Security Analysis and Business Valuation on Wall Street + Companion Web Site: A Comprehensive Guide to Today's Valuation Methods (Google eBook)

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John Wiley & Sons, Apr 7, 2010 - Business & Economics - 480 pages
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An insider's look at security analysis and business valuation, as practiced by Wall Street, Corporate America, and international businesses

Two major market crashes, numerous financial and accounting scandals, growth in private equity and hedge funds, Sarbanes Oxley and related regulations, and international developments changed security analysis and business valuation substantially over the last fourteen years. These events necessitated a second edition of this modern classic, praised earlier by Barron's as a "welcome successor to Graham and Dodd" and used in the global CFA exam.

This authoritative book shows the rational, rigorous analysis is still the most successful way to evaluate securities. It picks up where Graham and Dodd's bestselling Security Analysis - for decades considered the definitive word on the subject - leaves off. Providing a practical viewpoint, Security Analysis on Wall Street shows how the values of common stock are really determined in today's marketplace. Incorporating dozens of real-world examples, and spotlighting many special analysis cases - including cash flow stocks, unusual industries and distressed securities - this comprehensive resources delivers all the answers to your questions about security analysis and corporate valuation on Wall Street.

The Second Edition of Security Analysis on Wall Street examines how mutual funds, private equity funds, hedge funds, institutional money managers, investment banks, business appraisers, and corporate acquirers perform their craft of security analysis and business valuation in today's highly charged environment. Completely updated to reflect the latest methodologies, this reliable resource represents the most comprehensive book written by someone who has actually worked as an investment banker, private equity executive, and international institutional investor.

  • Shows the methodical process that practitioners use to value common stocks and operating companies and to make buy/sell decisions
  • Discusses the impact of the two stock market crashes, the accounting and financial scandals, and the new regulations on the evaluation process
  • Covers how Internet and computing power automate portions of the research and analytical effort
  • Includes new case study examples representative of valuation issues faced daily by mutual funds, private equity funds, hedge funds, institutional investors, investment banks, business appraisers, and corporate acquirers
  • Is a perfect tool for professors wishing to show their MBA students the essential tools of equity and business valuation


Security analysis and business valuation are core financial disciplines for Wall Streeters, corporate acquirers, and international investors. The Second Edition of Security Analysis on Wall Street is an important book for anyone who needs a solid grounding in these critical finance topics.

  

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Contents

Why Analyze a Security?
3
CHAPTER 2
17
Seeking a Level Playing Field
29
CHAPTER 4
51
PART
59
CHAPTER 0
73
CHAPTER 7
99
CHAPTER 8
119
CHAPTER 17
233
CHAPTER 18
243
CHAPTER 19
253
PART FOUR
267
CHAPTER 21
279
Financial Industry Stocks
293
CHAPTER 23
309
CHAPTER 24
321

CHAPTER 9
139
CHAPTER ID
165
CHAPTER 11
181
ViH CONTENTS
189
Valuation Methodologies
195
CHAPTER 14
209
CHAPTER 15
217
Marginal Performers
225
CHAPTER 25
331
CHAPTER 29
343
CHAPTER 27
351
PART FIVE
367
CHAPTER 29
379
About the Author
385
Copyright

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About the author (2010)

JEFFREY C. HOOKE is a Managing Director at Hooke Associates, LLC, a valuation firm, and FOCUS, LLC, an investment bank. He was formerly director of Emerging Markets Partnership (a $4 billion fund focusing on emerging markets), principal investment officer of the World Bank Group, and an investment banker with Lehman Brothers and Schroder Wertheim. Hooke is also the author of M&A: A Practical Guide to Doing the Deal and Emerging Markets: A Practical Guide for Corporations, Lenders, and Investors, both from Wiley.

Visit www.wiley.com/go/hooke

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