Follow me on Twitter: @NewConstructs David is CEO of New Constructs (www.newconstructs.com), an independent research firm that leverages proprietary technology to find key insights from the Financial Footnotes of 10Ks and 10Qs. Having analyzed over 70,000 annual reports and their Financial Footnotes, New Constructs helps protect clients from the red flags/unknowns in SEC filings. David is a distinguished investment strategist and corporate finance expert. He is a member of FASB's Investors Advisory Committee, and he is author of the Chapter “Modern Tools for Valuation” in The Valuation Handbook (Wiley Finance 2010). David's insights into the markets and his stock picks have been popular with a wide variety of media outlets.
Ron Sommer was a chief financial officer at an institution of higher education in New York City. He has 40 years of financial management experience in the public, private and not-for-profit sectors. Sommer has also been a private investor for more than 30 years. He uses a ruled-based quantitative model.
I am a 'deep value' investor/analyst mainly focused on the US small-cap universe. I started out with a long-only bias (stocks trading close to NCAV etc.), but I have now started to focus on the short side as well. I am especially interested in fraud or instances of aggressive accounting. I am always looking to connect with fellow investors so do not hesitate to contact me!
Previously spent 8 months interning at a bottom-up, long-short, value based hedge fund. Attracted to boring businesses with compelling risk/rewards and impressive value creators trading at significant discounts to a cash-flow based view of intrinsic value. For three years now, I’ve learned all I could about the approaches of investing gurus such as John Templeton, Warren Buffett and Peter Lynch. I’ve been investing for almost a year now, learning from my own mistakes and using what I thought was the best from them, I arrived at eight criteria for that I use in investing. As a student, I do not have the resources a professional would so the following approach reflects a mindset around capital preservation – my investing philosophy is about being in control and limiting capital losses when mistakes happen. Out of the eight criteria, I identified five which must be met and maintained for initial and continued ownership in a company. 1) The business meets a clear economic need, 2) the company has a sustainable economic moat, 3) the company has a long history of strong profitability and operating metrics, 4) the company generates high levels of free cash flow, and 5) the stock is available at a margin of safety to the intrinsic value. The other three criteria I identified are a management history of shareholder friendliness, a strong balance sheet, and healthy insider ownership.
I am a financial services professional focused in Forex markekts. I hold a Finance degree from the Kelley School of Business at Indiana University. Due to my love for international travel combined with intellectual curiosity I analyze global-macro conditions daily. Also, I am a Level I CFA Candidate. I enjoy playing hockey, scuba diving in the Caribbean, reading, and meditating.