Description
Book SynopsisAny purchase or sale of a stock should be based on a rational analysis of investment values. This text provides the framework needed for any analysis using up-to-date methods. It is aimed at the college market, and includes questions and answers in each chapter.
Table of ContentsIntroduction
Part I The Investing Environment
1 Why Analyze a Security?
2 Who Is Practicing Security Analysis?
3 Seeking a Level Playing Field
4 Other Sources of Information
Part II Performing the Analysis and Writing the Research Report
5 Starting the Analysis
6 Industry Analysis
7 Company-Specific Analysis
8 Financial Statement Analysis of an Established Business
9 The Limitations of Accounting Data
10 Financial Analysis and Stock Characterization
11 Financial Projection Pointers
Part III Valuation and the Investment Decision
12 Modern Approaches to Valuation
13 The Relative Value Approach
14 Valuing Marginal Performers
15 The Mergers and Acquisitions Market, Leveraged Buyouts, and Takeovers
16 Breakup Analysis
17 Recommended Investment Decision
Part IV Special Cases
18 Cash Flow Stocks
19 Natural Resource Stocks
20 Financial Industry Stocks
21 Insurance Companies
22 Highly Speculative Stocks
23 Distressed Securities and Turnarounds
24 International Stocks
25 Emerging Markets: The Final Frontier
Part V Summary
26 Closing Thoughts on Security Analysis
Index
