Business Valuation -- Financial Analysis
Financial Analysis
SEC Filings
Financial Statements
and Tearsheets
Wall Street
Perspective
SEC Investigations
SEC
Filings
Click on this link to learn about the purpose of key SEC filings
and recommended databases
Financial Statements and Tearsheets
- "Snapshots" of a company's historical, current, and often projected financial statements, market performance, and financial ratios
- Peer group analysis
- Industry Outlook
- Brief Analyst Commentary
- Companies>Financials
Bloomberg Fundamental Analysis
- Type Ticker Symbol<EQUITY>FA<GO>
S&P Stock Reports and Company Profiles
Fair Disclosure Meeting Calls
- Substantive conversations between company's upper management
and investment banking analysts covering topics including:
- earnings announcements
- significant events (e.g. auditor changes, restatement of financials, change in management)
- changes in strategic or operational direction
What to "Listen" for in Analyst Conference Calls
- Mood of management and analysts
- Management's plans to deal with earning's expectations and disappointments
- Management's ability to answer tough questions
- Plans to deal with the competition
- Management's vision
Factiva
Complete written transcripts of these calls are available within
24 hours
- Recommended Search Strategy:
- hd=company name and sn=fair disclosure
Investext
Investment banking company and industry research reports
Wall
Street Transcript
Includes: CEO Interviews, expert industry roundtable discussions,
analyst perspectives
SEC
Investigations
Identifying information about a company's possible fraudulant
activities is increasingly a necessary part of conducting sound
due deligence research
- Accounting & Auditing Enforcement Release (AAER) - issued by the SEC when it discovers evidence of substandard or fraudulant reporting in an SEC filing and takes action against the related parties
- Business wire stories and analyst reports - often the first places were information about corporate scandals are announced
