Franklin Resources

Restructuring charges are supposed to be non-recurring. When they recur year after year, they stop being noise and start telling you something important about the business.

Staples and utilities get the 'defensive' label, but the historical record is messier. Here's how each so-called defensive sector actually behaved in past recessions.

Most coverage of the Fed treats rates as the story. For stock pickers, the dot plot and statement language are inputs into earnings models. Here's how to use them.

Defined-benefit pensions can rival a company's bonded debt — yet they sit off the balance sheet. Here's how to find the shortfall and which industrials carry it.

EPS is an accountant's number. Free cash flow is what actually compounds. Here's how to find the FCF figure that survives buybacks, leases, and stock-based comp.

SEC rules force companies to name customers above 10% of revenue. Here's how to use that disclosure to size cyclical and single-point-of-failure risk in your holdings.