St. Louis accelerator invests in New Constructs

Stock research firm joins Wealth Access in SixThirty program
Oct 14, 2014 7:46 AM

New Constructs hooks up with advisor hub

Local investment evaluator David Trainer has signed an agreement to supply its research reports to clients of FA Today, which sells news and technology tools to independent financial advisors looking to connect with each other. FA Today's current format was launched in October, when it had about 12,000 users.

Dec 11, 2013 11:27 AM

New Constructs' Trainer: Apple worth 45% less than stock price

Saying that Apple's profits are "on the back side of the mountain," David Trainer of New Constructs on Tuesday told viewers of MoneyLife with Chuck Jaffe that the company's shares are worth just $240, more than 40 percent below where they closed trading yesterday. Trainer's method of valuing stocks relies on deep dives into its financials and he said Apple is looking a lot like Dell in its heyday.

Trainer said that if the company can maintain a 75% return on invested capital, “the stock’s worth about 295 bucks. If the return on invested capital drops closer to 50, the stock’s worth closer to 240 bucks, and I think that’s where it ought to be, or where it’s going to go eventually.”

UPDATE: Trainer also talked to CNBC's "Squawk on the Street" Wednesday

May 15, 2013 7:00 AM

New Constructs boss: Stick with the staples

David Trainer, president of local investment ratings firm New Constructs and miner of financial fine print, says ETF investors would be well served in the coming months by putting their money in vehicles that track the consumer staples sector. That part of the market, Trainer says, contains the fewest stocks he considers to be risky and plenty of names that produce a lot of cash for investors.

Apr 1, 2013 1:58 PM

New Constructs: Tech a good bet for second half

Local investment researcher David Trainer at New Constructs says technology stocks are primed for decent gains in the remainder of 2011. But he doesn't see many options for getting into the game via ETFs.

Note: New Constructs is backed by Solidus, which also has invested in Nashville Post parent SouthComm.

Jul 27, 2011 10:07 AM

New Constructs again a Barron's fave

Local equity research shop New Constructs, which specializes in digging through the footnotes of companies' financial statements, scored well in Barron's 2010 stock-picking contest. The Brentwood-based company's choices trailed only Wedbush Securities' and beat the S&P 500 by almost 12 points. (Note: Local investment firm Solidus, a shareholder of Post Business parent SouthComm, also has invested in New Constructs.)
Jan 31, 2011 1:02 PM

New Constructs now rating mutual funds

David Trainer and his team at New Constructs have expanded the scope of their investment research reports to include mutual funds. First up: The vaunted Legg Mason Value Trust. SEE ALSO: New Constructs' recent push into the ETF arena
Dec 3, 2010 1:00 PM

New Constructs tackles the ETF world

Local stock researchers New Constructs has expanded its research offerings beyond individual names. The firm, which is known for painstaking fine-print analysis, now is marketing index and sector snapshots aimed at investors active in the exchange-traded fund space. Of note: Only the consumer staples sector looks attractive at this point from New Constructs' vantage point. Obligatory footnote: One of the investors in New Constructs is local venture capital firm Solidus, which also has invested in SouthComm, the parent of Post Business.
Nov 18, 2010 1:32 PM

Safety in Numbers

A Brentwood research firm wages war on Wall Street for the benefit of the serious investor [From the September/October issue of Nashville Post magazine]
Oct 7, 2010 8:04 AM

Barron's lauds local stock pickers

Nashville-based investment research firm New Constructs has been named the winner in Barron's one-year stock picking contest. New Constructs' proprietary research plumbs the depths of companies' footnotes to break down income statements and balance sheets and recommend attractive and dangerous stocks. Note: New Constructs has received funding from Solidus, an investor in's parent company, SouthComm.
Aug 2, 2010 2:13 PM