Writing Sell side Research – Information sources
We thought it would be good idea to list down few places where one can get publicly available information about the subject company without much effort. A proper skillful use of these sources could prove to be very crucial for getting the basics right before you make an investment case. A basic learning of these sources will make you more effective in generating the initial research story around a company and/or industry.
Please go through more resources on http://www.learnwebskills.com/company/links.html
The Company Website: Things to look for
- Mission, Vision statement, about us, management team, board of directors, products and also recent news releases.
- Review past events, investor presentations, last quarterly/annual report and latest earning call transcripts etc
Google/other Search Engines/Wikipedia
- Of course, Googling the company name is the first thing you would do, but use advanced search features by adding terms like “[product name] reviews” or “alternatives” or “problems” or “legal cases” or “feedback” might turn up articles that are more relevant, obscure and full of information.
- Be creative with the search engine. You can also try similar techniques in other social media websites like Twitter, Facebook, Linkedin etc
Rating Agencies report (CRISIL, ICRA, CARE, FITCH)
- Often, the company’s debt would be rated and you can get information from credit rating agencies report/press releases.
Environmental/Govt Agencies
- Generally, most project documents, government approvals, CAG audit reports, tenders, and large plant details would be available on State or Central government’s relevant departmental website.
- One good place would be Ministry of corporate affairs (MCA) where you can view the public documents of any company by paying a very small fees
Finance websites (E.g. Google Finance, Bloomberg etc):
- Most finance websites could prove out to be the best place to get stock history, basic financial information, upcoming investor events, news releases, sector reports, global coverage and competitor’s data.
- Some of these websites also allows you to take share prices charts, comparable company charts, sector indexes etc.
Stock Exchange/ other Industry Organizations:
- Stock exchange (BSE, NSE) website for details like notices, latest results, shareholding patters
- Corporate filings website
- Regulator (SEBI) website for past equity prospectus (DRHP) or Debt prospectus could provide valuable history
Regional/Local Newspapers:
- Look for the national as well as regional paper, that’s where you can get more detailed flavor of what’s happening with the company. They often have more content on the management than national sources.
Other uncommonly sources
If you are aware of any other good public resource we missed please email us at team@iaipirc.org |
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