The World's Largest Library of In-Depth
Risk Profiles on Public Companies.
D.I. Reports: It All Starts Here.
Video Tour
First conceived of in 2005, the D.I. Report is a research tool designed by analysts for analysts. By summer 2011, our library of D.I. Reports and accompanying analyst notes covered over 1,500 public companies. Not only is it our core research product, this analytically rich data set also provides the foundation for all other research reports we produce. This is independent investment research like you've never seen before.
In 1-2 pages, a D.I. Report gives you a concise summary of the 100 different risk factors we manually search for in a public company's SEC filings and related comment letters from the past 5 years. Accompanying Analyst Notes, delivered in an Excel spreadsheet, can exceed 80 pages. Notes give you all the source data we used to produce a D.I. Report.
-- D.I. Library Samples Below --
- To produce just one D.I. Report, our analysts manually review 5 years of a public company's SEC filings and related comment letters. No electronic data scraping here - this is intensive work!
- Even if we showed them how to do it, it would still take a seasoned securities analyst at least 50 hours to produce one D.I. Report. We know - we timed it. Who has that kind of time?
- To build the D.I. Library, we estimate our analysts reviewed nearly 10 million pages of documents. When it comes to disclosure "tricks" some public companies like to use, you could say we've seen it all!
D.I. Report®
To produce just one D.I. Report, our analysts manually review 5 years of a company's SEC filings to gather and assess data on 100 risk factors.
What's in a D.I. Report?
- 1-2 pages of analysis to quickly give you a sense of a company's risk profile.
- One of four possible risk ratings, from High to Low.
- Summaries of risk factors found in these 6 areas:
- SEC Activity
- Accounting/Auditor Issues
- The Executive Suite
- The Board
- Capital Markets Items
- Non-SEC Regulator items
D.I. Analyst Notes
Every D.I. Report in our library comes with a set of detailed Analyst Notes we used to produce the report.
What's in Analyst Notes?
- Depending on the company, notes are 30-80 pages of the source data used to produce a D.I. Report.
- Data excerpted directly from SEC filings or comment letters.
- Categorized by date, event type, and risk factor.
- Sort it any way you like!
- Short summaries by our analysts on risk factors.
Undisclosed SEC Probe Alerts
We pioneered using the Freedom of Information Act (FOIA) to uncover undisclosed SEC investigations.
What's in a FOIA Update?
- Real-time warnings on undisclosed SEC probes.
- Based on results from the 2,500 FOIA requests we file with the SEC each year.
- Published as we get them, no waiting for warnings to be incorporated into a D.I. Report.
- FOIA Update data produces the D.I. Watch List, which lists all the companies we found that have risk of undisclosed SEC investigations.
D.I. Perspectives
Our library provides excellent source data for special research reports on trends, disclosure shortfalls, or observations made by our analysts.
What are Examples of D.I. Perspectives Reports?
- A compilation of D.I. Reports we wrote on 27 Chinese companies showing above average risk across the names.
- Reports that pick apart and criticize a company's disclosure when we find dangerous shortfalls.
- Industry reports that highlight trends or observations across companies in a sector.
- Reports that highlight and explain one of our risk factors with a real example.
Morning Summary
Anytime we publish, subscribers receive an email alerting them to that day's newly released research reports along with short summaries.
What Should I Expect in the Morning Report?
- Short summaries of that day's newly published D.I. Reports with ratings.
- Links to full reports.
- Summaries will include new D.I. Perspectives reports when published.
Week in Review
Once a week, we publish a report summarizing all the research we published in the week prior. Performance data is included in this summary.
What's in the Week in Review?
- A summary of research we published in the week prior.
- Data showing the performance of our ratings.
- New High and Low Risk companies published in the past week are highlighted.
- Ratings changes from the past week are highlighted.
- Updated statistical data on the composition of the D.I. Library.
