Security Analysis on Wall Street – A Comprehensive Guide to Today′s Valuation Methods

A Comprehensive Guide to Today′s Valuation Methods

Paperback Engels 1999 9780471362470
Verwachte levertijd ongeveer 9 werkdagen

Samenvatting

Security Analysis on Wall Street The principles of investing have always been simple: buy low, sell high. The information needed to make these potentially lucrative decisions, however, is often hard to find, difficult to decipher, and not always reliable. This authoritative new book is the essential reference for students who want to learn the rational, rigorous analysis that is still the most successful way to evaluate securities. Security Analysis on Wall Street explains how the values of common stocks are really determined in today′s marketplace and takes a comprehensive look at the entire security evaluation process, as well as the major valuation techniques currently being used by Wall Street professionals. Beginning with an overview of the environment in which stocks are issued, researched, bought, and sold, Hooke examines the roles of the various players, the rules of the markets, and the activities surrounding initial public offerings. He then probes the intricacies of analyzing and reporting on securities with proven methods for evaluating the merits of a stock. This sophisticated yet straightforward system teaches students how to assess profitable firms; understand marginal performers, leveraged buyouts, and corporate takeovers; and–most importantly–to break down different analyses and get the big answers: Is the security fairly valued, and why or why not? "A welcome successor to Graham and Dodd′s Security Analysis." –Barron′s

Specificaties

ISBN13:9780471362470
Taal:Engels
Bindwijze:paperback
Aantal pagina's:512

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Inhoudsopgave

Introduction
<br />
<br /> Part I The Investing Environment
<br />
<br /> 1 Why Analyze a Security?
<br />
<br /> 2 Who Is Practicing Security Analysis?
<br />
<br /> 3 Seeking a Level Playing Field
<br />
<br /> 4 Other Sources of Information
<br />
<br /> Part II Performing the Analysis and Writing the Research Report
<br />
<br /> 5 Starting the Analysis
<br />
<br /> 6 Industry Analysis
<br />
<br /> 7 Company–Specific Analysis
<br />
<br /> 8 Financial Statement Analysis of an Established Business
<br />
<br /> 9 The Limitations of Accounting Data
<br />
<br /> 10 Financial Analysis and Stock Characterization
<br />
<br /> 11 Financial Projection Pointers
<br />
<br /> Part III Valuation and the Investment Decision
<br />
<br /> 12 Modern Approaches to Valuation
<br />
<br /> 13 The Relative Value Approach
<br />
<br /> 14 Valuing Marginal Performers
<br />
<br /> 15 The Mergers and Acquisitions Market, Leveraged Buyouts, and Takeovers
<br />
<br /> 16 Breakup Analysis
<br />
<br /> 17 Recommended Investment Decision
<br />
<br /> Part IV Special Cases
<br />
<br /> 18 Cash Flow Stocks
<br />
<br /> 19 Natural Resource Stocks
<br />
<br /> 20 Financial Industry Stocks
<br />
<br /> 21 Insurance Companies
<br />
<br /> 22 Highly Speculative Stocks
<br />
<br /> 23 Distressed Securities and Turnarounds
<br />
<br /> 24 International Stocks
<br />
<br /> 25 Emerging Markets: The Final Frontier
<br />
<br /> Part V Summary
<br />
<br /> 26 Closing Thoughts on Security Analysis
<br />
<br /> Index

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        Security Analysis on Wall Street – A Comprehensive Guide to Today′s Valuation Methods