The S-1 database in Econ Assist has ten years of filings with over 85,000 records. The database is based on S1 SEC filing used by companies planning on going public to register their securities with the U.S. Securities and Exchange Commission (SEC). The reason that these filings are valuable for valuators is that they are based on a significant amount of research and can include topics such as risk factors, trends, and industry specific discussions. The disclosures can potentially provide information that is pertinent to a valuation that is related to both industry segments and location. There are two ways to search the database, the first is by SIC code, or industry type. This provides the industry specific perspective and reviewing S1 filing can shed light on industry trends, forecasts, risk, etc. the second way to search the database is by location, which provide a geographic perspective. Since there are only a few sections in an S1 that provide relevant information, they are very quick to skim.
The main S-1 screen allows you to select a SIC code or SIC Description. The detailed search tab allows you to search for SIC, SIC description, filing date, location and form type.
After searching for SIC 5812 (restaurants), you will see the following 518 records displayed:
If you entered filing dates from 1/1/15 to 12/31/15, the records found would be reduced to 28. To view a record, select the “view” link, which will take you to the SEC/EDGAR page with that record. Select the last link on the page “Complete submission text file” and the filing will open.
You can now scroll through the document, review the table of contents and then review any relevant sections.
