Security Analysis on Wall Street
A Comprehensive Guide to Today's Valuation Methods
1st Edition
Published on 6. April 1998
Book
Hardback
XIV, 434 pages
978-0-471-17741-8 (ISBN)
Description
A dynamic real-world approach to security analysis.
For more than 65 years, Graham and Dodd's Security Analysis has been the number-one guide on the subject. Offering an up-to-the-minute, real-world view of security analysis as it is currently practiced, this book picks up where Graham and Dodd leave off. Jeffrey Hooke describes the four major valuation techniques now in use, emphasizing the differences between academic abstraction and the nitty-gritty of actual securities trading. He also provides detailed coverage of special situations such as distressed securities, unusual industries, and foreign securities.
Jeffrey C. Hooke (Potomac, Maryland) is a corporate financial consultant. Formerly an investment executive for the International Finance Corporation, he also spent ten years with Lehman Brothers and Schroder Wertheim. He is an adjunct professor at the University of Maryland School of Business.
Reviews / Votes
"Mr. Hooke does an admirable job of stripping away the wrapping paper to reveal the fundamentals of analyzing companies and their stocks and bonds that are traded in the public marketplace."--Samuel L. Hayes III, Jacob H. Schiff Professor of Investment Banking, Harvard University Graduate School of Business Administration"Jeffrey Hooke has provided a comprehensive and readable explanation of the issues involved in determining company valuations. This book should become required reading for analysts and investment managers."--Steven W. Golann, Director, Mercury Asset Management International Ltd."One of the toughest issues facing an investment professional is valuation. Jeff Hooke in his book Security Analysis on Wall Street deals with this issue in a comprehensive manner by providing not only a framework to evaluate the dynamics that determine value, but also tools that can be put to practical use. I consider this book a serious contribution to the art of valuation."--George Konomos, Investment Manager Cambridge Capital Fund, L.P.More details
Series
Edition
1., Auflage
Language
English
Place of publication
New York
United States
Publishing group
John Wiley and Sons Ltd
Target group
Professional and scholarly
Dimensions
Height: 26 cm
Width: 18.5 cm
Thickness: 40 mm
Weight
992 gr
ISBN-13
978-0-471-17741-8 (9780471177418)
Schweitzer Classification
Other editions
New editions
Jeffrey C. Hooke
Security Analysis and Business Valuation on Wall Street + Companion Web Site
A Comprehensive Guide to Today's Valuation Methods
Book
05/2010
2nd Edition
Wiley
€98.00
Shipment within 10-20 days
Additional editions
Jeffrey C. Hooke
Security Analysis on Wall Street
A Comprehensive Guide to Today's Valuation Methods (University Edition)
Book
10/1999
1st Edition
Wiley
€202.50
Shipment within 10-20 days
Person
JEFFREY C. HOOKE is a corporate financial consultant based in Chevy Chase, Maryland. He has broad experience in the evaluation of securities in the United States, Europe, and in emerging markets. He has been an investment executive covering emerging markets for the International Finance Corporation, the private sector arm of the World Bank, and he spent ten years in New York as an investment banker with Lehman Brothers and Schroder Wertheim. He is an adjunct professor at the University of Maryland School of Business, where he teaches security analysis. He is the author of M&A: A Practical Guide to Doing the Deal, published by Wiley.
Content
THE INVESTING ENVIRONMENT.
Why Analyze a Security?
Who is Practicing Security Analysis?
Seeking a Level Playing Field.
Other Sources of Information.
PERFORMING THE ANALYSIS AND WRITING THE RESEARCH REPORT.
Starting the Analysis.
Industry Analysis.
Company-Specific Analysis.
Financial Statement Analysis of an Established Business.
The Limitations of Accounting Data.
Financial Analysis and Stock Characterization.
Financial Projection Pointers.
VALUATION AND THE INVESTMENT DECISION.
Modern Approaches to Valuation.
The Relative Value Approach.
Valuing Marginal Performers.
The Mergers and Acquisitions Market, Leveraged Buyouts, and Takeovers.
Breakup Analysis.
Recommended Investment Decision.
SPECIAL CASES.
Cash Flow Stocks.
Natural Resource Stocks.
Financial Industry Stocks.
Insurance Companies.
Highly Speculative Stocks.
Distressed Securities and Turnarounds.
International Stocks.
Emerging Markets: The Final Frontier.
SUMMARY.
Closing Thoughts on Security Analysis.
Index.