| Innovative cash-flow, accrual and capital productivity analysis tools for stocks, bonds and securities |
| Merriam Report© Investment Research |
| Merriam Report Investment Research offers financial statement research tools and services based on "dual cash-flow", accrual and capital productivity analysis to evaluate stocks, bonds and traded securities. Ideal for both institutional and retail investors, our innovative research model is designed to help determine a security's fair-value (equity or debt) and identify source(s) of cash-flow used to create earnings. More importantly, MR Investment Research reveals important clues about the quality of earnings being reported. The Merriam Report research platform utilizes a powerful combination of unconventional cash-flow, accrual and capital productivity methodologies which present a vivid image of a company's true financial health. Unlike 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. What distinguishes MR research from other general and conventional analysis is in how we view the numbers. We focus specifically on how well a company is managing its cash. Companies with earnings supported mostly by "true" operating cash-flow are more likely to maintain a dividend or likely raise it in the future. 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 Merriam Report helps investors cut through the "fluff" and identify opportunities or spot red flags months before traditional analysis. The MR's user friendly presentation and clearly defined indicators also provide an excellent introduction to fundamental investment analysis. |
| The MR model may spot problems months before they show up in earnings or conventional analysis. |
| MIS Portfolio Analysis & Financial Research since 1990 |
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| © Merriam Report Investment Research, Jason S. Merriam, MIS, merriamreport.com 2008-2011. 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. |
| Independent and Unbiased |
| Determine a stock's true "fair-value" and the quality of earnings reported. |
| Merriam Report for ExcelTM Spreadsheet version of Merriam Report Unlimited Analysis $39.99 Learn more |
| 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 Updated 6-6-11 |
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