| Dual Cash-flow, Accruals and Capital Productivity Analysis Products and Services |
| Merriam Report Investment Research |
Merriam Report Investment Research provides financial statement analysis and research
tools based on dual cash-flow, accrual and capital productivity to evaluate stocks, bonds
and traded securities.
Our innovative investment research products and services raise the bar in financial statement
analysis to help investors and traders maximize profits and total returns.
The Merriam Report platform offers institutional quality analytics used by investment
professionals for idea generation, portfolio management, undervalued stocks, short-sale
candidates and evaluating dividend safety.
The best clues to the future price movement(s) of a security can be found in a company's
reported financial statements. Determining a security's present fair-value depends on the
source(s) of cash-flow used to create earnings and the accounting techniques used
in presenting them. Quality-of-earnings are only as good as the liquidity and operating cash
-flow supporting them.
The Merriam Report research model utilizes a powerful combination of unconventional
cash-flow, accrual and capital productivity methodologies to determine these metrics.
Unlike more traditional analysis, Merriam Report research is quite effective at detecting
subtle changes or shifts in the accounting techniques contained in the financial statements.
Our model tracks these "relationship" trends over sequential quarterly or annual periods.
As a result, Merriam Report analysis has shown a remarkable capability to gauge impact of
the accounting mechanisms and provide clues to potential future price changes of a
security...often months before traditional analysis detects these changes.
Cornerstone of the effective Merriam Report model is in its consistent and reliable results.
Fact: Stock prices of companies with rising operating cash flow generally outperform stocks of
companies exhibiting high levels in balance-sheet cash-flows.
Fact: Companies with significantly high accrual ratios, will on average under-perform
companies displaying strongly negative accrual ratios.
Merriam Report analysis focuses entirely on the financial statements and specific changes in
the structural components of the reported numbers. Our unconventional and non-macro
intelligence is intended as a critical primary screen to help identify undervalued
opportunities, detect companies in trouble and evaluate dividend safety or yield
risks.
Companies with earnings supported mostly by "true" operating cash-flow are more likely to
maintain or raise their dividend. Conversely, a business whose earnings are heavily reliant on
non-cash or balance-sheet "maneuvers" face a greater risk of reduced or suspended
dividends in the future.
tools based on dual cash-flow, accrual and capital productivity to evaluate stocks, bonds
and traded securities.
Our innovative investment research products and services raise the bar in financial statement
analysis to help investors and traders maximize profits and total returns.
The Merriam Report platform offers institutional quality analytics used by investment
professionals for idea generation, portfolio management, undervalued stocks, short-sale
candidates and evaluating dividend safety.
The best clues to the future price movement(s) of a security can be found in a company's
reported financial statements. Determining a security's present fair-value depends on the
source(s) of cash-flow used to create earnings and the accounting techniques used
in presenting them. Quality-of-earnings are only as good as the liquidity and operating cash
-flow supporting them.
The Merriam Report research model utilizes a powerful combination of unconventional
cash-flow, accrual and capital productivity methodologies to determine these metrics.
Unlike more traditional analysis, Merriam Report research is quite effective at detecting
subtle changes or shifts in the accounting techniques contained in the financial statements.
Our model tracks these "relationship" trends over sequential quarterly or annual periods.
As a result, Merriam Report analysis has shown a remarkable capability to gauge impact of
the accounting mechanisms and provide clues to potential future price changes of a
security...often months before traditional analysis detects these changes.
Cornerstone of the effective Merriam Report model is in its consistent and reliable results.
Fact: Stock prices of companies with rising operating cash flow generally outperform stocks of
companies exhibiting high levels in balance-sheet cash-flows.
Fact: Companies with significantly high accrual ratios, will on average under-perform
companies displaying strongly negative accrual ratios.
Merriam Report analysis focuses entirely on the financial statements and specific changes in
the structural components of the reported numbers. Our unconventional and non-macro
intelligence is intended as a critical primary screen to help identify undervalued
opportunities, detect companies in trouble and evaluate dividend safety or yield
risks.
Companies with earnings supported mostly by "true" operating cash-flow are more likely to
maintain or raise their dividend. Conversely, a business whose earnings are heavily reliant on
non-cash or balance-sheet "maneuvers" face a greater risk of reduced or suspended
dividends in the future.
| The MR model may spot problems months before they show up in earnings or conventional analysis. |
| Merriam Investment Research Portfolio Analysis & Financial Research since 1990 |
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| © Merriam Report Investment Research, Jason S. Merriam, MIS, merriamreport.com 2008-2012. All rights reserved |
Undervalued Stocks Overvalued Stocks Risky Dividends Healthy Dividends Fixed Income Ideas Whether you seek value opportunities or ideas to short, MR analysis makes an excellent starting point. MR research is a superb primary filter and very effective at uncovering companies in trouble or mis-priced securities months before Wall St. does. |
The Merriam Report reveals how well a company is managing its cash. |
| The MR offers highly accurate fair-value and earnings quality analysis ...and much more Another great resource for actionable ideas is the Merriam Report Focus List Focus list reports highlight companies we believe are poised to make significant moves up or down in the next 3-6 months. |
| Portfolio Managers & Investment Advisors Merriam Investment Research provides dynamic analysis tools and research solutions to portfolio managers, investment advisors and financial planners Information |
| For Dividend Investors Merriam Report Dividend Review Our analysts scour the dividend universe to uncover dividend growth opportunities and identify companies whose dividends may be in danger of being slashed or suspended. $25 per year Published quarterly For Investors seeking new ideas Subscribe to the MR Quarterly Newsletter only $49 per year >>more info Annual subscription includes four editions of in-depth, timely and actionable investment analysis. |
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| Innovation |
| Investor Knowledge Tools "Class is in Session" This month we examine Deckers Outdoor (DECK) and reveal the warning flags that enabled our clients to lock in profits and avoid a 14% decline in share price following Q1 2011 earnings. WELCOME |
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