Some very good sections! | Fire Your Stock Analyst: Analyzing Stocks On Your Own (Definitive Guides...

One guy's system for evaluating the financial soundness of businesses so it canbe determined if they are undervalued or growing! | Fire Your Stock Analyst: Analyzing Stocks On Your Own (Definitive Guides (Financial Times/Prentice Hall)) | Harry Domash

books:


	• Fire Your Stock Analyst: Analyzing Stocks On Your Own (Definitive Guides (Financial Times/Prentice Hall)) Harry Domash FT Press, 2006 - 416 pages average customer review:based on 21 reviews view larger image
	for more information click here

highly recommended

Great book on analyzing stocks on your own..........

This book is well written, simple and easy steps to analyze any stock traded. It is written in easy language and very simple steps. I use it in my investments class with my college students and I have had great feedback from my students. So much so that many of my students have moved on to banking jobs and they carry this book to their trading desks with them.

Some very good sections!

I would not consider this book as a master piece but a good addition to your library.

Chapters dealing with accounting are excellant.

Check out my listmania lists on good investment books,which takes precedance over this one.

for more information click here

One guy's system for evaluating the financial soundness of businesses so it canbe determined if they are undervalued or growing!

I liked this book very much. But I did not love it. Hence, the 4 star rating. To me the book sounded like a crash course in what is involved in doing due diligence during a merger and acquisition project. People who are interested in learning a lot of what must be done during due diligence will greatly appreciate this book. And I suspect any wanta-be entrepreneur will get a lot out of this book, too.

The book is overflowing with content. And I thought it was very logical and pretty straightforward. However, if I really want to get the full benefit this book has to offer me, then I will have to go back and outline each of the chapters. There are just too many asides thrown in during the writing that I feel as though another drafting or two of the book would make a world of difference in how easily it can be read and digested on a first read.

Arguably there were too many examples of real companies because they tend to date the book. And the title was off a little for me since all the subscriptions necessary to do what the author suggests can cost a bit. Probably my favorite aspect of the book was all the online resources that were cited and explained to be used as tools when researching and analyzing companies from a value (undervalue) or growth persepective.

Certainly this book provides one way (and a good one at that) to look at stock analysis. But there are other takes on this same subject. I recommend someone interested in the subject matter definitely read this one, but also seek out some other tomes, too. 4 stars!

for more information click here

Solid guide to fundamental analysis

This book will help you to evaluate and decode the stock information available on free financial websites likeYahoo! Finance and MSN Money. This is a thick book, very detailed and in-depth, with tons of useful information to help you can find the stocks that will generate solid returns. For example, Domash explains the difference between Return on Equity (ROE), Return on Assets (ROA), and Return on Capital (ROC). The author is obviously a very experienced stock analyst with a wealth of practical techniques for readers to use.

The main weakness is that Domash never really gives the reader a practical strategy for choosing stocks. He does give a generic "value" and "growth" approach, but never says which approach he uses or why. Also, there are many different kinds of value and growth investing; the strategies he lays out are so generic that they are of quite limited usefulness. Hardly anyone uses a "pure" value or growth approach.

Overall, this is one of the best books available on fundamental analysis, along with Pat Dorsey's FIVE RULES FOR SUCCESSFUL STOCK INVESTING.

for more information click here

A Practitioner's View of Stock Analysis

Harry Domash, entrepreneurial investor, has laid out methodologies for analyzing stocks that any investor can follow. I would recommend his book to anyone who manages his or her own investments. Everything of importance for stock analysis seems to be covered with descriptions of where to find data and how to manipulate it. Of special interest to myself were his sections on estimating stock values and on determining a business' financial fitness and profitability.

In his section on stock valuation he expresses disdain for conventional intrinsic value methods based on discounted earnings flow, claiming that stocks have no intrinsic value other than what someone will pay for them. In their place he offers two alternative methods: (1) implied earnings growth and (2) growth at a reasonable price, (GARP.) In both methods earnings growth is key. For (1) he obtains implied earnings growth from Benjamin Graham's intrinsic value formula by equating that value to current market price and solving for the (implied) growth rate. A reasonable approach but any such valuation formula could be used, including one of the maligned discounted earnings flow formulae. Domash gives no reason for his choice, but Graham's formula is simpler - a questionable criteria in the age of the computer. For (2) earnings growth is obtained from analyst's forecasts. The use of this alternative to his implied earnings growth is unexplained.

In his sections on financial fitness and profitability he compiles a collection of recipes for determining both. His `cookbook' approach seems to be the industry practice. (see B. Graham & C. McGolrick, "The Interpretation of Financial Statements") I had hoped for a more logical flow to the process, but since there may not be one Domash can't be faulted for lacking it. Maybe he could develop such a flow for his next edition.

In sum, Domash's book left me a bit perplexed, but what I found was comprehensive, informative, useful, interesting, and well worth the price.

for more information click here

This is simply the world's most useful book for personal investors who want to rely less on the so-called "experts" and more on their own intelligence and knowledge. The author presents systematic value and growth strategies that draw on the best ideas from more than 20 of the world's leading money managers -- and shows you how to implement each strategy step-by-step, using free or low-cost information available on the Internet. Domash introduces never-before-published advanced analysis strategies, shows how value investors really pick stocks, and presents new ways of quantifying a stock's risk. This book covers issues most books simply ignore, including how to evaluate a company's business plan and true financial strength, how to set your own target prices, and most important, when to sell .

for more information click here

reviews: page 1, 2, 3, 4, 5

hot