Applied Equity Analysis: Stock Valuation Techniques for Wall Street Professionals
, by English, James
- ISBN: 9780071360517 | 0071360514
- Cover: Hardcover
- Copyright: 6/4/2001
Today's Most Comprehensive Practitioner's Guide to Modern Equity AnalysisProfessional equity analysts must contend with a number of strong forces, each pulling in separate but equally relentless directions. "Applied Equity Analysis ties these disparate elements into a seamless whole, and presents a clear, complete equity analysis picture.Written from the working analyst's point of view, in a singularly candid style that is both thought provoking and illuminating, "Applied Equity Analysis covers: How to think, speak, and develop investment recommendations in the language of Wall Street How competitive forces directly impact financial results and, in the process, drive stock valuation How to use valuation methodologies designed to quantify the growth and earnings assumptions inherent in speculative stock prices "Applied Equity Analysis emphasizes techniques that work on a day-to-day basis, rather than traditional but often impractical academic approaches. By combining a solid discussion offinance and investment theory with techniques popular among today's buy- and sell-side analysts, it presents a picture of stock investment analysis that is analytically rigorous, aggressively uncompromising, and based on earnings--the true driving force of Wall Street."The equity analyst's job is to present a position, supported by financial and non-financial evidence. Data unnecessary to the argument are, in a word, unnecessary. However, the analyst must understand all the data, relevant or not. The ultimate goal of the equity analyst is the exploitation of any difference between a stock's price and its value." --From Chapter 1"Applied Equity Analysis is about understanding all"the data. Written by former JP Morgan managing director James English--an adjunct professor of finance at the Columbia University School of Business, honored by "The Wall Street Journal for his stock analysis skills--this innovat
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