Financial statements exist to allow outside investors to know where a company stands financially (Balance Sheet), what the company is producing in the way of return (Income Statement), and how the cash is being managed (Statement of Cash Flows).
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A reader of my book, Choose Stocks Wisely, wrote me the other day and our e-mail conversation prompted this post. He was performing stock analysis on several companies and noticed that Finviz was reflecting a September 30, 2013 date for the most recent financial statement information available. He checked Yahoo Finance and found information was updated through December 31, 2013. I appreciated his note and it gives me opportunity to address an important subject, namely the difference between primary and secondary sources of financial statement information.
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If your experience is like mine, it seems that many things seem to pile up this time of year. We all have to either do our own taxes or get things together for them to be done by another. As a CPA, I simply can’t bring myself to having someone do my taxes for me although I get sorely tempted at times. Anyway, that April 15th deadline will be here before we know it.
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This is a continuation from last week’s post.
Vince inquired about a stock that he knew of that basically met my finviz screen but did not show up when he ran the screen. He asked, “What is your take on this?”
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