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

ALL CONTRIBUTIONS

Pre-IPO Coverage: Upwork (UPWK)
Online freelance platform Upwork (UPWK) will IPO today. At a price of $15 per share, the company plans to raise up to $90 million with an expected market cap of ~$1.3 billion.
Read
Featured Stock In September’s Safest Dividend Yields Model Portfolio
Principal Financial Group is the featured stock in September’s Safest Dividend Yields Model Portfolio.
Read
Investors Say No Thanks To Overpriced Acquisitions
Comcast, Michael Kors, and Sirius XM all announced multi-billion-dollar acquisitions on Monday. The market responded by sending shares of all three companies deep into the red.
Read
Pre-IPO Coverage: SurveyMonkey (SVMK)
Online survey provider SurveyMonkey (SVMK​) will IPO on Wednesday, September 26.
Read
Featured Stock In September’s Exec Comp & ROIC Model Portfolio
The best performing stock in the portfolio was up 9%. Overall, six out of the 15 Exec Comp Aligned with ROIC Stocks outperformed the S&P in August, and nine had positive returns.
Read
Snapchat Shows The Problems With “Visionary” Founders And Dual Class Share Structures
Snap is far from the only recent IPO to prevent public shareholders from having any say in the company.
Read

Comments

Latest Comments
Netflix’s Price Increase Signals Original Content Isn’t Enough
1 year 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
1 year 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
1 year 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
3 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)
4 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
4 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

STOCKS I FOLLOW

AAPL Apple Inc.
BSKP.SW KB BASEL PS
ZNGA Zynga Inc.

TWEETS

LATEST ACTIVITY

David Trainer
Even though we still like the long-term outlook for Cisco's business, the stock no longer presents the quality risk… https://t.co/mEr2DGUvYr
David Trainer
With Sears officially filing for bankruptcy, we're closing our successful short call, now down 89% since our origin… https://t.co/EcvuYaFN0Y
David Trainer
ICYMI: New Long Idea, IPO Coverage: LTHM, SEC Adds Risk for Small Cap Investors & Featured Stocks in Model Portfoli… https://t.co/u7PTnGZFVU
All Posts

PERSONAL BLOG

Latest Posts

Work Experience

Education

Publications