April 11, 2008, Newsletter Issue #91: What's the Best Use of Your Time?

Tip of the Week

So if searching the EDGAR database for public financial information on United States companies is so easy, do you still need to pay a company like Dun & Bradstreet for business profiles and financial information? Quick answer: Yes. Remember that 98 percent of businesses are not public and therefore do not have detailed information available in EDGAR. Even if you concentrate strictly on public United States companies, it takes some work -- and some accounting knowledge -- to access and understand the information available on the public forms. It's a lot easier to subscribe to a business information service that has all the profiles and reports you need at a glance. Of course, these services cost money and EDGAR is free.

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