CEO of New Constructs, LLC.

Mr. Trainer is a Wall Street veteran and corporate finance expert. He specializes in reversing accounting distortions on the underlying economics of business performance and stock valuation. He is author of more

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Featured Stocks In February’s Most Attractive/Most Dangerous Model Portfolios
Our Most Attractive Stocks (-5.0%) underperformed the S&P 500 (-3.4%) last month.
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EC Tax Reform Losers: Companies With Deferred Tax Assets
Most public companies should benefit from the new tax law, which lowers the corporate tax rate from 35% to 21%.
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Tesla's New Exec Comp Plan Means It’s Time To Short This Stock
As competitors begin eating into its market share, Tesla won’t be able to keep distracting from its current problems by promising the next big thing. This increased competition, combined with a sky-high valuation, lands Tesla in the danger zone.
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Tax Reform Winners: Companies With Deferred Tax Liabilities
Most public companies should benefit from the new tax law, which lowers the corporate tax rate from 35% to 21%. Analysts expect the S&P 500 to see a profit boost ranging from 7% to more than 10%.
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Cause For Concern: Inability To Grow Profits In A Booming Market
Providing components to consumer goods manufacturers in a growing market can be highly profitable. However, Knowles Corporation has been unable to capitalize on impressive growth in its end markets.
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A Very Unattractive Fund In The Real Estate Sector
Due to the large number of Unattractive-or-worse rated options, investors must be careful when choosing a Real Estate fund.
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Comments

Latest Comments
Netflix’s Price Increase Signals Original Content Isn’t Enough
4 months ago

Thanks Harry Goldstein.

Understanding how far off they are from profitability today helps investors see the real risk in the stock.

In this article: NFLX
Netflix’s Price Increase Signals Original Content Isn’t Enough
4 months ago

Good points - and the back and forth here illustrated the challenges Netflix has to making money. Not sure how they will ever make the kind of money they need to make to support original content creation.

Understanding how far off they are from profitability today helps investors see the real risk in the stock.

In this article: NFLX
Netflix’s Price Increase Signals Original Content Isn’t Enough
4 months ago

They lost $2.8 billion in 2016.

Over the trailing twelve months - free cash flow is -$3.1 billion.

Wall Street loves the stock and the firm's strategy b/c it will generate lots of underwriting fees for all the debt and stock NFLX can sell to the suckers willing to fund a business model that has not made money 2010 when free cash flow was $29 million.

Since 2002, free cash flows is -$9.4 billion, cumulatively.

In this article: NFLX
Why We Downgraded Disney
2 years ago

Mr. Kaplan,

We think Disney is a great company — a truly great one — that has tremendous brand assets and has delivered great value for shareholders for many years. We simply believe that all of these brand assets and future "home run" movies, including Frozen 2, are priced into the stock at its current level.

Thanks for reading and commenting.

In this video: DIS
Top Stock Picks: 2014 In Review
3 years ago

You can learn more by signing up for our free membership at www.newconstructs.com.

In this article: AMGN, ED, ALL, CB, MDT, INTC
Danger Zone: Glu Mobile (GLUU)
3 years ago
Joel: Thanks for your comment. Would you mind sharing what you think GLUU's strengths are and how they do/don't position the company to meet or exceed the expectations for future cash flows embedded in the stock price?
In this article: GLUU, DWA, NFLX, ZNGA
Why Footnotes Matter
3 years ago
Sebright: Good point. The catch is that few investors have the time or expertise to read an annual report. Did you know that 2013 annual reports averaged over 200+ pages?
In this article: AA, ABC, CTL, DVN, ED, HAS, HES, MUR, MWV, RF, SYK, VZ, ZION
1 to 8 of 8 comments

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AAPL Apple Inc.
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ZNGA Zynga Inc.

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