Drake Posted July 17, 2015 Share Posted July 17, 2015 Is there a correlation between investment performance and having the highest quality data? I can`t see a reason to pay for data, but of course i understand that people that sell data have a different view on this aspect. :) Maybe not. But several times when I used GuruFocus' screeners to look for cheap stocks, the results for European stocks were partly invalid due to the bad data-quality - e.g., because they did not account for stock splits or other corporate actions. For a few stocks that I know well, I have found data errors that resulted in strange value metrics. But you are right - these issues will not damage my portfolio performance, because I will not blindly buy or sell based on metrics alone. But I like to use valuation metrics as a starting point, and finding and understanding these data errors costs time - and I fear that I am seeing only the tip of the iceberg... I know that attaining good data quality is difficult and that banks - or especially funds managers - invest a lot of money into fixing data quality issues. Thus, I appreciate data quality and am willing to pay reasonable amounts for it (however, I am not willing to pay more than 1% of my portfolio capital, hence Bloomberg or - even more desirable - Capital IQ are way out of reach, at the moment). Link to comment Share on other sites More sharing options...
Drake Posted July 17, 2015 Share Posted July 17, 2015 Yes, the $100 tool reference was Morningstar. For a while they had a deal where it was. $100 a year if you subscribed through a Fidelity link. Their database is excellent. [...] Their international coverage is impressive. Thank you, that's great to hear. Sounds like a bargain, I will give them a try. Link to comment Share on other sites More sharing options...
augustabound Posted July 17, 2015 Share Posted July 17, 2015 I've seen people make investment mistakes because they have bad data. Easy to make a bad decision if you don't have the whole story. Is the blame on the service provider or the investors not validating their numbers with regulatory filings though? Link to comment Share on other sites More sharing options...
Jurgis Posted July 17, 2015 Share Posted July 17, 2015 I've seen people make investment mistakes because they have bad data. Easy to make a bad decision if you don't have the whole story. Is the blame on the service provider or the investors not validating their numbers with regulatory filings though? Service providers should provide good data. Investors should validate the data. It is somewhat easy to validate data against SEC filings. It might be tough if company does not SEC file (OTC, foreign - excluding some countries that have easy SEC-equivalent access). Link to comment Share on other sites More sharing options...
Drake Posted July 17, 2015 Share Posted July 17, 2015 It is somewhat easy to validate data against SEC filings. It might be tough if company does not SEC file (OTC, foreign - excluding some countries that have easy SEC-equivalent access). Yes, that's probably the reason why data quality can be an issue for European stocks - we don't have anything comparable to EDGAR, over here :-( Link to comment Share on other sites More sharing options...
augustabound Posted July 17, 2015 Share Posted July 17, 2015 Off topic but does anyone know if there's an Australian equivalent that would show insider holdings like the SEC does with the proxy or Sedar does with the Annual Information Circular? Link to comment Share on other sites More sharing options...
IntrinsicEdge Posted July 17, 2015 Share Posted July 17, 2015 Anyone tried Ycharts or Money.net as a data source? Both have been touted in the media as bloomberg replacements... Link to comment Share on other sites More sharing options...
oddballstocks Posted July 17, 2015 Share Posted July 17, 2015 Anyone tried Ycharts or Money.net as a data source? Both have been touted in the media as bloomberg replacements... They both use Morningstar as their datasource. I've seen a few demos from "bloomberg killers" and they are nothing special. Bloomberg excels in harvesting very unique data sources. Link to comment Share on other sites More sharing options...
IntrinsicEdge Posted July 19, 2015 Share Posted July 19, 2015 This weekend GuruFocus started offering an Excel Add-In for their Premium subscribers. I've been a Premium subscriber for a couple years and must admit this is a great new feature. It downloads 20 years of annual and quarterly financial data straight into an Excel spreadsheet. Plus you can get Portfolio and Guru reports downloaded too although I haven't played around with those much yet. Link to comment Share on other sites More sharing options...
educatedidiot Posted February 7, 2017 Share Posted February 7, 2017 You can get 20 years of free financials on http://www.rocketfinancial.com Link to comment Share on other sites More sharing options...
wachtwoord Posted February 7, 2017 Share Posted February 7, 2017 You can get 20 years of free financials on http://www.rocketfinancial.com Thank you! Link to comment Share on other sites More sharing options...
undervalued Posted February 7, 2017 Share Posted February 7, 2017 You can get 20 years of free financials on http://www.rocketfinancial.com Thank you! After a quick browse using rocket, I don't see debt being considered in their EV calculation for TDG. Link to comment Share on other sites More sharing options...
educatedidiot Posted February 7, 2017 Share Posted February 7, 2017 It looks right to me. Just under $10 billion in net debt and ~$22 billion EV. You can see here: http://www.rocketfinancial.com/Overview.aspx?fID=6150&pw=202908 Link to comment Share on other sites More sharing options...
Dynamic Posted February 10, 2017 Share Posted February 10, 2017 There are clearly certain problems in rocketfinancial, e.g. BRK.A Shareholders Equity in the early 2000's: http://www.rocketfinancial.com/Financials.aspx?fID=1058&p=2&i=7&pw=34872&rID=2&tID=2&stID=1&segID=-1 but a lot of the data seems good and subject to checking, could well be useful for examining trends and cyclicality of basic metrics. I like that it offers to show the data "as presented" or "standardized view" For a light user only interested in a modest number of companies, it looks like a very handy resource for some basic sanity checking and early stage research, which can be followed up on later by digging through the filings. Link to comment Share on other sites More sharing options...
educatedidiot Posted February 10, 2017 Share Posted February 10, 2017 The options for both "As Reported" and "Standardized" financials are definitely one of the best features -- I haven't seen that available anywhere else for free. The spinoffs tracker is also very useful too: http://www.rocketfinancial.com/spinoffs/ Link to comment Share on other sites More sharing options...
LongTermView Posted June 1, 2018 Share Posted June 1, 2018 The 10 year financials stopped working for me today on Morningstar: http://financials.morningstar.com/ratios/r.html?t=boot®ion=USA&culture=en_US I liked their format where 10 years were all on the same page. Are there any free alternatives? rocketfinancial.com isn't bad but I see 8 years on one page as opposed to 10. Link to comment Share on other sites More sharing options...
Guest Schwab711 Posted June 2, 2018 Share Posted June 2, 2018 BOOT IPO'd in 2014. Link to comment Share on other sites More sharing options...
LongTermView Posted June 2, 2018 Share Posted June 2, 2018 BOOT IPO'd in 2014. lol, BOOT was a terrible example. It's working again for me. :) Here's a better example using Middleby: http://financials.morningstar.com/ratios/r.html?t=midd®ion=USA&culture=en_US The above shows between 55 million and 57 million shares from 2009 to present. rocketfinancial.com has different share count numbers for 2010 and 2011. They have 18.3 million and 18.5 million, respectfully (diluted). Link to comment Share on other sites More sharing options...
Guest Schwab711 Posted June 2, 2018 Share Posted June 2, 2018 I have had a lot of issues with data quality when using Rocket. I don't know how they miss on some data points like this (where share count is not complicated). I only use their per store financials but take them with a grain of salt. Depending on how tech savvy you are, it might be worth looking in to XBRL add-ins for Excel to pull directly from EDGAR. I think all financials are XBRL based now. Also, you can download financials on EDGAR from 10ks. As for websites, Morningstar and gurufocus are the only reliable ones I know with some of this data :/. This was another reason I ended up as a quality investor. It was hard to get data quickly so I had to focus my research. Link to comment Share on other sites More sharing options...
Guest MarkS Posted June 2, 2018 Share Posted June 2, 2018 You guys could look at AAII stock investor pro. It allows for extensive downloads for not a lot of money. http://www.aaii.com/store/sipro?clicksrc=store Mark Link to comment Share on other sites More sharing options...
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