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Michelle Leder reading filings so you don't have to
Every day, public companies submit thousands of filings to the SEC full of seemingly routine information. Finding the most important material -- the disclosures that can make or break an investment decision -- doesn't just take time. It also takes a lot of skill. Where can you find this professional assistance?
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FootnotedPro uses proprietary search techniques to find both hidden opportunities and early signs of potential problems buried deep in the filings.
Over the years, we've found that the best insights come from building a comprehensive mosaic based on numerous filings -- research that requires intimate familiarity with the subtle signals that companies provide in their seemingly routine filings.
While all of this information is technically publicly available, finding the most actionable tidbits is both difficult and time-consuming. It relies on spotting numerous patterns that are visible only after years of scrutinizing thousands of filings.
Because our bottom-up approach focuses on new and interesting disclosures in the filings, our analysis crosses all sectors and market caps, including companies that may never have crossed your radar before.
Since launching FootnotedPro, our unique approach to analyzing public filings has highlighted both unusual opportunities and potential problems, well in advance of the market. Because we read so many filings, we're able to cut through the clutter and focus on what's truly important -- and actionable.
In January 2009, we highlighted Skyworks Solutions (SWKS) as having unusual upside opportunity based on some disclosures we spotted in its filings. Since then, the stock has more than tripled, far outperforming the market.
In April 2009, we speculated that Autodesk (ADSK) was an M&A candidate based on disclosures in its filings. While the company remains independent, the stock has doubled since we highlighted the company.
In August 2009, we highlighted some new disclosures that Wright Medical (WMGI) made about several significant legal issues it faced. Since then, the stock has significantly underperformed both the market and other medical device manufacturers.
In October 2009, we questioned some changes that Scientific Games (SGMS) had made to its credit agreements. Since then, the stock has declined by over 22% compared with a 10% return for the Nasdaq.
In response to news reports and press releases that companies like AT&T (T) and Deere (DE) were taking hefty first-quarter charges related to the new health insurance legislation, we took a closer look at how those charges will really impact earnings.
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