Episode description
New Constructs' CEO David Trainer on how public companies are using information buried in footnotes to manipulate earnings.
Articles on New Constructs:
Institutional Investor Beware Footnote Mischief: https://www.institutionalinvestor.com/article/b1j6v1zppkn7kf/Beware-Footnote-Mischief Integrity
Research: Novel Database is Better at Measuring and Predicting Core Earnings and Stock Prices http://www.integrity-research.com/novel-database-better-measuring-predicting-core-earnings-stock-prices/
MarketWatch: Earnings Are More Distorted Than Investors Realize https://www.marketwatch.com/story/companies-core-earnings-are-more-crazily-distorted-than-investors-realize-and-that-puts-stocks-at-risk-2019-11-23
Big Tech Leads Decline in Core Earnings https://www.newconstructs.com/big-tech-leads-decline-in-core-earnings/
Earnings Distortion Analysis Reveals Opportunity in Defensive Sectors https://www.newconstructs.com/earnings-distortion-analysis-reveals-opportunity-in-defensive-sectors/
NewConstructs Twitter: https://twitter.com/NewConstructs
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Tobias Carlisle is the founder of The Acquirer’s Multiple®, and Acquirers Funds®.
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Prior to founding the forerunner to Acquirers Funds in 2010, Tobias was an analyst at an activist hedge fund, general counsel of a company listed on the Australian Stock Exchange, and a corporate advisory lawyer.