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David Trainer

 
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  • True Fund Costs: Health Care Sector
    Today, 9:30 AM ICHAX, RXL, BIB Comment!

    Summary

    • A breakdown of the true costs of ETFs and mutual funds in the Health Care sector.
    • 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: Constellation Brands
    Today, 9:25 AM STZ Comment!

    Summary

    • Constellation's growth through acquisition masks a cash flow black hole.
    • This company's total debt load is almost half of its market value.
    • Stock's valuation implies double-digit profit growth for 12 years in a notoriously slow-growth industry.
  • Stock Picking Grades For Financials Sector Fund Managers
    Yesterday, 9:30 AM ALL, FNIO, FSVLX Comment!

    Summary

    • In this report, we focus on how much managers allocate to the best stocks compared to how many good stocks are available in the Financials sector.
    • Many ETFs and mutual funds 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: Financials Sector
    Fri, Oct. 17 KBWD Comment!

    Summary

    • A breakdown of the true costs of ETFs and mutual funds in the Financials sector.
    • 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.
  • The "New Normal" Equals More Downside For Netflix
    Fri, Oct. 17 NFLX 16 Comments

    Summary

    • Netflix's price hike negatively impacted subscriber growth in the most recent quarter.
    • Streaming content obligations continue to balloon as well.
    • Despite its 20% drop, NFLX remains significantly overvalued.
  • Stock Picking Grades For Energy Sector Fund Managers
    Thu, Oct. 16 BTU, CVI, DIG Comment!

    Summary

    • In this report, we focus on how much managers allocate to the best stocks compared to how many good stocks are available in the sector.
    • Many ETFs and mutual funds managers do a poor job identifying quality stocks. 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: Energy Sector
    Wed, Oct. 15 DIG 1 Comment

    Summary

    • A breakdown of the true costs of ETFs and mutual funds in the Energy sector.
    • 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.
  • 28 New Stocks Make Most Attractive/Dangerous Lists For October
    Wed, Oct. 15 HAS, HES, MTEX Comment!

    Summary

    • 28 new stocks make our Most Attractive and Most Dangerous lists for October.
    • Arch Capital Group looks cheap compared to its peers.
    • Hess Corporation has misleading earnings and a dangerously high valuation.
  • Stock Picking Grades For ETFs And Mutual Funds: Consumer Staples Sector
    Tue, Oct. 14 ALCO, FSHOX, KMB 5 Comments

    Summary

    • In this report, we focus on how much managers allocate to the best stocks compared to how many good stocks are available in the sector.
    • Many ETFs and mutual funds managers do a poor job identifying quality stocks. 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.
  • Danger Zone: Sierra Wireless
    Tue, Oct. 14 SWIR 6 Comments

    Summary

    • Misleading earnings make Sierra Wireless look cheap.
    • High revenue growth and hype by the Motley Fool have created great expectations for this company.
    • This stock's valuation assumes the realization of a long-awaited trend that has yet to occur.
  • True Fund Costs: Consumer Staples Sector
    Mon, Oct. 13 UGE, IYK, SZK 2 Comments

    Summary

    • A breakdown of the true costs of ETFs and mutual funds in the Consumer Staples sector.
    • 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.
  • How Well Do Consumer Discretionary ETFs And Fund Managers Pick Stocks?
    Fri, Oct. 10 FDIS, HAS, ICCAX 2 Comments

    Summary

    • In this report, we focus on how much managers allocate to the best stocks compared to how many good stocks are available in the sector.
    • Many ETFs and mutual funds managers do a poor job identifying quality stocks. 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: Consumer Discretionary Sector
    Thu, Oct. 9 RETL, RYRTX 1 Comment

    Summary

    • A breakdown of the true costs of ETFs and mutual funds in the Consumer Discretionary sector.
    • 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.
  • Sector Rankings For ETFs And Mutual Funds
    Thu, Oct. 9 HSFNX, RDN, WMT Comment!

    Summary

    • Sector ratings and rankings for ETFs and mutual funds.
    • Distribution of ETFs and mutual funds by predictive rating.
    • Ratings are based on rigorous analysis of the profitability and valuation of each fund's holdings.
    • Our rating system is forward-looking and does not rely on past performance.
  • Danger Zone: Bob Evans Farms
    Wed, Oct. 8 BOBE Comment!

    Summary

    • Turnaround efforts are failing at Bob Evans (BOBE).
    • BOBE is running out of cash and has a history of poor capital allocation.
    • The stock's valuation implies extreme profit growth, despite long-term profitability declines for the company and its industry.
  • Strike While The Iron Is Hot: Stryker
    Tue, Oct. 7 SYK 5 Comments

    Summary

    • Unusual charges have artificially decreased Stryker's reported earnings.
    • Unlike many other companies, Stryker is making intelligent acquisitions and creating value for shareholders.
    • In addition, Stryker is in an industry with attractive growth opportunities and boasts a cheap valuation.
  • Best And Worst Small Cap Value Style ETFs, Mutual Funds, And Key Holdings
    Fri, Sep. 26 ACSCX, ANFVX, BSCVX 3 Comments

    Summary

    • Lists of the Best and Worst ETFs and Mutual Funds in the Small Cap Value Style.
    • Distribution of all Small Cap Value Style ETFs and Mutual Funds across our Predictive Rating Scale.
    • Ratings are based on rigorous analysis of the profitability and valuation of each fund's holdings.
    • Our rating system is forward-looking and does not rely on past performance.
  • Best And Worst Small Cap Growth ETFs, Mutual Funds, And Key Holdings
    Wed, Sep. 24 DWAS, IJT, KS Comment!

    Summary

    • Lists of the Best and Worst ETFs and Mutual Funds in the Small Cap Growth Style.
    • Distribution of all Small Cap Growth Style ETFs and Mutual Funds across our Predictive Rating Scale.
    • Ratings are based on rigorous analysis of the profitability and valuation of each fund's holdings.
    • Our rating system is forward-looking and does not rely on past performance.
  • Best And Worst Small Cap Blend Style ETFs, Mutual Funds, And Key Holdings
    Mon, Sep. 22 AIZ, EES, MCS 1 Comment

    Summary

    • Lists of the best and worst ETFs and mutual funds in the Small Cap Blend Style.
    • Distribution of all Small Cap Blend Style ETFs and mutual funds across our Predictive Rating Scale.
    • Ratings are based on rigorous analysis of the profitability and valuation of each fund's holdings.
    • Our rating system is forward-looking, and does not rely on past performance.
  • Best And Worst Mid Cap Value Style ETFs, Mutual Funds, And Key Holdings
    Fri, Sep. 19 CHEP, MED, PXMV 4 Comments

    Summary

    • Lists of the best and worst ETFs and mutual funds in the Mid Cap Value Style.
    • Distribution of all Mid Cap Value Style ETFs and mutual funds across our predictive rating scale.
    • Ratings are based on rigorous analysis of the profitability and valuation of each fund's holdings.
    • Our rating system is forward-looking, and does not rely on past performance.
  • 3 Reasons Why Amazon's 'Cash Flow' Is A Trap
    Fri, Sep. 19 AMZN 59 Comments

    Summary

    • Amazon bulls have long asserted that cash flow, rather than EPS, reveals the company's true value.
    • In reality, Amazon's assertions of positive cash flow are based on accounting tricks, not reality.
    • We reveal how Amazon's fundamentals have been in decline since 2009.
  • Best And Worst Mid-Cap Growth Style ETFs, Mutual Funds, And Key Holdings
    Thu, Sep. 18 CREE, IWP, MOM 4 Comments

    Summary

    • Lists of the Best and Worst ETFs and Mutual Funds in the Mid-Cap Growth Style.
    • Distribution of all Mid-Cap Growth Style ETFs and Mutual Funds across our Predictive Rating Scale.
    • Ratings are based on rigorous analysis of the profitability and valuation of each fund's holdings.
    • Our rating system is forward-looking and does not rely on past performance.
  • 21 New Stocks Added To Most Attractive And Dangerous Lists
    Thu, Sep. 18 NVR Comment!

    Summary

    • 21 new stocks make our Most Attractive and Most Dangerous lists for September.
    • NVR's valuation understates its true cash flow potential.
    • Non-operating items make it appear as if ANGO's cash flow is growing when in fact it is in decline.
  • Best And Worst Mid Cap Blend Style ETFs, Mutual Funds And Key Holdings
    Wed, Sep. 17 BTAL, CNX, EZM Comment!

    Summary

    • Lists of the Best and Worst ETFs and Mutual Funds in the Mid Cap Blend Style.
    • Distribution of all Mid Cap Blend Style ETFs and Mutual Funds across our Predictive Rating Scale.
    • Ratings are based on rigorous analysis of the profitability and valuation of each fund's holdings.
    • Our rating system is forward-looking and does not rely on past performance.
  • Best And Worst Large Cap Blend Style ETFs, Mutual Funds, And Key Holdings
    Mon, Sep. 15 ERW, INTC, WMB Comment!

    Summary

    • Lists of the Best and Worst ETFs and Mutual Funds in the Large Cap Blend Style.
    • Distribution of all Large Cap Blend Style ETFs and Mutual Funds across our Predictive Rating Scale.
    • Ratings are based on rigorous analysis of the profitability and valuation of each fund's holdings.
    • Our rating system is forward-looking and does not rely on past performance.
  • Best And Worst All Cap Value Style ETFs, Mutual Funds And Key Holdings
    Fri, Sep. 12 LMT, MDR Comment!

    Summary

    • Lists of the Best and Worst ETFs and Mutual Funds in the All Cap Value Style.
    • Distribution of all All Cap Value Style ETFs and Mutual Funds across our Predictive Rating Scale.
    • Ratings are based on rigorous analysis of the profitability and valuation of each fund's holdings.
    • Our rating system is forward-looking and does not rely on past performance.
  • Best And Worst All Cap Growth Style ETFs, Mutual Funds, And Key Holdings
    Thu, Sep. 11 CRM, IBM Comment!

    Summary

    • Lists of the Best and Worst ETFs and Mutual Funds in the All Cap Growth Style.
    • Distribution of all All Cap Growth Style ETFs and Mutual Funds across our Predictive Rating Scale.
    • Ratings are based on rigorous analysis of the profitability and valuation of each fund's holdings.
    • Our rating system is forward-looking and does not rely on past performance.
  • Best And Worst All Cap Blend Style ETFs, Mutual Funds And Key Holdings
    Wed, Sep. 10 DGRW, EXT, ORCL 1 Comment

    Summary

    • Lists of the Best and Worst ETFs and Mutual Funds in the All Cap Blend Style.
    • Distribution of all All Cap Blend Style ETFs and Mutual Funds across our Predictive Rating Scale.
    • Ratings are based on rigorous analysis of the profitability and valuation of each fund's holdings.
    • Our rating system is forward-looking and does not rely on past performance.
  • Best And Worst Utilities Sector ETFs, Mutual Funds And Key Holdings
    Tue, Sep. 9 AEE, ED, FUTY 6 Comments

    Summary

    • Lists of the Best and Worst ETFs and Mutual Funds in the Utilities Sector.
    • Distribution of all Utilities Sector ETFs and Mutual Funds across our Predictive Rating Scale.
    • Ratings are based on rigorous analysis of the profitability and valuation of each fund's holdings.
    • Our rating system is forward-looking and does not rely on past performance.
  • Best And Worst Telecom Sector ETFs, Mutual Funds And Key Holdings
    Mon, Sep. 8 LTL, NSR, TDS 3 Comments

    Summary

    • Lists of the Best and Worst ETFs and Mutual Funds in the Telecom Sector.
    • Distribution of all Telecom Sector ETFs and Mutual Funds across our Predictive Rating Scale.
    • Ratings are based on rigorous analysis of the profitability and valuation of each fund's holdings.
    • Our rating system is forward-looking and does not rely on past performance.
  • Danger Zone: Glu Mobile
    Mon, Sep. 8 GLUU 62 Comments

    Summary

    • Glu Mobile is a hot stock this year as hit games have drastically increased its revenue.
    • However, mobile gaming is a rapidly changing business, and Glu's success this year is no guarantee of positive results in the future.
    • GLUU's valuation implies unrealistically optimistic expectations of sustained growth and profitability.
  • Why Footnotes Matter
    Fri, Sep. 5 AA, CTL, DVN 7 Comments

    Summary

    • Every investor knows that performing due diligence is important before making an investment.
    • However, true diligence takes an astounding amount of work.
    • Investors who don't read the sometimes 200+ pages of footnotes can miss important information.