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Cash Flow and Security Analysis
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(12 customer reviews)
Revised and updated to reflect the latest thinking in the area of cash flow analysis, Cash Flow and Security Analysis, is written with the underlying assumption that cash flow analysis is the most important tool at the investor's disposal. You will discover why cash flow is quickly replacing earnings as the primary tool among securities analysts and how they can identify undervalued securities using cash flow analysis. This important reference shows you how to avoid common costly mistakes.
- Amazon Sales Rank: #2834282 in Books
- Brand: Brand: McGraw-Hill
- Published on: 1995-10-01
- Original language: English
- Number of items: 1
- Dimensions: 9.00" h x 1.54" w x 6.20" l,
- Binding: Hardcover
- 592 pages
- Used Book in Good Condition
About the Author
McGraw-Hill authors represent the leading experts in their fields and are dedicated to improving the lives, careers, and interests of readers worldwide
Most helpful customer reviews
0 of 0 people found the following review helpful.
complicated explanation of cash flow
0 of 1 people found the following review helpful.
come on guys, take a chance
This book is for suited for the long term investor. If your the investor who buys bottoms & sell tops, this book is not for you. If your the investor who holds for 10-20 years then this the book for you. This book focuses on adjustments which is more tailored to holding periods greater then 2 years. The author tries to rewrite the book on investing.. everyone has there magic on how they perceive something & this author takes it a bit to far. There is only one Warren Buffett, at least when it comes to Warren Buffett.. we know first hand the success behind the man called Buffett. I would question anyone who tries to compete with mr. Buffett. His cash flow adjustments is nothing more then Buffett owners earnings. Call me yellow but I'll take Buffett Owners Earnings then a unproven method of success. Yes cash is the way to go, the best way to use cash flows is to use it as a risk measure & not as a forecast. The book has a lot of information, more then you can take in a single read. If you want to get a idea of how to use financial reports fine print, this book will show you how to do just that. I gave this book 2 stars because it takes the market wheel that works & reworks it to the taste of the author. Would you find success if you apply the methods in this book ? probably not, would you take another big step toward perfection ? sure. There is no right or wrong way to investing, if you simply pick one ratio & learn everything about that ratio, it's behavior then you would master your success as a investor. You just need one thing, learn it & know it well & you will find more success in that one thing then a tool box full of tips & tricks.
15 of 16 people found the following review helpful.
Great book to read, and excellent example
By A Customer
The best thing I like about this book is that the author guide you step by step in calculating free cash flow of the firm.
He also talked about how to estimating corporate fat, off balance sheet liabilities, and many insighful idea to the investment world.
Personally, I would recommend you to buy this book. I personally like it. Not like a bunch of academic theoritical BS that is floating around.