: What’s Priced In?
As detailed in "How To Make Money Picking Stocks", quantifying the future cash flow expectations embedded in stock prices is critical to making an informed investment decision.
My mentor, Michael Mauboussin, in his latest piece: " The Importance of Expectations – The Question that Bears Repeating: What’s Priced In?" explains more eloquently than I that the key to successful investing is to systematically distinguish between price and value – two very distinct concepts.
David Trainer, Founder & CEO