

| MR Learning Center |
| Want to learn more about financial statements and fundamental analysis? The links below provide some terrific resources. |
| Additional Investor Resources Operating Cash Flow: Better Than Net Income? - Differences between accrual accounting and cash flows show why net income is easier to manipulate. Analyze Cash Flow The Easy Way - Find out how a company spends its money and whether there will be any left over for investors. The Essentials Of Cash Flow - Tune out the accounting noise and see whether a company is generating the stuff it needs to sustain itself. How Some Companies Abuse Cash Flow - Pressure to be the best can sometimes push corporations to cheat. Learn how they do it and how to spot it. |
| Not recommended for the analysis of bank, insurance, mortgage or similar financial services companies. |
| The MR also offers an excellent confirmation tool for technical analysis. |
| Recommended Reading HOW THIS BEAR CRUNCHES THE NUMBERS FORENSIC INVESTING AT SMARTMONEY.COM |
Our objective is to provide investors with timely, accurate and predictive analysis which reveals the true quality of earnings being reported in a company’s financial statements. |
| Merriam Report Quality-of-Earnings Product Information |
| Summer 2010 MR Quarterly Newsletter now Available Subscription Information |