Masco

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.

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.

Three auto-industry data points — SAAR, days' supply, and incentives per unit — tell you more about Ford and GM pricing power than any earnings call sound bite.

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.

Beyond Buffett, a handful of CEOs use the annual letter to reveal how they actually think. Here's a framework for reading them as a forward signal — not PR.