As they say, time flies: Hard to believe that later this month it will be five years since the mortgage meltdown, Lehman Brothers’ bankruptcy filing and the start of Wall Street’s big slide, all of which triggered the recession that still has shrunk job prospects, retirement nest eggs, home-buying dreams and other expectations for a wide [...]
Investing | Banking
Welcome to one of the most exciting beats in business. Heather Landy, Mary Fricker and Theo Francis tackle some of the big issues.
In this tutorial, we look at quarterly reports issued by publicly traded companies and filed with the U.S. Securities and Exchange Commission. Called 10-Q filings, they can range from dozens to hundreds of pages long.
A full course in finance is beyond the scope of this guide. But for those new to examining a company’s financial statements, a few basics may be helpful.
The 10-Q is a multi-purpose tool. You can use it to break news, to get a better understanding of the companies you cover, or simply for reference, to fill in the gaps as you report and write.
There are lots of ways to zero in on specific filings or find specific words and phrases across filings from multiple companies.
Like all corporate filings, the 10-Q tends to present company information in the best light possible. Yet, there can be plenty of bad news hidden in there.
Theo Francis, freelance journalist and researcher for Disclosure Matters LLC, takes us on a video tour of a 10-Q filing by eBay Inc.
While watching Warren Buffett and Charlie Munger chomp away on See’s Candies as they answered questions from Berkshire Hathaway shareholders, it never crossed my mind that I would be shaking Buffett’s hand the next day. Was it pure luck that made this meeting occur? Not quite. It was talking to people, asking questions and intensely [...]