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`The Best Investment Information Sources
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`The Best Investment Information Sources
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`Using SEC Filings, Analyst Reports, and Company Websites
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`BY JUSTIN KUEPPER | Updated January 13, 2021
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`If you're interested in international investing, choosing investments registered with the Securities
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`and Exchange Commission (SEC) is the safest choice. The SEC regulates foreign stocks and
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`other assets traded on the exchanges, and foreign companies mustfile reports with them.
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`When foreign companies register with the SEC, you're able to use the financial reports theyfile
`as sourcesof information alongside reputable analyst reports and data from company websites
`to help you determine whether an international investmentis right for your portfolio.
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`https://www.thebalance.com/top-best-sources-of-investor-information-1979207
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`CELLTRION- EXHIBIT 1079
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`CELLTRION - EXHIBIT 1079
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`The Best Investment Information Sources
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`SEC Filings
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`The U.S. Securities and Exchange Commission requires all publicly traded U.S. and foreign
`companiesto report financial information from their annual reports to the SEC. Foreign
`companiestradedin the U.S. are also required to make yearly filings containing the same
`informationif listed on U.S. exchanges.
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`The SEC makesforeign and domestic company filings available through their EDGAR
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`database, making it a quick and easy wayto find financial information. Some specialty services
`like SECFilings.com or Edgar Online offer customizable alerts and other features.
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`There are several reports filed with the SEC. The most common are:
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`10-K (Annual Report): Annual reports provide investors with a detailed overview of a
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`company's fiscal year, including financial statements and a discussion of the results by
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`managementin plain English terms.
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`https://www.thebalance.com/top-best-sources-of-investor-information-1979207
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`10-Q (Quarterly Report): Quarterly reports provide a slightly less comprehensive
`overview of a company's quarter and includefinancial statements from the period and
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`some managementdiscussion.
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`8-K (Current Event): Current event reports cover any material events that affect the
`company, ranging from fundamental press releases to new partnerships.
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`Form 3, 4, and 5 (Insider Trading): Insider trading reports provide investors with
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`notifications whenever companyinsiders purchaseor sell shares, which can be an
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`essential indicator when done outside of stock plans.
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`Schedule 13D and 13G (Institutional Investment): Institutional investment reports
`provide investors with notifications when an entity (such as a hedge fund or mutual fund)
`acquires a significant stake.
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`Many foreign companies trade on U.S. exchanges as American Depository Receipts (ADRs).
`ADRsarereceipts that reflect the price of a company's stock in their home country.
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`Someforeign companiesfile SEC reports, and othersfile foreign issuer reports that can be
`much moredifficult to access and parse for useful information. Other foreign businessestrading
`on non-U.S. exchangesoften file only with their own country's regulatory body. Unfortunately,
`thesefilings may appear in foreign languages and can be much morechallenging to analyze
`than SECfilings.
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`https://www.thebalance.com/top-best-sources-of-investor-information-1979207
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`Two commonforeign SEC filings include:
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`20-F (Annual Report): These annualreports follow generally accepted accounting
`principles (GAAP), which standardize the reports and help investors understand and
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`compare companies.
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`6-K (Quarterly/Current): These are the foreign version of 8-K reports, including 10-Q-
`type information for most ADRs.
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`Corporate Website
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`Corporate websites can contain a wealth of information about a company,from financial
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`statements and annual investor reports to news and press releases. Companiesalso publish
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`financial presentations and investor contact information. It's usually much easier to find financial
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`data on company websites than at government agencies.
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`International investors looking for information benefit from these types of reports, as much of the
`time they cover information for shareholders not covered in SEC filings.
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`Financial Statements
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`Financial statements generally include a summary of a company's assets, liabilities, and equity,
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`called a balance sheet. The income statement summarizes revenues and expenses, and a
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`statement of cash flowstells you how well a companyis using its cash to pay for operations,
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`debts, and investments.
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`These statements might be nameddifferently in various countries, but they cover the same
`information in general.
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`The International Finance Reporting Standards Foundation (IFRS) and the
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`International Accounting Standards Board (IASB) provide investor information that
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`can help you determine which countries follow reporting standards and work to
`standardize financial statements globally.
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`CompanyPresentations
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`Company presentations can provide an excellent overview of past performance and projections
`for the coming quarters or year. Many companies upload investor informational presentations
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`under an investor relations section on their websites.
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`News/Press Releases
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`https://www.thebalance.com/top-best-sources-of-investor-information-1979207
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`Company newsandpress releases can contain a wealth of information about day-to-day
`operations, financial performance, or upcoming events.
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`Contact Information
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`Investor contacts, such as Investor Relations Officers, are excellent resources for investors
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`looking for data they can't find elsewhere.
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`Analyst Reports
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`Securities analysts can be a great source of information for investors. While sell-side analysts—
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`analysts whose work focuseson selling investments—may be biasedat times, theystill offer
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`some valuable information in a single location. This makes the researcha lot easier, especially
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`for international investors.
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`While good sourcesof information, use analyst reports with caution. They are geared
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`toward institutions and are focused on their purposes, not the goals of individual
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`investors.
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`Buy-side analysts—analysts that work for mutual funds or institutions that purchase investments
`—are an even better source of information since they are typically not as biased, but their
`research usually isn't as widely available.
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`Analyst reports are sometimes found on investor-focused websites such as Morningstar and
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`Yahoo Finance. Stockbrokers also provide information for investors on their websites,
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`newsletters, or other correspondence.
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`https://www.thebalance.com/top-best-sources-of-investor-information-1979207
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