A Peek Behind the Numbers

Home
Notes
Archive
About
Central Garden & Pet (CENT)- BTN Red Flag Note
Concerning signs in the company’s first-quarter results
 • 
Behind the Numbers
Update on Allegro Microsystems, Inc. (ALGM)
Accounting-related benefits still helped results in Q3’25
 • 
Behind the Numbers
Small Hurdles, Big Rewards- Cloudflare’s (NET) Q4’24
Non-operational benefits still helping NET’s results
 • 
Behind the Numbers
Dirty Laundry- Cintas (CTAS) vs. UniFirst (UNF)
A comparison of depreciation reveals key differences between the two peers
 • 
Behind the Numbers
BTN Red Flag Note- ResMed (RMD) Update Q2’25
Sometimes it’s what you don’t see that should concern you
 • 
Behind the Numbers
Hidden Liabilities – A Short Selling Safeguard
What’s not on the balance sheet can be scarier than what is
 • 
Behind the Numbers
BTN Red Flag Note- Adient Plc (ADNT)
Investors should factor in potential developing earnings headwinds
 • 
Behind the Numbers

January 2025

BTN Red Flag Note- TD SYNNEX Corp (SNX)
Reserve cuts, disclosure changes, and growing payables dampen the Q4 beat
 • 
Behind the Numbers
Shorting Isn’t Dead...
A few thoughts on shorting
 • 
Behind the Numbers
2
The Over the Hill Gang- Part 2
More companies that benefit from using older equipment
 • 
Behind the Numbers
BTN Red Flag Note- WD-40 Company (WDFC)
We identified almost 15 cps of accounting-related benefits in Q1’25
 • 
Behind the Numbers
BTN Red Flag Note- Acuity Brands (AYI)
16 cps benefit in a quarter that beat by only 7 cps
 • 
Behind the Numbers
© 2025 Behind the Numbers
Privacy ∙ Terms ∙ Collection notice
Start WritingGet the app
Substack is the home for great culture