Earnings Surprises, Growth Expectations, and Stock Returns:  Don't Let an Earnings Torpedo Sink Your Portfolio
--Douglas J. Skinner and Richard G. Sloan

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Comprehensive financial and valuation analysis.
Earnings Torpedo Warning, The Value 40 Fund, and Live Investment Strategies, provide an experimental learning opportunity for students studying equity security analysis at the Ross School of Business @ the University of Michigan.  The views and opinions expressed on the site are those of the students maintaining the site and in no way reflect official views or opinions taken by the University of Michigan or the Ross School of Business.  The views expressed are based solely on publicly available information and do not purport to be complete statements of all data relevant to the securities mentioned. These reports are not intended to provide investment advice of any description including but not limited to, recommendations or offers to buy or sell the securities mentioned.  Neither the University of Michigan, the Ross School of Business, nor its faculty, staff or students make any warranties either express or implied as to the accuracy or utility of the information profiled and assume no risk or liability for its use.  The students maintaining the site and parties affiliated with them may, from time to time, hold a position in, and buy and sell the securities or derivatives thereof, of companies mentioned herein.
In other words, if you think you lost money based on something you read here, don't come crying to us.