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Large Cap Blend Style

Monday, September 15th, 2014 BW Final-3rd

The Large Cap Blend style ranks first out of the twelve fund styles as detailed in my Style Rankings for ETFs and Mutual Funds report.

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Update: Intel Earnings

Wednesday, July 16th, 2014 6675870523_bf9cec5f1d_m

In my most recent article, I said that modest growth over the next 15 years makes Intel worth ~$41 share today, and this earnings report strengthens my belief in that fair value estimate.

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Recovering PC Market Makes Intel Still A Buy

Wednesday, July 2nd, 2014 6675870523_bf9cec5f1d_m

INTC is still a good stock for a value investor, but it’s not as great as it was eight months ago.

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10 Wonderful Companies That Are Bad Stocks

Tuesday, June 17th, 2014 2170006920_60e219296d_m

Sometimes, a great company can actually be a risky stock when it gets significantly overvalued.

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Cheap Funds Dupe Investors – 1Q2014

Friday, February 7th, 2014 LCDF1

Investors are good at picking cheap funds. We want them to be better at picking funds with good stocks. Both are required to maximize success.

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Buy Intel and Profit From Market Fear

Tuesday, November 19th, 2013 120px-Intel04

Almost every investor knows Warren Buffet’s famous advice, “Be fearful when others are greedy and greedy when others are fearful.” Now is the perfect time to get greedy with INTC.

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Best & Worst ETFs and Mutual Funds: Large Cap Blend Style

Friday, October 25th, 2013 Screen shot 2013-10-25 at 4.25.12 PM

The Large Cap Blend style ranks first out of the twelve fund styles as detailed in my Style Rankings for ETFs and Mutual Funds report. It gets my Neutral rating, which is based on aggregation of ratings of 33 ETFs and 908 mutual funds in the Large Cap Blend style as of October 17, 2013. Prior reports on the best & worst ETFs and mutual funds in every sector and style are here.

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Deferred Compensation Assets and Liabilities – Valuation Adjustment

Wednesday, August 21st, 2013 NewConstructs_deferredcomp

The net amount of deferred compensation is included in shareholder value. If a company has a net liability, future cash flows will be diverted to pay for that obligation. If a company has a net asset, then any future increases in the obligation will not need to be met with new contributions from the company. Instead, the company can return that cash to shareholders.

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Accumulated Goodwill Amortization and Unrecorded Goodwill – NOPAT Adjustment

Monday, August 12th, 2013 GoodwillF1

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.

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How To Avoid the Worst Sector Mutual Funds

Monday, June 10th, 2013 AWSRMF@

Picking from the multitude of sector mutual funds is a daunting task. In any given sector there may be as many as 229 different mutual funds, and there are at least 631 mutual funds across all sectors.

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How To Find the Best Style ETFs

Friday, May 24th, 2013 BSTET1

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

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How To Find the Best Sector ETFs

Monday, March 4th, 2013 Fig1_HowFindBestSectorETFs

With so many ETFs out there, investors cannot simply look at ETF labels. They need in-depth research of the ETFs holdings and costs. New Constructs offers this kind of research.

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See How Diligence Paid In 2011

Monday, April 30th, 2012 dreamstimefree_6271799_handHoldingLightBulb

Everyone wants diligence. Few will ever turn it down. The problem is that diligence is expensive. New Constructs makes diligence cost-effective.

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footnoted.org vs New Constructs = Hype vs Substance

Thursday, March 1st, 2012 footnoted.org vs New Constructs = Hype vs Substance

When I ran across the recent article “270,033 pages later, a chance to catch our breath…”, I could not help but admire footnoted.org’s marketing moxy.
The article provides a count of the number of pages of 10-K filings that have poured in during the real earnings season. It also highlight a couple of the largest filings. At first glance, it is easy for one to assume that all of the 270,033 pages were also analyzed.

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The Real Earnings Season Begins Now

Friday, February 17th, 2012 The Real Earnings Season Begins Now

Nearly all of the invest­ing world ignores 10-K sea­son. 10-Ks contain the most important financial information that companies provide all year.

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Low Fund Fees Snare Investors

Monday, February 13th, 2012 duped1

Investors are good at picking funds with low costs. They are not good at picking funds with good stocks. Both are required to maximize opportunity for success.

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Sector Roadmap For Best and Worst Funds

Tuesday, January 24th, 2012 SectorFigure13

For those investors interested in rigorous research, I offer my roadmap to the best stocks and funds in the market by sector. The full sector roadmap is here.

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Buy Intel: A Stock For All Seasons

Tuesday, January 17th, 2012 Buy Intel: A Stock For All Seasons

In an increasingly challenging market, Intel [s: INTC] is one of the safest investments with compelling upside potential. That’s right, investors get to have their cake and eat it too – at least for now.

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ETFs vs Mutual Funds: The Winner Is…

Tuesday, November 22nd, 2011 Eyes

The radically higher number of US equity mutual funds (4,700+) versus ETFs (380+) is not indicative of better stock selection from active management. On the contrary, the vast majority of actively-managed funds do not justify the higher fees they charge. They do not, in terms of stock selection and expected returns, add value versus passively managed benchmarks.

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Tech Sector ETF Rankings for 3Q11

Tuesday, July 19th, 2011 Figure2_tech

ProShares Ultra Semiconductors (USD) is our top pick among the 25 ETFs we analyzed for our 3Q11 update on the “Best & Worst Tech Sector ETFs”.

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