While I will be working on some minor enhancements (most likely transparent to you) in my back log, I will be focusing primarily on applying Defensive & Enterprising Income Statement. “It’s Earnings That Count: Finding Stocks with Earnings Power for Long-Term Profits” details a method for triangulating the true earnings power of public companies. The method is to construct Defensive & Enterprising Income Statement.
Concepts behind this method sounds great, but I need to put them into application in order to test its effectiveness. Unlike Discount Rate and Uncertainty, the Defensive & Enterprising Income Statement is just an add-on to my stock analysis. Thus, you may be able to see 1-2 new spreadsheet in my excel in the future.
If I found this method is not effective, I will stop my research.