What can the financial statement tell you

[Account Closed]

As a CPA and an investor, I'm well aware that reviewing financial statements is important. I'm curious what many of you as investors look at when reviewing these statements.

Besides the fact that there may be issues with the statements, what do you look for?

The financial statements can tell something about the management or lack there of. I look at repairs and maintenance for any indication of possible deferred maintenance. Are their legal fees? Some expenses are discretionary.

There can be a lot of useful information gathered from a financial review. What do you look for?