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Learning to Invest / Reading Financial Statements

URL:  http://boards.fool.com/id-second-zoningfools-advice-just-look-up-the-29977261.aspx

Subject:  Re: most accurate financial statistics on stocks Date:  4/14/2012  6:45 PM
Author:  TMFSandman Number:  3867 of 3913

I'd second zoningfool's advice. Just look up the original source documents on the SEC site. It's generally not the much slower than looking on Yahoo Finance or one of those other sites, though you will have to calculate ratios, etc. yourself.

The big advantage of calculating the ratios yourself is that you'll know exactly what's going into the calculation. For example, you won't look at the PE ratio and wonder if it's using trailing twelve month earnings, current quarter earnings annualized, next year's earnings estimates, or wonder if the numbers, regardless of method used, are current.

Mike
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