Annual Reports 101: Digging In & Investing Well #valueinvesting #stockanalysis

Annual reports 101 by Michael Thomsett navigates the tricky PR and flexible accounting of annual reports to determine fact from fiction. When valuing companies for investment, focus on the working capital, capitalization & profitability. Don’t just take the numbers for face value. Dig into the footnotes to ensure that odds and ends are accounted for and you get a true intrinsic value for what you’re buying.