Fetch XL

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Gary Seinfield

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I know that some of you consider this program cheesy, partly because it's advertised relentlessly on this forum and partly because you have access to Compustat, Factset, Baseline, etc. at work.

My question is this...for someone (me) who's not currently in the industry but who's creating some models and doesn't have access to something like this at work, what's the best way to populate these models in Excel? Am I doomed to the manual approach unless I drop $4K on Fetch XL?

Thanks in advance. Gary.
 
A lot of universities have Bloomberg terminals. Before I started that was where I got my fix.
 
You can download the MSN MoneyCentral Stock Quotes add-in. This will give you stock prices but not fundamental data. It's marginally better than the manual approach if you're using stock prices in your models.
 
Thanks Onegin & darkstar. Any other suggestions? I can't believe there isn't more free stuff like this out there from someone like Yahoo.
 
Financial data is really expensive (look at how much Factset or Bloomberg cost - granted, they are probably the two most expensive systems out there, but it gives you an idea of how much the data can cost). Based on what I've seen, the $4K for FetchXL seems reasonable.

If Yahoo! created an add-in to be used in Excel, you wouldn't have to go to Yahoo! Finance to look at fundamental data there, so you wouldn't see all the advertisements that actually pay for all the info you see - Yahoo! Finance hits would decline, and therefore advertisers wouldn't get as many customers advertising on Yahoo! Finance, and they would either pull their ads or demand a cheaper price and Yahoo!'s revenues would fall. So it's not in Yahoo!'s best interest. (That's a worst-case scenario, of course)

You might want to check out Value Line or Morningstar, as they tend to be oriented more to the individual investor that the institutional level, and might have something like what you're looking for (I haven't checked).
 
Thanks. Morningstar has some good data but also doesn't allow you to download it or use formulas in a spreadsheet.
 
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