Beyond Earnings

Beyond Earnings PDF Author: David A. Holland
Publisher: John Wiley & Sons
ISBN: 1119440483
Category : Business & Economics
Languages : en
Pages : 421

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Book Description
Beyond Earnings is targeted at investors, financial professionals, and students who want to improve their ability to analyze financial statements, forecast cash flows, and ultimately value a company. The authors demonstrate that reported earnings are easily gamed by accounting shenanigans and reveal how commonly used profitability measures such as return on equity can be misleading. Because earnings and P/E ratios are too unreliable for valuation, this book takes you beyond earnings and shows you how to apply the HOLT CFROI and Economic Profit framework in a step-by-step manner. A better measure of profitability results in improved capital allocation decisions and fundamental valuations. This ground-breaking book offers the first practical in-depth discussion of how profitability and growth fade, and shows how to put this information to work right away. The authors introduce their trailblazing Fundamental Pricing Model which includes fade as an adjustable value driver and can be used to value the impact of business model disruption. As the authors explain, the key to superior stock picking is understanding the expectations embedded in a stock’s price and having a clear view of whether the company can beat those expectations. The HOLT framework has been rigorously field tested for over 40 years by global investment professionals to help them make better stock picks and by corporate managers to understand the expectations embedded in their stock price. Beyond Earnings is an indispensable guide for investors who want to improve their odds of outperforming the competition.

Beyond Earnings

Beyond Earnings PDF Author: David A. Holland
Publisher: John Wiley & Sons
ISBN: 1119440483
Category : Business & Economics
Languages : en
Pages : 421

Get Book Here

Book Description
Beyond Earnings is targeted at investors, financial professionals, and students who want to improve their ability to analyze financial statements, forecast cash flows, and ultimately value a company. The authors demonstrate that reported earnings are easily gamed by accounting shenanigans and reveal how commonly used profitability measures such as return on equity can be misleading. Because earnings and P/E ratios are too unreliable for valuation, this book takes you beyond earnings and shows you how to apply the HOLT CFROI and Economic Profit framework in a step-by-step manner. A better measure of profitability results in improved capital allocation decisions and fundamental valuations. This ground-breaking book offers the first practical in-depth discussion of how profitability and growth fade, and shows how to put this information to work right away. The authors introduce their trailblazing Fundamental Pricing Model which includes fade as an adjustable value driver and can be used to value the impact of business model disruption. As the authors explain, the key to superior stock picking is understanding the expectations embedded in a stock’s price and having a clear view of whether the company can beat those expectations. The HOLT framework has been rigorously field tested for over 40 years by global investment professionals to help them make better stock picks and by corporate managers to understand the expectations embedded in their stock price. Beyond Earnings is an indispensable guide for investors who want to improve their odds of outperforming the competition.

Value Investing

Value Investing PDF Author: Bruce C. Greenwald
Publisher: John Wiley & Sons
ISBN: 9780471463399
Category : Business & Economics
Languages : en
Pages : 324

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Book Description
From the "guru to Wall Street's gurus" comes the fundamental techniques of value investing and their applications Bruce Greenwald is one of the leading authorities on value investing. Some of the savviest people on Wall Street have taken his Columbia Business School executive education course on the subject. Now this dynamic and popular teacher, with some colleagues, reveals the fundamental principles of value investing, the one investment technique that has proven itself consistently over time. After covering general techniques of value investing, the book proceeds to illustrate their applications through profiles of Warren Buffett, Michael Price, Mario Gabellio, and other successful value investors. A number of case studies highlight the techniques in practice. Bruce C. N. Greenwald (New York, NY) is the Robert Heilbrunn Professor of Finance and Asset Management at Columbia University. Judd Kahn, PhD (New York, NY), is a member of Morningside Value Investors. Paul D. Sonkin (New York, NY) is the investment manager of the Hummingbird Value Fund. Michael van Biema (New York, NY) is an Assistant Professor at the Graduate School of Business, Columbia University.

Beyond Profit

Beyond Profit PDF Author: Fred Setterberg
Publisher: HarperCollins Publishers
ISBN: 9780060154721
Category : Associations, institutions, etc
Languages : en
Pages : 292

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Book Description


Beyond New Testament Theology

Beyond New Testament Theology PDF Author: Heikki Räisänen
Publisher:
ISBN:
Category : Religion
Languages : en
Pages : 1482

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Book Description
This fascinating and comprehensive book, first published in 1990, is, as the original subtile put it, 'a story and a programme'. The story is that of the many attempts over the last two hundred years to write a theology of the New Testament, from the pioneering J. P. Gabler to the present day. Writing in Theology, Robert morgan describes it as 'surely the best available survey in any language and particularly useful for those less familiar with the German tradition'. However, the book contains more than a survey: the 'programme' maps out the way that New Testament theology should proceed in the future. The programme relates not only to subject-matter but also to audience, since in a secular society those who read the New Testament range far outside the confessions and churches. As might be expected, the reception for this radical thesis has ben a mixed one, but the importance of Professor Raisaenen's work has been strongly emphasized, not lesast by Professor Gerd Theissen in his A Theory of Primitive Christian Reigion. This new edition contains a survey of the debate over the last decade and also elaborates further on the programme for the future in the light of recent developments. Heikki Raisaenen is Professor of New Testament Exegesis at the University of Helsinki.

The index to our railway system, and our leading lines, for the year ...

The index to our railway system, and our leading lines, for the year ... PDF Author: William Fleming (compiler of railway time-tables.)
Publisher:
ISBN:
Category :
Languages : en
Pages : 142

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Principles of Investment

Principles of Investment PDF Author: John Emmett Kirshman
Publisher:
ISBN:
Category : Investments
Languages : en
Pages : 940

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Annual Report of the Commissioners of Prisons of Massachusetts

Annual Report of the Commissioners of Prisons of Massachusetts PDF Author: Massachusetts. Commissioners of Prisons
Publisher:
ISBN:
Category :
Languages : en
Pages : 200

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The Magazine of Wall Street and Business Analyst

The Magazine of Wall Street and Business Analyst PDF Author:
Publisher:
ISBN:
Category : Investments
Languages : en
Pages : 1080

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The Magazine of Wall Street

The Magazine of Wall Street PDF Author:
Publisher:
ISBN:
Category : Investments
Languages : en
Pages : 1024

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California. Court of Appeal (6th Appellate District). Records and Briefs

California. Court of Appeal (6th Appellate District). Records and Briefs PDF Author: California (State).
Publisher:
ISBN:
Category : Law
Languages : en
Pages : 100

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Book Description