Tag Archives: economic earnings

Sandridge Energy (SD) – Free Report, for Ask Matt Readers, Highlighting a Major Red Flag in the Footnotes

August 19, 2010 – 2:10 pm

Here is our free report on Sandridge Energy for Ask Matt readers. Our analysis of the Financial Footnotes reveals a major RED FLAG: the company has written off over $3.4bn in assets in just the last two years.

By David Trainer | Posted in Stock Picks and Pans | Also tagged , , , , , , , , | Comments (0)

Stock Pick of the Week: Buy International Business Machines (IBM)

August 17, 2010 – 8:42 am

HIDDEN GEM: Our detailed valuation model shows that IBM grew its “economic” profits more than it accounting profits during its last fiscal year. Economic profits rose by $1.15bn while accounting profits rose by $1.09bn.

By David Trainer | Posted in Stock Picks and Pans | Also tagged , , , , , , , , , , , , , , , , | Comments (1)

Economic Versus Accounting Earnings

August 5, 2010 – 8:35 am

Accounting data was not designed for equity investors, but for debt investors. “Earnings, earnings per share and earnings growth are misleading measures of corporate performance.”(from page 66 in The Quest For Value by Bennett Stewart, Harper Collins 1991.)

By David Trainer | Posted in Decoding Propaganda, Investing 101 | Also tagged , , , , , , , , , , | Comments (36)

Finance 101

May 13, 2010 – 12:41 pm

Finance is the process for making accounting data useful.

Per Accounting 101: accounting data by itself is not useful. Think of accounting data as the words used in the language of Finance. Just as with any language, words can be arranged to convey almost any meaning.

By David Trainer | Posted in Investing 101 | Also tagged , , , , , , , , , , | Comments (6)
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