Friday, March 22, 2019
Our New Master Class Video

Thursday, March 21, 2019
Tech Data’s Goodwill Adjustment

Tuesday, March 19, 2019
There’s Taxes, and There’s Taxes

Saturday, March 16, 2019
Adventures in Tax Cuts and Net Income

Monday, March 11, 2019
Big Moves in Goodwill, Intangible Value

Friday, March 8, 2019
CVS, Goodwill, and Enterprise Value

Thursday, February 28, 2019
Summary of Our Goodwill Research/ How-To

Wednesday, February 27, 2019
What Does ‘Other’ Mean? An Example

Thursday, February 21, 2019
Another Tale, Buried in the Footnotes

Wednesday, February 13, 2019
Low Latency Calcbench

Monday, February 11, 2019
Now Streaming on Hulu: Red Ink

Thursday, February 7, 2019
Early Look at 2018 Tax Decline

Wednesday, February 6, 2019
You Revised WHAT, Netflix?

Thursday, January 31, 2019
Talking About Huawei Exposure

Wednesday, January 30, 2019
Another Discrepancy in Reported Numbers

Wednesday, January 30, 2019
Finding Revised Facts: Hertz Edition

Wednesday, January 23, 2019
GE Commercial Aviation Services: Bringing Numbers to Light

Monday, January 21, 2019
Differences in Earnings Releases and 10-Ks

Wednesday, January 16, 2019
The Importance of Textual Analysis

Tuesday, January 8, 2019
A Look at Climate Change Disclosures

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Perhaps you’ve noticed our new company explorer?

Anywhere you see the gold “Choose Companies” button, you can open our new tool to select groups of companies for comparing, searching, etc.

One of the most powerful new features is the ability to screen on a variety of metrics to quickly tailor a peer group to your needs. Then you can save it for later use.

First, a note about peer groups. We often hear people say that peer analysis doesn’t make senses for some companies because they are unique and have no direct peers. This is simply not true.

Every public company has peers, of course. Peers don’t have to be identical businesses. But for some of these complicated cases, the peer group you use can (and should!) vary based on the analysis. For example, looking at profitability ratios? Build a peer group of companies with similar income statement structures. (SAAS companies have very different structures than manufacturing companies.) On the other hand, if you are benchmarking pension plans, the peer group should be similar sized companies with pension plans…regardless of industry.

So, how do you build these peer groups?

First, you can navigate through our explorer to build a list of potential peers. Then use the screen/filter tool to narrow it down using any of our standardized metrics or ratios, or (if you’re feeling brave) based on XBRL tag. In the simple example above, I’ve screened a group of airline companies for revenue greater then $1 billion. Here is the result:

Finally, I can name it and save it. In addition, if I want to get an email when a new filing comes in for any of these companies, I can check the box for that. 

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