Equity Valuation and Analysis With Eval Review

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(More customer reviews)This is the most practical book on financial statement analysis that I have encountered. I wish we had used it in my MBA finance classes.
The authors provide a logical framework for predicting balance sheets, income statements and cash flow going forward, based on previous financial data. Through this methodology they develop valuation estimates. They also apply research to estimate things like bankruptcy probability or likelihood of financial fraud. I have found this methodology very useful in analyzing the data within annual reports, and catching questionable accounting practices.
Since the authors provide updated financial data (typically in May of each year, including annual report data for the previous year), you do not need to worry about the data going out of date.
With used copies of this book now available at very reasonable prices, I do not see how you can go wrong obtaining a copy of it.

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Leveraged Financial Markets: A Comprehensive Guide to Loans, Bonds, and Other High-Yield Instruments (McGraw-Hill Financial Education Series) Review

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(More customer reviews)This book is an excellent guide for all readers. Clear and concise explanations of how credit markets work and the instruments that drive them. The chapters are segmented by financial product and written by an expert in that particular discipline, which gives the reader exposure to different authors. One of the best leveraged finance books I've read.

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Public companies acquire most of their outside capital from debt fi nancing and, more specifi cally, leveraged finance--an asset class that falls somewhere between traditional fixed income and stocks. While this type ofdebt fi nancing carries significant risk to both investorsand companies, the potential returns make leveraged finance a cornerstone of the modern financial markets.
Leveraged Financial Markets is a gathering of the most astute and informed minds in the business.The powerhouse editorial team of William F. Maxwell and Mark R. Shenkman have handselected contributions from the top practitioners and thinkers working in leveraged finance today.
The result is an authoritative guidebook that providesyou with what you need to navigate the highyield market in the integrated global economy. Packed with a wealth of analytical models illustrating the realities of distress probabilities and losses in default, Leveraged Financial Markets gives you all the insight and strategies you need to:
Use the Sharpe ratio to measure the return versus risk for high-yield debt
Develop and oversee a portfolio of high-yield bonds
Value individual high-yield issuances

It also updates you on changes in the high-yield bond market and features in-depth coverage of numerous debt vehicles leveraged in the market today, including collateralized debt obligations (CDOs), credit derivative swaps (CDSs), collateralized loan obligations (CLOs), andleveraged loans.
Leveraged Financial Markets is your blueprint tobecoming a virtuoso of this resilient and popular asset class.

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Equity Asset Valuation (CFA Institute Investment Series) Review

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(More customer reviews)It is an extremely important reference book because I am preparing for CFA Level II exam. I've found the book an introductory one to illustrate basic concept in investment industry. Any one who wants to enter the investment banks,mutual funds,asset manangement corps. should have this book in hand.
I strongly recommend it to all candidates on the road to getting CFA charter, and other partitioners in investment field may also find it helpful.

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A comprehensive look at the equity valuation process

With the Second Edition of Equity Asset Valuation, the distinguished team of Jerald Pinto, Elaine Henry, Thomas Robinson, and John Stowe, fully update information associated with this important discipline. Blending theory with practice, they detail the contemporary techniques used to determine the intrinsic value of an equity security, and show you how to successfully apply these techniques in both foreign and domestic markets.
Unlike alternative works in this field, the Second Edition of Equity Asset Valuation clearly integrates finance and accounting concepts into the discussion-providing the evenness of subject matter treatment, consistency of notation, and continuity of topic coverage that is so critical to the learning process.
Addresses essential issues in this arena, including the equity valuation process, discounted dividend valuation, free cash flow valuation, and residual income valuation
Each author brings his own unique experiences and perspectives to the equity analysis process
Distills the knowledge, skills, and abilities you need to succeed in today's fast-paced financial environment
Companion Workbook also available

Valuable for classroom study, self-study, and general reference, this book contains clear, example-driven coverage of many of today's most important valuation issues.

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