#8-k

Coinbase, Marathon Digital and Riot Blockchain are among the SEC-registered cryptocurrency firms that would need to comply with the rules.

Periodically at Calcbench, we take a look at the time between earnings announcements dates and the subsequent 10-K, or 10-Q. It was something that we originally did back in 2016.

We followed that up with another post in 2018.

So we took another shot today and looked at the most recent 10-Q filing period for 405 firms in the S&P500. Here’s a table of results. As you can see, 62.5% of firms in our sample, filed both documents within a day of each other, with over 40% filing in the SAME day!

Unlike in 2016 when we started tracking this data, today, we actually collect 8-K data and have clients using it. So if you want to learn more, drop us an email or use the chat function on calcbench.

Let us know if you want more.

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Days Btw Releases Firms % of Total Cumulative %-age 0 168 41.5% 41.5% 1 85 21.0% 62.5% 2 23 5.7% 68.1% 3 14 3.5% 71.6% 4 10 2.5% 74.1% 5 12 3.0% 77.0% 6 7 1.7% 78.8% 7 11 2.7% 81.5% 8 15 3.7% 85.2% 9 8 2.0% 87.2% >= 10 52 12.8% 100.0%

Many of our readers have also expressed the desire to see the list of the companies who publish both on the same day. Here they are:

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General Electric ($GE) may be trying to sell its capital aviation services business (GECAS). On Jan. 21, the Wall Street Journal reported that Air Lease Corp. wasn’t interested in buying GECAS. The next day, Barron’s wrote about value of GECAS.

GE has several operating segments: Power, Renewable Energy, Oil & Gas, Aviation, Healthcare, Transportation, Lighting, and Capital. Their performance is reported in the segment footnotes in GE’s 10-Ks and 10-Qs. GECAS, however, is part of GE’s Capital segments — so it performance was not separately reported in those disclosures.

Nevertheless, GE does report information about GECAS. You just need to know where to look.

The information can be found in different places. GE has been reporting GECAS’s performance in “sub-segment” information included in 8-K earning releases, or in the Management Discussion & Analysis (MD&A) section of its filings. More information about GECAS can be found in Supplemental Information About “The Credit Quality of Financing Receivables and Allowance For Losses, as GE reports GECAS’s receivables”.

So, how to make sense out of it? Calcbench can help.

In 2014 and 2015, GECAS was reported in a format that gave the information to you — and Calcbench maintains the ability to get it. You can download information directly, or do a search within our tools. Here is what you will get:

But in 2016, that reporting scheme changed. GE disclosed GECAS in a new format (which Calcbench also has).

And in 2017, GE reporting in a third way:

As you see, the firm now reports the revenues from GECAS as a sub-segment of GE Capital revenues. All you now need to do is to get a time series of GE Capital revenues to start the valuation process. That can be done in Calcbench by accessing the segment disclosure and asking for a time series. (See picture below.)

Now it’s possible to assemble enough information to piece together a valuation framework for GECAS based on historical revenues and some profit levels. *Note that in third-quarter 2017, GECAS stopped explicitly disclosing net income.

It just goes to show that while companies might change up their reporting, often times you can find the insights you want, by pulling together pieces of data sprinkled across multiple disclosures. Calcbench lets you do that.

Analyst Activity – Maxim Group Lowers Its Price Target On COPsync (NASDAQ:COYN) to $1.75

Analyst Ratings For COPsync (NASDAQ:COYN) Today, Maxim Group lowered its price target on COPsync (NASDAQ:COYN) to $1.75 per share. There are 2 buy ratings on the stock. The current consensus rating on COPsync (NASDAQ:COYN) is Buy (Score: 3.00) with a consensus target price of $1.75 per share, a potential 163.44% upside. Some recent analyst ratings include 10/26/2016-Sidoti initiated coverage with…

Impax Laboratories, Inc. (NASDAQ:IPXL) Files An 8-K Regulation FD Disclosure

Impax Laboratories, Inc. (NASDAQ:IPXL) Files An 8-K Regulation FD Disclosure Item 7.01 Regulation FD Disclosure. On January 11, 2017, Impax Laboratories, Inc. (the Company) is scheduled to present at the 35th Annual J.P. Morgan Healthcare Conference. A copy of the materials that the Company will present at the conference is attached hereto as Exhibit 99.1 and incorporated herein by reference.…

The Spectranetics Corporation (NASDAQ:SPNC) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

The Spectranetics Corporation (NASDAQ:SPNC) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers ITEM 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On January 11, 2017, The Spectranetics…

The Spectranetics Corporation (NASDAQ:SPNC) Files An 8-K Regulation FD Disclosure

The Spectranetics Corporation (NASDAQ:SPNC) Files An 8-K Regulation FD Disclosure ITEM 7.01. Regulation FD Disclosure. A management presentation dated January 11, 2017, that The Spectranetics Corporation, a Delaware corporation (the Company), plans to use in various meetings with institutional investors and analysts is furnished as Exhibit 99.1 of this report. The information under Item 7.01 and…

Analyst Activity – Wells Fargo & Company Initiates Coverage On CA (NYSE:CA) With a Underperform

Analyst Ratings For CA (NYSE:CA) Today, Wells Fargo & Company initiated coverage on CA (NYSE:CA) with a Underperform. There are 1 sell rating, 6 hold ratings, 3 buy ratings on the stock. The current consensus rating on CA (NYSE:CA) is Hold (Score: 2.20) with a consensus target price of $33.38 per share, a potential 1.11% upside. Some recent analyst ratings include 1/11/2017-Wells Fargo & Company…