The Contrarian Research Report, authored by Murray Stahl, employs a value-oriented, event-driven investment strategy that seeks to capitalize on the most inefficient and attractive investment opportunities in the small cap equity arena. Murray uses a time-intensive, investigative style of research to uncover behind the scenes, proprietary information about each company. Investment recommendations focus on companies with significant barriers to entry that have the ability to generate a high and sustainable return on invested capital. While the vast majority of such companies trade at or near fair value, opportunities present themselves when transitory events temporarily depress share prices. These situations are the primary focus of the research process.

The Spin-Off Report, authored by Murray Stahl, Steve Ferazani and Michael Wolleben, monitors the progress of all U.S. spin-offs from announcement date through when-issued trading, and continues coverage through the first quarter of trading. The service provides comprehensive research reports with fair value estimates on both subsidiaries and parent companies prior to divestiture. The Spin-Off Radar Screen, published monthly, provides an overview of companies believes to be potential spin-off candidates. In addition, clients receive the Bits & Pieces report; a monthly supplement to the service that identifies mispriced stub securities, tracking stocks and other arbitrage opportunities. The Spin-Off Report Compendium provides Murray Stahl with an effective forum to discuss the market environment for spin-offs, as well as investment ideas outside the traditional spin-off space, such as carve-outs and tracking stocks. Murray will also discuss spin-offs that have fallen out of favor with investors.

Authored by the Institutional Research Group, The Bankruptcy Calendar monitors the progress of all U.S. listed companies with over $250 million in assets expected to emerge from bankruptcy. The Bankruptcy Calendar routinely publishes full reports on companies that are poised for a near-term exit from bankruptcy, as well as recently emerged companies that present investors with compelling return potential. Upon request the authors will produce bespoke work for clients requesting analysis of individual companies.

Since 1973, Muzea Insider Consulting Services has specialized in the analysis of corporate insider activity to determine each insider's skill in open market buying and selling. Individual rankings are assigned to insiders based upon their predictive ability, which are incorporated into the generation of company-specific buy and sell signals. Custom portfolio monitoring is provided to track insider activity and alert clients to any unusual or significant insider patterns. A team of insider analysts review every Form 4 on a daily basis to ensure timely analysis of insider activity trends on a company, industry and sector level. This information is communicated through emailed reports, a comprehensive website, and routine conference calls with clients.

The Devil’s Advocate Report produces short-sale recommendations on highly visible, large capitalization stocks. The author, Murray Stahl, believes that we've entered a period in which disruptive technologies will cause a severe shortening of product lifecycles, resulting in compressed margins and dramatic declines in growth rates. After several years of multiple expansion, many companies trade at valuations resembling the logical absurdities that were so prevalent ten years ago - valuations that don't reflect the onset of a painful transitional period. Wall Street's earnings estimates for many of these companies are far too optimistic and don't properly reflect these risks. As the inability of these companies to meet these aggressive forecasts becomes apparent, many stocks will experience large adverse reactions. The Devil's Advocate Report focuses on the identification of these companies.