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Diligence Institute

Highlights From New Constructs Investment Research

US Steel (X) At Risk Of Pension Pressure

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Some stocks are more dangerous than others. In an anemic economic environment, the most dangerous stocks are those with issues that are lurking behind the scenes or in footnotes.

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Barron’s Features My Analysis on DAL’s Abnormal Pension Accounting

Barron’s Features My Analysis on DAL’s Abnormal Pension Accounting

In his weekly column, The Trader, Vito Racanelli features my in-depth work on the funky accounting Delta Airlines’ (DAL) uses… Read more >>

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Bail Out of DAL Before the Stock Crashes

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I recommend investors avoid Delta Airlines (DAL). I think the stock could see significant downward pressure as more investors realize how the company is propping up its earnings with relatively aggressive accounting for its pension and postretirement plan (“pensions”), which are already seriously underfunded.

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Buy Clorox: Management Focused On Shareholder Value

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I take great pleasure in recommending investors buy Clorox (CLX) – an attractive-rated stock, not just because of its strong profitability and cheap valuation but also because of the unusually high quality and integrity of its financial reporting.

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