Streetsmart Guide To Valuing A Stock: The Savvy Investors Key To Beating The Market

E-Book Overview

If you do not know how to value a stock, how do you know if you are getting a good deal? You don't. Valuations are important and this book teaches readers how to estimate the intrinsic value of a company and its stock. I like how the author makes the point that investors must first like the company and that valuation is secondary. Valuations only help investors with determining if the stock is overvalued or undervalued. Analysts also publish their opinions of intrinsic values. The author makes readers aware that valuation results depend on certain assumptions. Investors equipped with the skills of valuing companies will be able to make valuation determinations without relying on analysts who are biased and do not necessarily act in the best interest of individual investors. I highly recommend this book to investors. - Mariusz Skonieczny, author of Why Are We So Clueless about the Stock Market? Learn how to invest your money, how to pick stocks, and how to make money in the stock market

E-Book Content

Streetsmart Guide to Valuing a Stock Other Books in the Streetsmart Series Streetsmart Guide to Managing Your Portfolio Streetsmart Guide to Short Selling Streetsmart Guide to Timing the Stock Market Streetsmart Guide to Valuing a Stock The Savvy Investor’s Key to Beating the Market Second Edition Gary Gray, Patrick J. Cusatis, and J. Randall Woolridge McGraw-Hill New York Chicago San Francisco Lisbon London Madrid Mexico City Milan New Delhi San Juan Seoul Singapore Sydney Toronto Copyright © 2004 by The McGraw-HIll Companies, Inc. All rights reserved. Manufactured in the United States of America. Except as permitted under the United States Copyright Act of 1976, no part of this publication may be reproduced or distributed in any form or by any means, or stored in a database or retrieval system, without the prior written permission of the publisher. 0-07-143623-5 The material in this eBook also appears in the print version of this title: 0-07-141666-8. All trademarks are trademarks of their respective owners. Rather than put a trademark symbol after every occurrence of a trademarked name, we use names in an editorial fashion only, and to the benefit of the trademark owner, with no intention of infringement of the trademark. Where such designations appear in this book, they have been printed with initial caps. McGraw-Hill eBooks are available at special quantity discounts to use as premiums and sales promotions, or for use in corporate training programs. For more information, please contact George Hoare, Special Sales, at [email protected] or (212) 904-4069. TERMS OF USE This is a copyrighted work and The McGraw-Hill Companies, Inc. (“McGraw-Hill”) and its licensors reserve all rights in and to the work. Use of this work is subject to these terms. Except as permitted under the Copyright Act of 1976 and the right to store and retrieve one copy of the work, you may not decompile, disassemble, reverse engineer, reproduce, modify, create derivative works based upon, transmit, distribute, disseminate, sell, publish or sublicense the work or any part of it without McGraw-Hill’s prior consent. You may use the work for your own noncommercial and personal use; any other use of the work is strictly prohibited. Your right to use the work may be terminated if you fail to comply with these terms. THE WORK IS PROVIDED “AS IS”. McGRAW-HILL AND ITS LICENSORS MAKE NO GUARANTEES OR WARRANTIES AS TO THE ACCURACY, ADEQUACY OR COMPLETENESS OF OR RESULTS TO BE OBTAINED FROM USING THE WORK, INCLUDING ANY INFORMATION THAT CAN BE ACCESSED THROUGH THE WORK VIA HYPERLINK OR OTHERWISE, AND EXPRESSLY DISCLAIM ANY WARRANTY, EXPRESS OR
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