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 : Applied Equity Analysis: Stock Valuation Techniques for Wall Street Professionals

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Binding: Hardcover
Dewey Decimal Number: 658.15
EAN: 9780071360517
Edition: 1
ISBN: 0071360514
Label: McGraw-Hill
Manufacturer: McGraw-Hill
Number Of Items: 1
Number Of Pages: 422
Publication Date: May 14, 2001
Publisher: McGraw-Hill
Studio: McGraw-Hill




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Editorial Review:

Product Description:
Applied Equity Analysis treats stock valuation as a practical, hands-on tool rather than a vague, theoretical exercise--and covers the entire valuation process from financial statement analysis through the final investment recommendation. Its integrated approach to valuation builds viable connections between a firm's competitive situation and the ultimate behavior of its common stock. Techniques explained include EVA, newer hybrid valuation techniques, and relative multiple analysis.



Customer Reviews
Average Rating:  out of 5 stars

Rating: 2 out of 5 stars - Very little value
I found this book hand wavy and badly written. I learned almost nothing from it. The writing is very vague and confusing.

The following stock valuation books are far better:
1. "Stock Valuation" by Scott Hoover.
2. "Fire Your Stock Analyst: Analyzing Stocks On Your Own" by Harry Domash.





Rating: 4 out of 5 stars - great book for those in finance
This book is great if you're in the field of finance. This is not for the average consumer looking for investment advice. I've been in corporate financial planning and analyis for the past five years and always wondered how equity analysts built their models. This books will give you insight into their thinking and also give enough detail to build your own models. I would have rated it five stars if the book included a CD with his examples in Excel. The author does have website where you can ... Read More



Rating: 2 out of 5 stars - for SELL-SIDE analysts only
I bought this book based on the strong reviews as a complement to Damodaran's classic on valuation, but felt disappointed.

To qualify my comments: First, I am not a sell-side analyst, and secondly, I haven't finished the book. After about 50 pages, I threw in the towel.

My first stylistic objection to the book is its low content density. There is tremendous repetition and examples are trotted out in excruciating detail, even where the conclusions are fairly obvious. For example, ... Read More



Rating: 5 out of 5 stars - One of the Best
There are reams and reams of investment valuation books on the market -- that is obvious.

In my opinion, the three no one should be without are Applied Equity Analysis, Stephen Penman's monster tome "financial statements and...", and lastly, Aswath Damadoran's book, "investment valuation."

Most hyperventilating MBAs default to Damadoran; I really enjoy the simplicity behind Applied Equity Analysis.

Caution: Neither of the 3 are what you'd call "light reading."
... Read More



Rating: 5 out of 5 stars - Probably the best
I've been looking for a practical step by step book on equity analysis from a practitioners viewpoint. This is it. Other books try to take shortcuts. This book does not take short-cuts, but neither is it bogged down with unncessary academic exercises. If you really want to understand how to do valuation and applied equity analysis I can't recommend any book more highly. It is head and shoulders above anything else out there. Penman's book (from Columbia Business School) is also good but it is a VERY serious ... Read More







 






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