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 December’s Most Attractive/Most Dangerous Model Portfolios
The best performing Most Dangerous large cap stock fell by 13% and the best performing Most Dangerous small cap stock fell by 25%.
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Featured Stock In November’s Dividend Growth Model Portfolio
PepsiCo is the featured stock from November’s Dividend Growth Stocks Model Portfolio.
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Featured Stock In November’s Safest Dividend Yields Model Portfolio
The best performing large cap stock was up 17%, and the best performing small cap stock was up 8%.
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Featured Stocks In November’s Most Attractive/Most Dangerous Model Portfolios
The best performing Most Dangerous large-cap stock fell by 40% and the best performing Most Dangerous small cap stock fell by 31%.
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Featured Stock In October’s Safest Dividend Yields Model Portfolio
The best performing small cap stock was up 2%. Overall, 12 out of the 20 Safest Dividend Yield stocks outperformed the S&P in September.
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Danger Zone: Investors Who Ignore Accounting Rule Changes
Next year, S&P 500 companies will add roughly $600 billion (2% of total assets) to their balance sheets. One company will more than double its reported assets (and more than quadruple its reported liabilities).
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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
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