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Insights & Research

The latest from our research team on markets, risk, and technology.

Annual Report (10-K) Red Flag Guide: Part II

Learn how to understand and analyze a 10-K annual report. We discuss revenue risks, credit, M&A accounting, non-GAAP metrics and more.

Our favourite podcast episodes about inflation, gas prices, bubbles, fraud, short selling and making sense of the markets.

Rafael was heavily dependent on the success of Rafael Parmaceutical’s CPI-613 product. The trial was not successful. Investors lost over $400M.

SPAC mergers seem to be collapsing. The state of the stock market and threat of recession appear to be the primary reasons for these failures.

Governance risks at larger companies dramatically increases the likelihood of price collapse and underperformance.

The reasons for de-SPACs’ underperformance have often been fundamental problems with their management and underlying business operations.

Most 10-Ks and 10-Qs are filed between 4 PM and 5:30 PM, after markets close but while EDGAR is still accepting filings.

The Hudson Labs news feed, a fully-automated real-time AI-driven news feed chronicles the worst nightmares of public companies as they happen.

A key messages was that if you get too fixated on numbers, you can easily miss out on other critical information. Most of which is qualitative.