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


Nelson Peltz On Procter & Gamble: Sign Of The Future For ROIC Laggards
The Consumer Staples giant is the largest company ever to face a proxy fight, signaling that size alone is no longer enough to keep activists away from poorly run companies.
Brokerage Or Tech Firm? Redfin’s Valuation Requires The Latter
As the Redfin IPO approaches, investors must decide whether the firm is a traditional real estate brokerage or a technological innovator likely to disrupt the traditional real estate brokerage market.
New Stocks On Exec Comp & ROIC Model Portfolio: July 2017
FL currently earns a third-quintile 10% return on invested capital (ROIC) and has generated a cumulative $762 million (12% of market cap) in free cash flow (FCF) over the past five years.
Why Robo-Analysts, Not Robo-Advisors, Will Transform Investing
Robo-advisors and Robo-Analysts are both important to enabling wealth management firms to cut costs without sacrificing quality of advice, but the importance of a Robo-Analyst to enhance the quality of investment advice shouldn’t be underestimated.
Hidden Trigger For Another (Flash) Crash: Passive Investing
The ETF and passive investing proliferation has been widely heralded as a boon for small investors, primarily from a cost savings perspective.
5 Unappreciated Stocks With High ROICs
These are difficult times for value investors. Stock prices keep rising as profits stagnate.


Latest Comments
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
2 years ago

You can learn more by signing up for our free membership at

In this article: AMGN, ED, ALL, CB, MDT, INTC
Danger Zone: Glu Mobile (GLUU)
2 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
2 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 4 of 4 comments


AAPL Apple Inc.
ZNGA Zynga Inc.



David Trainer
New Stocks on Safest Dividend Yields Model Portfolio: July 2017
David Trainer
Podcast: Why Redfin Is In The Danger Zone
David Trainer
Podcast: Why Investors Ignoring This Industry Are In The Danger Zone
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