February 19, 20210Comments

Where’s Disney’s “Other Income”?

We noticed something missing from The Walt Disney Company’s (DIS) income statement in its fiscal 1Q21 10-Q: “Other Income.”

by Matt Shuler, Investment Analyst II

January 21, 20210Comments

Non-Operating Income Distorts Earnings

Unusual non-operating items resulted in GAAP net income materially misrepresenting this firm’s true profits.

by Alex Sword

March 16, 20170Comments

Filing Season Finds: Thursday, March 16

From yesterday’s research, analysts parsed 48 10-K filings and collected 6,034 data points. In total, they made 964 forensic accounting adjustments with a dollar value of $135 billion. Analyst Lindsay Bohannon found an unusual item yesterday in OraSure Technologies’ (OSUR) 10-K.

by Sam McBride

January 27, 20140Comments

Danger Zone: Ashland (ASH)

Specialty chemicals producer Ashland Inc. (ASH) is in the Danger Zone this week. Those that consider ASH a “value” stock are mistaken. The stock is cheap by traditional metrics such as price to earnings, but a closer look reveals the value to be an illusion.

by David Trainer, Founder & CEO

October 10, 20130Comments

New Stocks Make Most Attractive/Dangerous Lists

October sees 13 new stocks make our Most Attractive list and 16 new stocks fall into the Most Dangerous category. Our Most Attractive stocks have high and rising return on invested capital (ROIC) and low price to economic book value ratios. Most Dangerous stocks have misleading earnings and long growth appreciation periods implied in their market valuations.

by David Trainer, Founder & CEO