Security Analysis and Business Valuation on Wall Street, + Companion Web Site: A Comprehensive Guide to Today's Valuation Methods - Hardcover

by Jeffrey C. Hooke (Author)

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.

Front Jacket

Two major market crashes, numerous financial and accounting scandals, growth in private equity and hedge funds, Sarbanes-Oxley and related regulations, and international developments have changed security analysis and business valuation substantially over the past 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 regarded by certified financial analysts (CFAs) as one of the most insightful valuation guides available.

The Second Edition of Security Analysis and Business Valuation 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 economic environment.

Completely updated to reflect the latest methodologies--and featuring a companion Website (www.wiley.com/go/hooke) containing valuation spreadsheets--this reliable resource represents the most comprehensive look at this discipline by someone who has actually worked as an investment banker, a private equity executive, and an international institutional investor.

Filled with in-depth insights and expert advice, this timely guide:

• Shows the methodical process that practitioners use to value common stocks and operating companies and to make buy/sell decisions
• Addresses how the Internet and computing power automate portions of the research and analytical effort
• Includes new case study examples representative of valuation issues faced daily by professionals in this field
• Discusses the impact of the two stock market crashes, the accounting and financial scandals, and new regulations on the evaluation process
• 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 those on Wall Street as well as corporate acquirers, business appraisers, and international investors. The Second Edition of Security Analysis and Business Valuation on Wall Street is an important book for anyone who needs a solid grounding in these critical financial topics.

Back Jacket

Advance praise for Philip Plait's

"Bad Astronomy is just plain good! Philip Plait clears up every misconception on astronomy and space you never knew you suffered from."
--Stephen Maran, Author of Astronomy for Dummies and editor of The Astronomy and Astrophysics Encyclopedia

"Thank the cosmos for the bundle of star stuff named Philip Plait, who is the world's leading consumer advocate for quality science in space and on Earth. This important contribution to science will rest firmly on my reference library shelf, ready for easy access the next time an astrologer calls."
--Dr. Michael Shermer, Publisher of Skeptic magazine, monthly columnist for Scientific American, and author of The Borderlands of Science

"Philip Plait has given us a readable, erudite, informative, useful, and entertaining book. Bad Astronomy is Good Science. Very good science . . ."
--James "The Amazing" Randi, President, James Randi Educational Foundation, and author of An Encyclopedia of Claims, Frauds, and Hoaxes of the Occult and Supernatural

"Bad Astronomy is a fun read. Plait is wonderfully witty and educational as he debunks the myths, legends, and 'conspiracies' that abound in our society.

'The Truth Is Out There'--and it's in this book. I loved it!"
--Mike Mullane, Space Shuttle astronaut and author of Do Your Ears Pop in Space?

Author Biography

PHILIP PLAIT, Ph.D., works in the physics and astronomy department at Sonoma State University in California. He maintains the Web site badastronomy.com and writes monthly articles on astronomy for the German newspaper Die Frankfurter Allgemeine Zeitung. His work has appeared in the Encyclopedia Britannica Yearbook of Science and the Future and Astronomy magazine. He also writes a monthly column for astronomy.com.