Cheap Capital IQ Subsitute

[cameronfen]

I just want to bring up a really cool program that I found over on the investing sidekick blog.  He basically created a excel program that downloads 20 years of financial data of all sorts (BS, IS, CF, stock price, dividends, as well as metrics like margins and returns on equity etc), both quarterly and annually, for I think over 7000 tickers.  It also has DCFs and Dividend Discount Models as well as Comp Analysis.  Now it's not as good as Cap IQ, no screener and no foreign data, but it has saved me a good deal of time looking up data and writing it into excel.  Right now it costs $25 a month, or $20 if you buy in 6 months increments (Let me know what you think about the price.  A lot of people I've talked to including myself think it is good, though occasionally someone likes the program but can't afford it.  If a lot of people are clamoring for a cheaper price I can talk to Andy and perhaps he can change it).  However I have been in contact with Andy who runs the sidekick blog, because I really like the product and I told him that he really has to offer a couple weeks free or something to allow people to try out the product so he gave me a code: LAUNCH-10 for people to enter to get a free month (you enter the code when you buy the program).  I've attached the spreadsheet without any functionality (ie retrieving data) on Oracle, just to show you what the program contains.  Here is the website: https://investingsidekick.com

IS-Excel-vSample.xls

[Jurgis]

http://www.cornerofberkshireandfairfax.ca/forum/general-discussion/looking-for-some-input/ 

[cameronfen]

http://www.cornerofberkshireandfairfax.ca/forum/general-discussion/looking-for-some-input/ 

 

Ya its the same thing.  I didn't know Andy was SpecOps.  Learn something new everyday.  Thanks Jurgis

[DavidVY]

Or you can go to your local public library. They usually have an online portal that allows you to access various business resources (even sometimes from home).

 

I get free access to CapitalIQ, Morningstar, Mergent Intellect and Gale from my library card. Unfortunately I dont have free online access to ValueLine, but I did go to central library and make paper copies of the things I wanted...

[cameronfen]

Or you can go to your local public library. They usually have an online portal that allows you to access various business resources (even sometimes from home).

 

I get free access to CapitalIQ, Morningstar, Mergent Intellect and Gale from my library card. Unfortunately I dont have free online access to ValueLine, but I did go to central library and make paper copies of the things I wanted...

 

Yeah I'll try my library again.  I think I looked once and the libraries nearby did not have as much info as your libraries had.  I think it is a question of degrees though.  All I need CapIQ for is to download data.  It takes me about the same amount of time or longer if I went to the library and got the data, than manually copying them down from 10-Ks and 10-Qs.

 

So I guess the real question is is it worth $10 or $20 or $25 a month to have a computer scrape data for you as opposed to spending like 30 mins or an hour every week doing it yourself? 

 

Portal would save a huge amount of time.  I'll go ask my library if they had that (although I'd be really surprised if Capital IQ would allow them to do that.  They get pissy when I try to access capIQ professional accounts that my friends let me use). 

 

edit: My library has access to mergent through a portal.  Very happy right now.