Basic Reports
Sell, Sell Short, and Buy recommendations fully documented. More sells than buys. (Recently, three times as many sells as buys.) Research based on extensive interviews with industry sources, including competitors, clients, and suppliers. Less reliance on company management input than is usual in published research. Extensive business model analysis, and income statement and balance sheet analysis. Quality of earnings analysis and complete financial models and projections are included.
Market capitalization generally above $1B. Reports are published when complete. New reports are approximately 20 pages long. There are approximately 20-25 new ideas published annually. Approximately 20 stocks are being covered at any one time.
Updates
Updates for all open positions are published when appropriate. There are approximately 30 to 40 updates published each quarter. Updates are usually 2-5 pages long. Stocks are followed until target price is reached, or until reason for being in the position is no longer valid.
Recommendations
Sell: Usually well followed, popular, highly valued stocks whose basic businesses have fundamental problems that have not yet been recognized by investors, and that will cause earnings disappointments. Triggers and target prices are included in reports.
Buy: Value stocks with low downside risk and possibility of substantial appreciation. Usually under followed or misunderstood.
Delivery
All reports are delivered by secure, encrypted broadcast email, sent simultaneously to all clients, ordinarily when the market is closed. Additionally, all research beginning from year 2000 is archived and is available to clients at our web site, also in an encrypted form.
Contact with analysts
Unlimited contact with analysts. Our limited client base allows us to interact with our clients. There are approximately six analysts on staff. They do not make outbound sales calls to clients.
Track Record
Our batting average is over 0.800, which means we have been right over 80% of the time since inception. We think our record is unmatched in our investing niche in the U.S. over the medium and long term.
We have not had a year since 1995, when we first started tracking the measure, in which we have not outperformed our benchmarks, an S&P 500 index short and a Russell 2000 index short.
We report quarterly performance in substantial detail, including stock performance, batting average, and relative performance.
Price & Contact Information
Fees are based principally on assets under management. With a certain fee level, we provide a certain number of user seats and passwords. Clients pay with “soft dollars” through a broker of their choosing, or with cash. We are not broker dealers. We charge an annual fee, which may be paid in installments in advance for our research services
.Contact: 617-868-7880; research@offwallstreet.com