The liquidation value research platform for value investors.

I've been doing asset-based liquidation analysis the way Graham intended for years — not just as an investor but professionally, as a Certified Treasury Professional and FP&A practitioner who spent years responsible for the balance sheet from the inside.

The math isn't complicated. Keeping up with it across dozens of companies is.

XBRL tags drift between filings. The same company uses different tags from one quarter to the next. Build a spreadsheet around one tag and it breaks six months later. Multiply that across a real portfolio and it becomes a full time job just maintaining the data layer.

And that's before you get to the assumptions. What discount do you apply to receivables for a company with aggressive revenue recognition? What's inventory worth for a manufacturer with custom parts versus one selling commodity goods? I had my own answers — informed by years of corporate finance work — but no good way to save them, apply them consistently, or compare them to what other serious investors were doing with the same numbers.

So I built MFFAIS to solve all of it. Clean balance sheet data pulled directly from SEC EDGAR filings — no estimates, no earnings spin, just what the company actually reported. But raw data is just the starting point. GAAP requires companies to report certain line items a certain way — that doesn't mean you have to accept those groupings in your analysis. Include or exclude any individual component from your calculation. Apply your own discount factors to what remains. Save those decisions and apply them per company, per industry, or per filing. And see what other serious investors are including, excluding, and discounting — and more importantly, why.

Anyone can use it free. Serious researchers who want to save their work, build a portfolio, and tap into the collaboration become members for $29.99 a month.

If you've ever tried to track Graham-style liquidation value seriously across a real portfolio, you know the problem. This is the platform I wish had existed.