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

Archive  |  Search:

When the SEC has questions or problems with a company’s filing, it sends a ‘comment’ letter (often times including insightful information), to which the company must then respond. At least 20 days after this review is concluded, the correspondence becomes public. The letters are posted to EDGAR, using document types “UPLOAD” for the letters, and “CORRESP” for the responses.

These letters, however, are a bit hard to find and difficult to follow along in sequence.

Problem solved! You can now read these full correspondence chains using our interactive disclosure tool.

1) Pick a company.

2) Hit the ‘All History’ button near the top right of your screen.

3) Scroll to “SEC Comment Letters & Responses”

Now you can read along each chain in order.

Why should you care?

For investors this can be critical information. Here’s a recent example, involving Yahoo’s search agreement with Mozilla. That agreement was excluded from company filings, but turned out to be important during the company’s sale.

More here from last week’s New York Times:

“Yahoo decided the contract’s provisions were not significant enough to disclose to shareholders, despite a series of letters last year from the Securities and Exchange Commission asking the company to lay out the terms of the agreement and the risks to Yahoo. A spokeswoman for the agency declined to comment on the dispute.”

In other words, if you hadn’t read the letters, you wouldn’t have known….

FREE Calcbench Premium
Two Week Trial

Research Financial & Accounting Data Like Never Before. More features and try our Excel add-in. Sign up now to try the Premium Suite.