Seeking Alpha

David Trainer

 
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  • Stock Pick Of The Week: Qualcomm
    Tue, Jan. 20 QCOM 18 Comments

    Summary

    • Fastest growing markets in the world.
    • QCOM remains the market leader in this industry.
    • Also the leader in profitability within the industry.
  • Danger Zone: The Barnes Group
    Thu, Jan. 15 B 1 Comment

    Summary

    • Average fundamentals have yielded an incredible stock price jump.
    • Overly optimistic GAAP accounting numbers may be to blame.
    • Strengthening dollar could spell bad news.
  • Danger Zone: VeriFone
    Mon, Jan. 12 PAY 3 Comments

    Summary

    • Increased spending has not led to profits.
    • Boost from speculative Apple Pay hype ignores heated competition.
    • Valuation is no longer realistic.
  • How To Find The Best Sector ETFs
    Thu, Jan. 8 KBWP, XLU 5 Comments

    Summary

    • With so many ETFs to choose from, finding the best can be a daunting task.
    • You cannot trust ETF labels, only due diligence on the holdings allows an investor to understand an ETF.
    • Low costs and quality holdings, not past performance, is the best indicator of an ETF's future success.
  • Danger Zone: Revlon
    Dec. 24, 2014 REV 2 Comments

    Summary

    • Profits have gone nowhere for a number of years.
    • Brand erosion is proving hard to reverse.
    • Current valuation makes Perelman buyout unlikely.
  • Stock Picking Grades For Small Cap Value Style Fund Managers
    Dec. 23, 2014 ARVIX, FNK, IWN 2 Comments

    Summary

    • In this report, we focus on how much Small Cap Value style fund managers allocate to the best stocks compared to how many good stocks are available in the style.
    • Many ETFs and mutual fund managers do a poor job identifying quality stocks for their funds. These funds are not worth owning at any cost.
    • The emphasis that traditional research places on low costs is a positive for investors, but low fees alone do not drive performance. Only good holdings can.
  • True Fund Costs: Small Cap Value Style
    Dec. 22, 2014 FNK, FYT, PXSV 1 Comment

    Summary

    • A breakdown of the true costs of ETFs and mutual funds in the Small Cap Value Style.
    • Expense ratios usually understate the true costs of being in a given ETF or mutual fund.
    • Our Total Annual Costs rating accounts for all the costs borne by investors, including transaction costs and many other fees.
  • Danger Zone: Salesforce.com
    Dec. 19, 2014 CRM 23 Comments

    Summary

    • Salesforce is using increasingly costly acquisitions to fuel its top line growth.
    • The company's cash flow is not all it's reported to be, nor is its debt.
    • Changing market sentiment and stiffening competition do not help the case for this stock's valuation.
  • Stock Picking Grades For Small Cap Growth Style Fund Managers
    Dec. 18, 2014 ACTG, PXSG, SWMSX Comment!

    Summary

    • In this report, we focus on how much Small Cap Growth style fund managers allocate to the best stocks compared to how many good stocks are available in the style.
    • Many ETFs and mutual fund managers do a poor job identifying quality stocks for their funds. These funds are not worth owning at any cost.
    • The emphasis that traditional research places on low costs is a positive for investors, but low fees alone do not drive performance. Only good holdings can.
  • True Fund Costs: Small Cap Growth Style
    Dec. 17, 2014 FYC, DWAS, PXSG Comment!

    Summary

    • A breakdown of the true costs of ETFs and mutual funds in the Small Cap Growth Style.
    • Expense ratios usually understate the true costs of being in a given ETF or mutual fund.
    • Our Total Annual Costs rating accounts for all the costs borne by investors, including transaction costs and many other fees.
  • Danger Zone: The Advisory Board Company
    Dec. 16, 2014 ABCO 3 Comments

    Summary

    • Operating profit has been flat for 8 years.
    • Constant acquisitions are destroying value.
    • Valuation implies steep profit growth.
  • Stock Picking Grades For Small Cap Blend Style Fund Managers
    Dec. 15, 2014 EMCAX, IESM, IWC Comment!

    Summary

    • In this report, we focus on how much Small Cap Blend style fund managers allocate to the best stocks compared to how many good stocks are available in the style.
    • Many ETFs and mutual fund managers do a poor job identifying quality stocks for their funds. These funds are not worth owning at any cost.
    • The emphasis that traditional research places on low costs is a positive for investors, but low fees alone do not drive performance. Only good holdings can.
  • True Fund Costs: Small Cap Blend Style
    Dec. 11, 2014 EMCAX, SIZ, TAC 1 Comment

    Summary

    • A breakdown of the true costs of ETFs and mutual funds in the Small Cap Blend Style.
    • Expense ratios usually understate the true costs of being in a given ETF or mutual fund.
    • Our Total Annual Costs rating accounts for all the costs borne by investors, including transaction costs and many other fees.
  • Stock Picking Grades For Mid Cap Value Style Fund Managers
    Dec. 10, 2014 IVOV, MYIMX, NWWMX Comment!

    Summary

    • In this report, we focus on how much Mid Cap Value style fund managers allocate to the best stocks compared to how many good stocks are available in the style.
    • Many ETFs and mutual fund managers do a poor job identifying quality stocks for their funds. These funds are not worth owning at any cost.
    • The emphasis that traditional research places on low costs is a positive for investors, but low fees alone do not drive performance. Only good holdings can.
  • True Fund Costs: Mid Cap Value Style
    Dec. 9, 2014 CHEP, MLPSX, QINC Comment!

    Summary

    • A breakdown of the true costs of ETFs and mutual funds in the Mid Cap Value Style.
    • Expense ratios usually understate the true costs of being in a given ETF or mutual fund.
    • Our Total Annual Costs rating accounts for all the costs borne by investors, including transaction costs and many other fees.
  • Stock Picking Grades For Mid Cap Growth Style Fund Managers
    Dec. 5, 2014 CF, ETILX, PXMG 4 Comments

    Summary

    • In this report, we focus on how much Mid Cap Growth style fund managers allocate to the best stocks compared to how many good stocks are available in the style.
    • Many ETFs and mutual fund managers do a poor job identifying quality stocks for their funds. These funds are not worth owning at any cost.
    • The emphasis that traditional research places on low costs is a positive for investors, but low fees alone do not drive performance. Only good holdings can.
  • True Fund Costs: Mid Cap Growth Style
    Dec. 4, 2014 GAMAX, MOM, FNY Comment!

    Summary

    • A breakdown of the true costs of ETFs and mutual funds in the Mid Cap Growth Style.
    • Expense ratios usually understate the true costs of being in a given ETF or mutual fund.
    • Our Total Annual costs rating accounts for all the costs borne by investors, including transaction costs and many other fees.
  • Danger Zone: Tech Sector Funds
    Dec. 3, 2014 NFLX, RYELX 1 Comment

    Summary

    • Tech sector mutual fund managers and ETF providers do a poor job picking quality stocks.
    • There are plenty of attractive Tech stocks that fund managers are ignoring.
    • Fund costs in the Tech sector are among the most misleading of any sector.
  • Stock Picking Grades For Mid Cap Blend Style Fund Managers
    Dec. 1, 2014 CZA, FCS, HDPCX 1 Comment

    Summary

    • In this report, we focus on how much Mid Cap Blend style fund managers allocate to the best stocks compared to how many good stocks are available in the style.
    • Many ETFs and mutual fund managers do a poor job identifying quality stocks for their funds. These funds are not worth owning at any cost.
    • The emphasis that traditional research places on low costs is a positive for investors, but low fees alone do not drive performance. Only good holdings can.
  • True Fund Costs: Mid Cap Blend Style
    Nov. 26, 2014 BTAL, MERAX Comment!

    Summary

    • A breakdown of the true costs of ETFs and mutual funds in the Mid Cap Blend Style.
    • Expense ratios usually understate the true costs of being in a given ETF or mutual fund.
    • Our Total Annual costs rating accounts for all the costs borne by investors, including transaction costs and many other fees.
  • Danger Zone: MarineMax
    Nov. 25, 2014 HZO 3 Comments

    Summary

    • MarineMax is not as profitable as you think.
    • Free cash flow remains a problem.
    • Macro factors not pointing to the revenue growth needed to justify valuation.
  • Stock Picking Grades For Large Cap Value Style Fund Managers
    Nov. 24, 2014 ACE, COHOX, D Comment!

    Summary

    • In this report, we focus on how much Large Cap Value style fund managers allocate to the best stocks compared to how many good stocks are available in the style.
    • Many ETFs and mutual fund managers do a poor job identifying quality stocks for their funds. These funds are not worth owning at any cost.
    • The emphasis that traditional research places on low costs is a positive for investors, but low fees alone do not drive performance. Only good holdings can.
  • True Fund Costs: Large Cap Value Style
    Nov. 21, 2014 FTLB, NVAAX 2 Comments

    Summary

    • A breakdown of the true costs of ETFs and mutual funds in the Large Cap Value Style.
    • Expense ratios usually understate the true costs of being in a given ETF or mutual fund.
    • Our Total Annual costs rating accounts for all the costs borne by investors, including transaction costs and many other fees.
  • Stock Picking Grades For Large Cap Growth Style Fund Managers
    Nov. 20, 2014 CRM, DFS, PLAYX Comment!

    Summary

    • In this report, we focus on how much Large Cap Growth style fund managers allocate to the best stocks compared to how many good stocks are available in the style.
    • Many ETFs and mutual fund managers do a poor job identifying quality stocks for their funds. These funds are not worth owning at any cost.
    • The emphasis that traditional research places on low costs is a positive for investors, but low fees alone do not drive performance. Only good holdings can.
  • True Fund Costs: Large Cap Growth Style
    Nov. 19, 2014 KBWD, RYRUX 1 Comment

    Summary

    • A breakdown of the true costs of ETFs and mutual funds in the Large Cap Growth Style.
    • Expense ratios usually understate the true costs of being in a given ETF or mutual fund.
    • Our Total Annual costs rating accounts for all the costs borne by investors, including transaction costs and many other fees.
  • Stock Picking Grades For Large Cap Blend Style Fund Managers
    Nov. 18, 2014 AFL, AIOPX, DLTSX 3 Comments

    Summary

    • In this report, we focus on how much Large Cap Blend style fund managers allocate to the best stocks compared to how many good stocks are available in the style.
    • Many ETFs and mutual fund managers do a poor job identifying quality stocks for their funds. These funds are not worth owning at any cost.
    • The emphasis that traditional research places on low costs is a positive for investors, but low fees alone do not drive performance. Only good holdings can.
  • True Fund Costs: Large Cap Blend Style
    Nov. 17, 2014 ABRFX, DDM, UDOW 1 Comment

    Summary

    • A breakdown of the true costs of ETFs and mutual funds in the Large Cap Blend Style.
    • Expense ratios usually understate the true costs of being in a given ETF or mutual fund.
    • Our Total Annual costs rating accounts for all the costs borne by investors, including transaction costs and many other fees.
  • Stock Picking Grades For All Cap Value Style Fund Managers
    Nov. 14, 2014 CI, CIPYX, LHVIX Comment!

    Summary

    • In this report, we focus on how much All Cap Value style fund managers allocate to the best stocks compared to how many good stocks are available in the style.
    • Many ETFs and mutual fund managers do a poor job identifying quality stocks for their funds. These funds are not worth owning at any cost.
    • The emphasis that traditional research places on low costs is a positive for investors, but low fees alone do not drive performance. Only good holdings can.
  • True Fund Costs: All Cap Value Style
    Nov. 13, 2014 BUYAX, PVCAX, FMPAX 3 Comments

    Summary

    • A breakdown of the true costs of ETFs and mutual funds in the All Cap Value Style.
    • Expense ratios usually understate the true costs of being in a given ETF or mutual fund.
    • Our Total Annual costs rating accounts for all the costs borne by investors, including transaction costs and many other fees.
  • Stock Picking Grades For All Cap Growth Style Fund Managers
    Nov. 12, 2014 ATHN, IACOX, IFPUX 1 Comment

    Summary

    • In this report, we focus on how much All Cap Growth style fund managers allocate to the best stocks compared to how many good stocks are available in the style.
    • Many ETFs and mutual fund managers do a poor job identifying quality stocks for their funds. These funds are not worth owning at any cost.
    • The emphasis that traditional research places on low costs is a positive for investors, but low fees alone do not drive performance. Only good holdings can.
  • True Fund Costs: All Cap Growth Style
    Nov. 11, 2014 SGFFX, LGLAX, TWMTX Comment!

    Summary

    • A breakdown of the true costs of ETFs and mutual funds in the All Cap Growth Style.
    • Expense ratios usually understate the true costs of being in a given ETF or mutual fund.
    • Our Total Annual costs rating accounts for all the costs borne by investors, including transaction costs and many other fees.
  • Stock Picking Grades For All Cap Blend Style Fund Managers
    Nov. 10, 2014 CHOEX, DGRW, FDSAX Comment!

    Summary

    • In this report, we focus on how much All Cap Blend style fund managers allocate to the best stocks compared to how many good stocks are available in the style,
    • Many ETFs and mutual fund managers do a poor job identifying quality stocks for their funds. These funds are not worth owning at any cost.
    • The emphasis that traditional research places on low costs is a positive for investors, but low fees alone do not drive performance. Only good holdings can.