March 30, 20230Comments

Our Company Models In Excel – Now Even Better

We’re excited to announce that we updated the Excel models to be 100% dynamic; so clients can operate our Reverse DCF model in Excel.

by Kyle Guske II, Senior Investment Analyst, MBA

May 5, 20200Comments

Model Enhancement: Improved Override Capabilities

We’re excited to announce enhancements to the Override capability in our Company Valuation Models.

by Kyle Guske II, Senior Investment Analyst, MBA

June 18, 20190Comments

Webinar: “How a Reverse Discounted Cash Flow (DCF) Model Works” – Hosted by Interactive Brokers

Watch the webinar replay to learn how we use our DCF model to quantify the cash flow expectations baked into stock prices.

by Sam McBride

June 4, 20190Comments

Interactive Brokers to Host Webinar on June 18, 12pm ET: “How a Reverse Discounted Cash Flow Model Works”

See “How a Reverse Discounted Cash Flow Model Works” on the Interactive Brokers Education platform.

by Kyle Guske II, Senior Investment Analyst, MBA

September 14, 20150Comments

Modernizing Financial User-Interface Programs – Barron’s

This past weekend, Barron’s magazine featured our research for the fifth time in 2015 and 14th time since 2014.

by Kyle Guske II, Senior Investment Analyst, MBA

August 7, 20134Comments

How New Constructs’ Reverse Discounted Cash Flow (DCF) Model Works

We make discounted cash flow (“DCF”) models useful and democratize the benefits of analyzing the future cash flow expectations baked into stock prices.

by David Trainer, Founder & CEO

February 11, 20111Comments

For Ask Matt readers: Abbot Laboratories (ABT) – Attractive Rating

HIDDEN GEM: ABT's current stock price (~$45 per share) implies the company’s profits will permanently decline by 20%. In other words, the market is not only giving no credit for future profit growth, it is predicting a significant (20%) decline in profits.

by David Trainer, Founder & CEO

January 4, 20110Comments

Stock Pick of the Week: Buy Accenture Plc (ACN)- Very Attractive Rating

HIDDEN GEMS: 1. Our discounted cash flow analysis shows that ACN’s current valuation (stock price of $48.59) implies that the company’s profits will decline by 9% and never grow again. 2. Economic earnings are higher than reported accounting earnings. 3. Excess cash of $3,728mm or about 12% of its market cap

by David Trainer, Founder & CEO

November 19, 20100Comments

Western Digital Corp (WDC) – free report for Ask Matt, Very Attractive Rating

HIDDEN GEM: Our detailed valuation model shows that WDC grew its “economic” profits by 226% while accounting profits grew 194% during its last fiscal year. Economic profits rose by $769mm while accounting profits rose by $912mm.

by David Trainer, Founder & CEO

August 24, 20100Comments

Stock Pick of the Week: Sell/Short FedEx Corp (FDX)

RED FLAG: The main driver of the difference between Economic and Accounting earnings is FDX's $11.9bn of off-balance sheet debt, a big number compared to $19.7bn in Net Assets and $25.6bn of market value.

by David Trainer, Founder & CEO

July 27, 20100Comments

Stock Pick of the Week: Buy Xilinx (XLNX)

HIDDEN GEM: Our detailed valuation model shows that XLNX grew its "economic" profits by nearly $14mm during its last fiscal year while it reported an $18mm decline in accounting profits.

by David Trainer, Founder & CEO

July 20, 20100Comments

Stock Pick of the Week: Sell/Short Whole Foods Market (WFMI)

One of the Most Dangerous Stocks for July, Whole Foods has misleading earnings and a sky-high valuation, in our opinion. The same is true for all of our Most Dangerous Stocks.

by David Trainer, Founder & CEO

July 7, 20101Comments

Charles Schwab Corp (SCHW) Neutral Risk/Reward Rating for Ask Matt Readers

Here is a free copy of our report on SCHW for Ask Matt readers. This report provides details behind Matt's analysis of SCHW in his recent article in USA Today:

by David Trainer, Founder & CEO

June 1, 20100Comments

Sirius Satellite – A Dangerous Stock

TheStreet.com recently published three articles quoting me on SIRI. Andrea Tse called and, after reviewing our models on SIRI, I told her that the stock was Dangerous because:

by David Trainer, Founder & CEO

May 28, 20100Comments

NYSE – Why it’s on the Most Dangerous List

There are two primary reasons a stock gets on our Most Dangerous List: 1. Misleading earnings: reported GAAP earnings are positive and rising while economic earnings are negative and declining 2. Expensive valuation: future cash flow expectations embedded in the current price are unusually high especially compared to historical performance. Free copy of our report on NYX is in the Free Archive on www.newconstructs.com. Or just click here: NYX Company Valuation Report.

by David Trainer, Founder & CEO

May 19, 20102Comments

How to Make Money Picking Stocks

The best strategy for making money in stocks is "buy low expectations & sell high expectations." Sounds easy — but if it was easy, everyone would do it, right?

by David Trainer, Founder & CEO