ValueScreener company report
AMEX / Real Estate / Real Estate - Services
Share price
48.15 USD Market dataClose of Oct 15, 2026Market capitalisation
167.0M USD Market dataClose of Oct 15, 20261 of 10
What the business is, what it costs, and how it reads on four questions.
Market dataComputed
Return on invested capital, after tax
From the FY2025 filing
The debt total on file was summed from short-term debt, long-term debt and lease obligations, and at least one of those was never captured. An absent term is spent as a zero inside that sum, and this balance sheet does not show the term is empty, so we will not build a leverage ratio, an enterprise value or a return on capital on it, or rank the company on one.
Debt to equity
From the FY2025 filing
Filed shareholders equity is zero or below, so debt measured against it is not a measurement (n/m).
Price to earnings
FY2025 accounts, priced at the latest close
Held back: the last annual report's share count does not match today's, as after a split.
Free cash flow yield
FY2025 accounts, priced at the latest close
We do not hold this figure for this company, so there is nothing to show.
Price to earnings is 0.93x at the close of 2026-10-15 on FY2025 figures; the lines are 15.00x (Graham's defensive ceiling) and, by market convention, 10.00x, 25.00x and 40.00x, and this sits below the lowest.
Today, against the Real Estate sector (51 companies), 0.93x sits at the 0th percentile; the middle half of that group runs from 5.30x to 20.41x.
Operating margin was 23.9% in FY2025. No published threshold exists for operating margin, so its standing against peers is the reading.
Today, against the Real Estate - Services industry (33 companies), 23.9% sits at the 100th percentile; the middle half of that group runs from -37.6% to 4.4%.
Interest coverage was 1.15x in FY2025, in the band labelled "Distress territory" (below 1.50x), on lines anchored on Damodaran's interest-coverage table, suggesting an interest bill operating profit barely covers.
These are NEN’s filed figures. The research desk says what they mean, against peers and its own years, with what to check next.
2 of 10
The newest filing, what it moved, and when the next one is due.
SEC filingCompany statement
The newest accounts on file are the FY2025 annual report: 10-K, filed Mar 13, 2026, accession 0001104659-26-027586.
3 of 10
The returns the business earns on its capital, and the margins behind them.
SEC filingComputed
| Figure | Value, source and document |
|---|---|
Return on invested capital, after taxWhy n/aThe debt total on file was summed from short-term debt, long-term debt and lease obligations, and at least one of those was never captured. An absent term is spent as a zero inside that sum, and this balance sheet does not show the term is empty, so we will not build a leverage ratio, an enterprise value or a return on capital on it, or rank the company on one. | n/a ComputedFY2025 10-K, filed Mar 13, 2026, 0001104659-26-027586 |
Return on equityWhy n/mBook equity is zero or negative. Return on equity computed over it flips sign and can read as a strong positive on a loss-making company, so we will not show a number. | n/m ComputedFY2025 10-K, filed Mar 13, 2026, 0001104659-26-027586 |
Return on capital employed, pre-taxWhy n/aWe do not hold this figure for this company, so there is nothing to show. | n/a ComputedFY2025 10-K, filed Mar 13, 2026, 0001104659-26-027586 |
| Return on assets | 1.2% ComputedFY2025 10-K, filed Mar 13, 2026, 0001104659-26-027586 |
Gross marginWhy n/aOur archived statements for this filer carry no gross profit line, so there is nothing to compute a gross margin from and trace back to source. That may be because the filer presents no cost of revenue, or because we have not captured the concept. We do not guess which. | n/a ComputedFY2025 10-K, filed Mar 13, 2026, 0001104659-26-027586 |
| Operating margin | 23.9% ComputedFY2025 10-K, filed Mar 13, 2026, 0001104659-26-027586 |
| Net margin | 6.8% ComputedFY2025 10-K, filed Mar 13, 2026, 0001104659-26-027586 |
4 of 10
What it owes against what it owns, and whether it can meet what falls due.
SEC filingComputedCompany statement
| Figure | Value, source and document |
|---|---|
Debt to equityWhy n/mFiled shareholders equity is zero or below, so debt measured against it is not a measurement (n/m). | n/m ComputedFY2025 10-K, filed Mar 13, 2026, 0001104659-26-027586 |
Current ratioWhy n/aOur archived statements for this filer carry no current assets line, so we cannot compute this from source and show you where it came from. | n/a ComputedFY2025 10-K, filed Mar 13, 2026, 0001104659-26-027586 |
Quick ratioWhy n/aOur archived statements for this filer carry no current assets line, so we cannot compute this from source and show you where it came from. | n/a ComputedFY2025 10-K, filed Mar 13, 2026, 0001104659-26-027586 |
| Interest coverage | 1.15x ComputedFY2025 10-K, filed Mar 13, 2026, 0001104659-26-027586 |
Altman Z-scoreWhy n/aWe do not hold this figure for this company, so there is nothing to show. | n/a ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Mar 13, 2026, 0001104659-26-027586 |
Net debtWhy n/aThe FY2025 balance sheet carries no net debt we could read. | n/a ComputedFY2025 10-K, filed Mar 13, 2026, 0001104659-26-027586 |
What New England Realty Associates Limited Partnership owned and owed at the end of fiscal 2025, from the balance sheet it filed (10-K, filed Mar 13, 2026, 0001104659-26-027586).
| Total assets | 505.3M FiledFY2025 10-K, filed Mar 13, 2026 |
|---|---|
| Total liabilities | 579.5M FiledFY2025 10-K, filed Mar 13, 2026 |
| Shareholders' equity | -74.2M FiledFY2025 10-K, filed Mar 13, 2026 |
| Cash | 26.7M FiledFY2025 10-K, filed Mar 13, 2026 |
| Total debt | n/a FiledFY2025 10-K, filed Mar 13, 2026 |
| Net debt | n/a |
| Current ratio | n/a |
| Debt to equity | n/m |
Read from the filed balance sheet for each year, with the income statement of the same year supplying operating profit where a ratio needs it. Nothing here is a view on whether this company is sound.
5 of 10
What the market charges for it, against its own record and companies like it.
Market dataSEC filingComputed
| Figure | Value, source and document |
|---|---|
Price to earningsWhy n/aHeld back: the last annual report's share count does not match today's, as after a split. | n/a ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Mar 13, 2026, 0001104659-26-027586 |
P/E on trailing twelve monthsWhy n/aA trailing figure needs 4 filed quarters with the dates they were filed on, and we hold 0 for this company. Nothing is drawn rather than a line built from fewer. | n/a ComputedClose of Oct 15, 2026 · Trailing four quarters, each as known on the day; the quarterly filings are listed under Filings |
Price to bookWhy n/mBook equity is zero or negative, so a ratio measured against it (debt to equity, price to book) is not a measurement, and we will not show a number. | n/m ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Mar 13, 2026, 0001104659-26-027586 |
| Price to sales | 0.06x ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Mar 13, 2026, 0001104659-26-027586 |
Enterprise value to EBITWhy n/aThe debt total on file was summed from short-term debt, long-term debt and lease obligations, and at least one of those was never captured. An absent term is spent as a zero inside that sum, and this balance sheet does not show the term is empty, so we will not build a leverage ratio, an enterprise value or a return on capital on it, or rank the company on one. | n/a ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Mar 13, 2026, 0001104659-26-027586 |
Enterprise value to EBITDAWhy n/aThe debt total on file was summed from short-term debt, long-term debt and lease obligations, and at least one of those was never captured. An absent term is spent as a zero inside that sum, and this balance sheet does not show the term is empty, so we will not build a leverage ratio, an enterprise value or a return on capital on it, or rank the company on one. | n/a ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Mar 13, 2026, 0001104659-26-027586 |
Price to earnings over growthWhy n/aWe do not hold this figure for this company, so there is nothing to show. | n/a ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Mar 13, 2026, 0001104659-26-027586 |
Diluted earnings per shareWhy n/aThe FY2025 filing carries no diluted earnings per share we could read. | n/a FiledFY2025 10-K, filed Mar 13, 2026, 0001104659-26-027586 |
Graham numberWhy n/aWe do not hold this figure for this company, so there is nothing to show. | n/a ComputedFY2025 10-K, filed Mar 13, 2026, 0001104659-26-027586 |
We publish no fair value or price target of our own. Value NEN on your own assumptions in the DCF workbench, starting from the filed figures.
What the market charges for New England Realty Associates Limited Partnership today, and the multiples it has carried. No value of ours: the figures are the filings’ and the market’s.
| Share price | 48.15 USD |
|---|---|
| Market capitalisation | 167.0M USD |
| Enterprise value to EBITDA | n/a |
| Graham number | n/a |
| Diluted earnings per share | n/a |
Price to earnings on trailing twelve months: A trailing figure needs 4 filed quarters with the dates they were filed on, and we hold 0 for this company. Nothing is drawn rather than a line built from fewer.
Same industry (Real Estate - Services) and size band (Micro, 50M to 300M), nearest in market value and net margin. Each of those counts equally, by how many of the companies considered sit between the two on it. Closest first: the order is likeness and nothing else.
6 of 10
Whether profit arrives as cash, and what is paid back to shareholders.
Computed
| Figure | Value, source and document |
|---|---|
Free cash flow yieldWhy n/aWe do not hold this figure for this company, so there is nothing to show. | n/a ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Mar 13, 2026, 0001104659-26-027586 |
Free cash flowWhy n/aThe FY2025 filing carries no free cash flow we could read. | n/a ComputedFY2025 10-K, filed Mar 13, 2026, 0001104659-26-027586 |
Free cash flow marginWhy n/aNo free cash flow, and no operating cash flow and capital expenditure pair, is filed for this year. | n/a ComputedFY2025 10-K, filed Mar 13, 2026, 0001104659-26-027586 |
Dividend yieldWhy n/aHeld back: the last annual report's share count does not match today's, as after a split. | n/a ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Mar 13, 2026, 0001104659-26-027586 |
Payout ratioWhy n/aWe do not hold this figure for this company, so there is nothing to show. | n/a ComputedFY2025 10-K, filed Mar 13, 2026, 0001104659-26-027586 |
7 of 10
Every figure, the year it is for and the document it was read from.
SEC filing
Computed from the accounts this company filed with the SEC and, in a ratio with a price in it, the last close, dated on this page. Every filed figure below carries the fiscal year and the filing date its accounts were read from, and every blank carries the reason it is blank. Nothing here is a view on this company.
| Figure | Value | Year | As of |
|---|---|---|---|
| n/a | FY2025 | Oct 15, 2026 | |
| n/a Held back: the last annual report's share count does not match today's, as after a split. | |||
FormulaShare price / earnings per share. Where the filing states no earnings per share this listing can be priced on, which is every 20-F and 40-F filer because theirs is stated per ordinary share, it is market capitalisation / net income: the same multiple, undiluted. As ofThe close on Oct 15, 2026, over the filed figures of FY2025: a price is in this figure, and it moved after the filing. Form10-KFiledMar 13, 2026PeriodFY2025Accession0001104659-26-027586What we read from itIncome statementFY2025Open on SEC.gov, accession 0001104659-26-027586, leaves this page and opens in a new tab | |||
| n/m | FY2025 | Oct 15, 2026 | |
| n/m Not meaningful for this company, such as a P/E on negative earnings or a bank's EV/EBIT. | |||
FormulaMarket capitalisation / shareholders equity As ofThe close on Oct 15, 2026, over the filed figures of FY2025: a price is in this figure, and it moved after the filing. Form10-KFiledMar 13, 2026PeriodFY2025Accession0001104659-26-027586What we read from itBalance sheetFY2025Open on SEC.gov, accession 0001104659-26-027586, leaves this page and opens in a new tab | |||
| n/a | FY2025 | Oct 15, 2026 | |
| n/a The debt total on file was summed from short-term debt, long-term debt and lease obligations, and at least one of those was never captured. An absent term is spent as a zero inside that sum, and this balance sheet does not show the term is empty, so we will not build a leverage ratio, an enterprise value or a return on capital on it, or rank the company on one. | |||
Formula(Market capitalisation + total debt - cash) / operating income, or over the filing's own EBIT (income before tax + interest expense) where the filer tags no operating line, as Johnson & Johnson does not in any of its ten filed years. As ofThe close on Oct 15, 2026, over the filed figures of FY2025: a price is in this figure, and it moved after the filing. Form10-KFiledMar 13, 2026PeriodFY2025Accession0001104659-26-027586What we read from itIncome statementFY2025Open on SEC.gov, accession 0001104659-26-027586, leaves this page and opens in a new tabForm10-KFiledMar 13, 2026PeriodFY2025Accession0001104659-26-027586What we read from itBalance sheetFY2025Open on SEC.gov, accession 0001104659-26-027586, leaves this page and opens in a new tab | |||
| n/a | FY2025 | Oct 15, 2026 | |
| n/a The filed cash flow statement reports neither free cash flow nor the operating cash flow and capital spending it is built from. | |||
FormulaFree cash flow per share / share price x 100 As ofThe close on Oct 15, 2026, over the filed figures of FY2025: a price is in this figure, and it moved after the filing. Form10-KFiledMar 13, 2026PeriodFY2025Accession0001104659-26-027586What we read from itCash flow statementFY2025Open on SEC.gov, accession 0001104659-26-027586, leaves this page and opens in a new tab | |||
| n/a | FY2025 | Mar 13, 2026 | |
| n/a The debt total on file was summed from short-term debt, long-term debt and lease obligations, and at least one of those was never captured. An absent term is spent as a zero inside that sum, and this balance sheet does not show the term is empty, so we will not build a leverage ratio, an enterprise value or a return on capital on it, or rank the company on one. | |||
FormulaVendor trailing-twelve-month return on invested capital where one is published, which uses after-tax operating profit over total assets less current liabilities. Otherwise our own recompute: NOPAT / (shareholders equity + total debt - cash) x 100, where NOPAT is the filed operating profit after tax, or the filing's own EBIT after tax where the filer tags no operating line. As ofThe filing date of the statements below, for FY2025. Form10-KFiledMar 13, 2026PeriodFY2025Accession0001104659-26-027586What we read from itIncome statementFY2025Open on SEC.gov, accession 0001104659-26-027586, leaves this page and opens in a new tabForm10-KFiledMar 13, 2026PeriodFY2025Accession0001104659-26-027586What we read from itBalance sheetFY2025Open on SEC.gov, accession 0001104659-26-027586, leaves this page and opens in a new tab | |||
| n/a | FY2025 | Oct 15, 2026 | |
| n/a Held back: the last annual report's share count does not match today's, as after a split. | |||
FormulaCommon dividends paid in the latest filed year / market capitalisation x 100. n/a where the filing cannot support it: a special or first-year payment, a total that mixes preferred dividends, or a cash-flow statement over 15 months old. As ofThe close on Oct 15, 2026, over the filed figures of FY2025: a price is in this figure, and it moved after the filing. Form10-KFiledMar 13, 2026PeriodFY2025Accession0001104659-26-027586What we read from itCash flow statementFY2025Open on SEC.gov, accession 0001104659-26-027586, leaves this page and opens in a new tab | |||
| n/m | FY2025 | Mar 13, 2026 | |
| n/m Not meaningful for this company, such as a P/E on negative earnings or a bank's EV/EBIT. | |||
FormulaTotal debt / shareholders equity As ofThe filing date of the statements below, for FY2025. Form10-KFiledMar 13, 2026PeriodFY2025Accession0001104659-26-027586What we read from itBalance sheetFY2025Open on SEC.gov, accession 0001104659-26-027586, leaves this page and opens in a new tab | |||
| n/a | FY2025 | Mar 13, 2026 | |
| n/a Our archived statements for this filer carry no current assets line, so we cannot compute this from source and show you where it came from. | |||
FormulaCurrent assets / current liabilities As ofThe filing date of the statements below, for FY2025. Form10-KFiledMar 13, 2026PeriodFY2025Accession0001104659-26-027586What we read from itBalance sheetFY2025Open on SEC.gov, accession 0001104659-26-027586, leaves this page and opens in a new tab | |||
| 0.06x | FY2025 | Oct 15, 2026 | |
FormulaMarket capitalisation / revenue As ofThe close on Oct 15, 2026, over the filed figures of FY2025: a price is in this figure, and it moved after the filing. Form10-KFiledMar 13, 2026PeriodFY2025Accession0001104659-26-027586What we read from itIncome statementFY2025Open on SEC.gov, accession 0001104659-26-027586, leaves this page and opens in a new tab | |||
| n/a | FY2025 | Oct 15, 2026 | |
| n/a The filed income statement reports no earnings per share. | |||
FormulaPrice to earnings / the annual earnings growth rate, in percentage points As ofThe close on Oct 15, 2026, over the filed figures of FY2025: a price is in this figure, and it moved after the filing. Form10-KFiledMar 13, 2026PeriodFY2025Accession0001104659-26-027586What we read from itIncome statementFY2025Open on SEC.gov, accession 0001104659-26-027586, leaves this page and opens in a new tab | |||
| n/a | FY2025 | Oct 15, 2026 | |
| n/a We hold no figure here and no stored reason for its absence. The gap is ours, not the company's. | |||
Formula1.2 x working capital/assets + 1.4 x retained earnings/assets + 3.3 x EBIT/assets + 0.6 x market value of equity/total liabilities + 1.0 x revenue/assets As ofThe close on Oct 15, 2026, over the filed figures of FY2025: a price is in this figure, and it moved after the filing. Form10-KFiledMar 13, 2026PeriodFY2025Accession0001104659-26-027586What we read from itIncome statementFY2025Open on SEC.gov, accession 0001104659-26-027586, leaves this page and opens in a new tabForm10-KFiledMar 13, 2026PeriodFY2025Accession0001104659-26-027586What we read from itBalance sheetFY2025Open on SEC.gov, accession 0001104659-26-027586, leaves this page and opens in a new tab | |||
| -2.68 | FY2025 | Mar 13, 2026 | |
FormulaAn eight-variable index of year-on-year changes in receivables, gross margin, asset quality, revenue, depreciation, overheads, leverage and accruals As ofThe filing date of the statements below, for FY2025. Form10-KFiledMar 13, 2026PeriodFY2025Accession0001104659-26-027586What we read from itIncome statementFY2025Open on SEC.gov, accession 0001104659-26-027586, leaves this page and opens in a new tabForm10-KFiledMar 13, 2026PeriodFY2025Accession0001104659-26-027586What we read from itBalance sheetFY2025Open on SEC.gov, accession 0001104659-26-027586, leaves this page and opens in a new tabForm10-KFiledMar 13, 2026PeriodFY2025Accession0001104659-26-027586What we read from itCash flow statementFY2025Open on SEC.gov, accession 0001104659-26-027586, leaves this page and opens in a new tab | |||
| 4/9 | FY2025 | Mar 13, 2026 | |
FormulaOne point each for: positive return on assets, positive operating cash flow, rising return on assets, operating cash flow above net income, falling leverage, rising current ratio, no new shares issued, rising gross margin, rising asset turnover. As ofThe filing date of the statements below, for FY2025. Form10-KFiledMar 13, 2026PeriodFY2025Accession0001104659-26-027586What we read from itIncome statementFY2025Open on SEC.gov, accession 0001104659-26-027586, leaves this page and opens in a new tabForm10-KFiledMar 13, 2026PeriodFY2025Accession0001104659-26-027586What we read from itBalance sheetFY2025Open on SEC.gov, accession 0001104659-26-027586, leaves this page and opens in a new tabForm10-KFiledMar 13, 2026PeriodFY2025Accession0001104659-26-027586What we read from itCash flow statementFY2025Open on SEC.gov, accession 0001104659-26-027586, leaves this page and opens in a new tab | |||
The figures are computed from the accounts for fiscal 2025, the newest full year on file. 16 filed fiscal years on record, FY2009 to FY2025, from SEC EDGAR. Prices as of Oct 15, 2026. Ratios recomputed Oct 15, 2026. Two facts, because a recompute is not a fresh quote.
The year and the filing date name the statement each figure’s accounts are read from, and they stand even where the figure itself could not be computed: the line beneath a blank says what that statement did not carry. A figure’s name opens its formula and the filings behind it; a statement that names no SEC filing has no filing date, and reads n/a.
10 filed fiscal years, FY2016 to FY2025, read from the annual reports New England Realty Associates Limited Partnership filed with the SEC. Each year names its filing. Amounts in USD, as filed.
| Year | Revenue | Operating income | Net income | EPS, diluted | Free cash flow | Operating margin | Return on equity | Filing |
|---|---|---|---|---|---|---|---|---|
| FY2025 | 89.2M | 21.3M | 6.0M | n/a | n/a | 23.9% | n/m | 10-K, Mar 13, 20260001104659-26-027586 |
| FY2024 | 80.5M | 25.4M | 15.7M | n/a | n/a | 31.5% | n/m | 10-K, Mar 14, 20250001558370-25-003015 |
| FY2023 | 74.5M | 18.8M | 8.5M | n/a | n/a | 25.3% | n/m | 10-K, Mar 14, 20240001558370-24-003239 |
| FY2022 | 68.3M | 18.1M | 3.7M | n/a | n/a | 26.5% | n/m | 10-K, Mar 13, 20230001558370-23-003589 |
| FY2021 | 62.6M | 14.2M | -2.7M | n/a | n/a | 22.7% | n/m | 10-K, Mar 11, 20220001558370-22-003450 |
| FY2020 | 62.1M | 15.0M | 1.4M | n/a | n/a | 24.1% | n/m | 10-K, Mar 12, 20210001558370-21-002894 |
| FY2019 | 60.5M | 17.3M | 6.5M | n/a | n/a | 28.6% | n/m | 10-K, Mar 12, 20200001558370-20-002520 |
| FY2018 | 58.0M | 14.9M | 4.2M | n/a | n/a | 25.7% | n/m | 10-K, Mar 13, 20190001558370-19-001912 |
| FY2017 | 52.8M | 14.1M | 6.9M | n/a | n/a | 26.8% | n/m | 10-K, Mar 13, 20180001558370-18-001971 |
| FY2016 | 49.6M | 13.3M | 5.0M | n/a | n/a | 26.8% | n/m | 10-K, Mar 13, 20170001558370-17-001693 |
Every figure in this section is a line of a filed annual statement or a ratio of two of them. Nothing here is estimated or smoothed. Earnings per share filed before a share split are put on today's share count, and say so. Nothing here is a verdict on the company.
8 of 10
The accounting screens, the published tests, and the lines you can set to be told.
ComputedCompany statement
| Figure | Value, source and document |
|---|---|
| Beneish M-score | -2.68 ComputedFY2025 10-K, filed Mar 13, 2026, 0001104659-26-027586 |
| Piotroski F-score | 4/9 ComputedFY2025 10-K, filed Mar 13, 2026, 0001104659-26-027586 |
| Named tests met | 1 of 30 Computed |
| Beta | -0.18 ComputedClose of Oct 15, 2026 |
Of 30 tests value investors published: 1 met, 14 not met, 15 we could not complete. Counts, never a score: a single figure would have to decide that meeting one investor’s criteria and meeting another’s are worth the same.
9 of 10
Whether anybody here owns this company.
Positions declared by Javier Sanz Alvarez: no holding in any company shown here, as of October 3, 2026.
10 of 10
What to do with what you have read.
A thesis is your reason for owning it, in your words, with the figures that must stay true. Checking those figures every night against the newest filed accounts, and telling you once when one breaks, is what the subscription adds.
And the one that is true of all of it: This is what the numbers say today. It cannot tell you the day one of them stops being true. Nothing here can, because the reasons are not written down.
Running this once is arithmetic on public documents and you are welcome to it. Writing down why you own each company, in your own words and with the numbers that have to stay true for it to hold, and then having those numbers re-checked every night against the newest filed accounts, and against the latest close where a rule watches a price, is Professional, the plan a new account starts on for 30 days, one trial per person. It writes to you the day one breaks, and stays quiet when nothing does. The check runs every night at 23:30 UTC. A filing is picked up the night after it is published.
No card. 30 free days, and nothing is charged unless you choose a plan.
ValueScreener · valuescreener.ai · Computed from accounts filed with the SEC by this company, read from EDGAR, and from dated closing prices. On this page a filed figure opens into its formula, its inputs and the statement, fiscal year and filing date it was read from, and a price into the day of its close. A figure that cannot show that trail says so.
A computation on accounts filed with the SEC, not a recommendation and not advice. Past filings do not indicate future results. Risk disclaimer.
Once a week, what changed in the filings of US-listed companies, why it can matter to a thesis, and what deserves a closer review. Grounded in filings, not market noise.