EOG Resources

When a company restructures its segment reporting, it's rarely cosmetic. Here's a framework for spotting what's being buried — and what to do about it.

Same-store sales tell you about the past. For growth restaurant concepts, AUVs, cash-on-cash returns, and new-unit productivity tell you about the future.

A strong dollar isn't a uniform headwind. Here's how to separate translation noise from real demand destruction across S&P 500 sectors — and where the gap actually bites.

The MD&A reveals as much by omission as by content. A framework for spotting what management chose to highlight, downplay, or quietly leave out of their narrative.

Earnings calls move the quarter. Analyst days move the multi-year thesis. Here's a framework for telling them apart — and weighting them correctly.

Most 10-K risk factors are recycled legal cover. Here's a repeatable framework for finding the handful of lines that actually signal a change in the business.