Forensic Research Group (FRG) targets actionable investment ideas for hedge fund and alternative asset managers. Using proprietary bottoms-up and top-down screening tools, the group identifies public companies with risks it deems are not fully discounted by public market participants. The research targets business, accounting, legal and corporate governance risks. The research targets small and mid-cap stocks ($250M- $5B market cap). Industry focus will be fluid based on a top-down perspective, but will focus mostly on technology, consumer, healthcare and services industries.
The group looks to identify two to five new ideas per quarter. New ideas are communicated via detailed research reports containing an analysis of key findings. Update notes on these companies will be provided as deemed necessary. as deemed necessary. The group will produce a watchlist of "best ideas" on a recurring basis in order to keep clients informed on its current thinking. Notes and watchlist updates are distributed via email, as well as being accessible via www.forensic-research.com. Client interaction is included as part of the service while bespoke company reviews are available at an additional fee.
Ideas typically fall into the following categories:
- Story stocks: Identify stocks with questionable earnings projections or companies where management/backers have history of promotional activities.
- Aggressive accounting: Identify companies using aggressive accounting where earnings are materially overstated and/or accounting irregularities could mask fundamental weakness in business.
- Fundamental or industry shifts: Focus on flawed mergers or changes in company strategy or fundamental shifts in industry dynamic that are not properly discounted by market.
Started in 2003, the Forensic Research Group was previously a division of Glass, Lewis & Co., a leading independent governance research firm. The Group was spun-out of Glass Lewis in June 2009.
Track Record: Since 2004, investing ideas uncovered by the FRG have outperformed the market, returning 11% on average versus a market return of 2% over the same time period.
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Now, please don't get mad. These types of "guys" is what makes this such an incredible deal at sub $9 USD. They took a large cap and make it into a small cap. They announced a Clown School in December 2015 and will add "Short Magic Tricks" for December 2016!!!! LOVE IT!!!!!
Lattice, you are either super stupid or truly a woman who has a big mouth. Which one? Both? LOL