Analysis

The desire to pay attention to wild predictions has led to this fund flying under the radar, Uniform Accounting shows investors should pay attention

July 10, 2020
Even the biggest companies start small
Recent Newsletters
June 11, 2020
This “transformative” merger appears to have worked out just as poorly as Time Warner and AOL. Uniform Accounting questions that view
Transformative mergers rarely work out. The Time Warner/AOL merger was only unique due to the size of the failure, not due to the fact that it failed in the first place.
June 10, 2020
With stable cash flows and no near-term debt maturities, UAFRS shows creditors’ worries about this firm’s ability to pay its debts is excessive
While equity investors look for upside to cash flows, credit investors just need to know that firms have the means to pay them back.
June 9, 2020
Academics say all acquisitions destroy value, Uniform Accounting shows whether this company’s acquisition strategy bucks that trend
This company made a huge acquisition to expand its business and improve their operations. As-reported metrics saw this as a failure that destroyed the company’s value, hurting their returns.
June 8, 2020
Credit standards are rising fast, here’s why we aren’t heading for a liquidity crisis
The Senior Loan Officer Opinion Survey for Q1 2020 indicates that lending standards are tightening rapidly.
June 4, 2020
Uniform Accounting shows why having a longer-term view of R&D investment should warn investors off this chip stock
Research and Development (R&D) is an investment that often has no tangible or recoverable value if it fails
June 3, 2020
While operational disruptions may concern investors, this firm demonstrates that substantial liquidity can alleviate bankruptcy concerns
Bankruptcy risk goes beyond just examining short-term operational solvency. A prudent credit investor also has to take into account a firm’s liquidity.
June 1, 2020
The coming “Big Bath” in Forbes—Wall Street is wrong about Q2 earnings
Q1 was the S&P 500’s worst earnings quarter in years. So far, Wall Street analysts seem bullish that companies are already getting back on track for Q2.
May 29, 2020
This fund has put up impressive returns by being in strong disagreement with Buffett, Uniform Accounting shows what to expect going forward
Value investing has not been in vogue for some time, and this fund has benefited by deprioritizing value in its investment process
May 28, 2020
This voice software company’s innovations have not translated to strong returns, but Uniform Accounting shows robust numbers
Paperwork is one of the most important processes in healthcare, ensuring that all medical and patient records are tracked and kept. However, this is a tedious process that takes up so much time
May 27, 2020
This company has had a high-yield grade from S&P since its IPO, but the market disagrees. Uniform Accounting uncovers who is right
This company issued debt a year after its IPO and in the six years since, S&P has remained adamant that it is a high-yield name
May 26, 2020
This utility-like industry isn’t regulated like one, and Uniform Accounting shows that has led to massive returns the market isn’t recognizing
Due to their steady volume demand and lack of switching alternatives for customers, utilities are heavily regulated by governments to avoid price gouging, thus limiting their profitability
May 22, 2020
Did a hedge fund great play in the World Series?
In October, we looked at one of the greatest hedge fund managers of all time who took the grandfather of value investing’s teachings, and expanded them while generating impressive returns.
May 21, 2020
UAFRS shows this company’s investment in “surge capacity” hasn’t just saved lives in the pandemic, its led to high profitability
The coronavirus pandemic highlighted the struggle of healthcare workers and the shortage of PPE (Personal Protective Equipment).
May 20, 2020
Uniform Accounting shows even companies in “safe” industries have credit and dividend risk the market isn’t capturing
Consumer staples companies like those in the packaged foods and meats industry are thought to be safe, especially in this environment when everyone is stockpiling on longer-lasting foods. Even if there’s no demand for many discretionary goods, everyone still needs to eat.
May 18, 2020
Market valuations are pricing in a permanent slowdown in economic growth, but history says that’s unrealistic
After the recent market skid, valuations and embedded expectations have fallen to their lowest levels in years.
May 15, 2020
This investor’s focus on a unique economic theory helped position his fund to be prepared for the sell-off this year
This student of Reflexivity has taken 65+ years of financial market experience to master the idea of themes and macro investing
May 14, 2020
Uniform Accounting shows this company is still profiting from the most profitable commodity of the Middle Ages
Spices have been one of the most valuable commodities for a number of centuries, especially during the Age of Exploration