Supplier risk factors: not for the fainthearted

摘要

Annual reports garner rich array of supplier challenges. Automotive supplier industry analysts and observers of a nervous disposition may well be wise to avoid perusal of the latest crop of North American component supplier annual 10K reports, the filing of which with the US Securities and Exchange Commission (SEC) is compulsory for US public companies. Although lacking the gloss and photographic content of the similar annual report publications aimed at public shareholders, these invaluable 10K documents provide a wealth of information and a valuable reference resource for the committed analyst seeking intimate details of such things as executive compensation, legal proceedings, debt structure etc. They also contain a fairly rigorous analysis of a company's business, including the organisation and operating structure, product range, competitor identification etc.