by Jeffrey C. Hooke
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| Amazon Price: | $168.75 & eligible for FREE Super Saver Shipping on orders over $25. |
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Product Description
Security Analysis on Wall Street The principles of investing have always been simple: buy low, sell high. The information needed to make these potentially lucrative decisions, however, is often hard to find, difficult to decipher, and not always reliable. This authoritative new book is the essential reference for students who want to learn the rational, rigorous analysis that is still the most successful way to evaluate securities. Security Analysis on Wall Street explains how the values of common stocks are really determined in today's marketplace and takes a comprehensive look at the entire security evaluation process, as well as the major valuation techniques currently being used by Wall Street professionals. Beginning with an overview of the environment in which stocks are issued, researched, bought, and sold, Hooke examines the roles of the various players, the rules of the markets, and the activities surrounding initial public offerings. He then probes the intricacies of analyzing and reporting on securities with proven methods for evaluating the merits of a stock. This sophisticated yet straightforward system teaches students how to assess profitable firms; understand marginal performers, leveraged buyouts, and corporate takeovers; and-most importantly-to break down different analyses and get the big answers: Is the security fairly valued, and why or why not? "A welcome successor to Graham and Dodd's Security Analysis." -Barron's
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Average Customer Review:
0 of 0 people found the following review helpful:
Practical complement for more academic approaches, 2007-11-09
Hooke's treatment of security valuation is more popular than academic, and parts 1 and 2 can be skipped by anyone who has read authors such as Damodaran and Porter. Where Hooke is really valuable is in providing practical advice on how to value special cases: as a primer on distressed, natural resource, financial industry, and insurance stocks, this is really a good place to begin.
6 of 8 people found the following review helpful:
 Chicago MBAs LOVE this book....., 2006-04-23
University of Chicago MBAs looking to work on the Street live and die by this book. It happens to be one of my favorites...
Other valuation books I like
1. DAMADORAN'S book -- buy it; it walks you through the WACC, etc.......
2. the McKinsey and Co book is a Bible -- another MBA first year staple.....
3. the "Streetsmart Guide to..." isn't bad either, since it's DCF focused...
Picking stocks isn't just valaution, so make sure you read PORTER for an overview on industry dynamics.....
2 of 2 people found the following review helpful:
Very resourceful from a broad persperctive, 2004-04-16
I would recommend this book to someone who wants a broad exposure of "Security Analysis on Wall Street." Mr. Hooke gives a great overview of the many facets of securities analysis. The drawback of this book is that it lacks specifics. For example, I was interested in getting a deeper analysis of valuation methodologies, however, what I found was a general overview of this section--the author then jumped right on to the next section. This example relates to all of the topic areas. Going deeper into topic areas so that more educated and experienced readers could get insight was not available for the most part. Nevertheless, I rate this book 4 stars because it does a great job of giving a strong overview of security analysis. I would recommend this book, especially for beginners and intermediate students and practitioners.
4 of 4 people found the following review helpful:
A Must For The Serious Investor, 2000-07-22
This book is the best I've ever read on stock valuation. It has helped me understand the fundamentals behind valuation. It is an easy read for those who have some background in finance but not impossible for the layman to understand.
3 of 8 people found the following review helpful:
 Good in a broad sense, not very in depth, 2000-06-16
My opinion, this book is good in a broad sense, but certainly not thatin depth. Comparing it to Graham and Doddville is streching. Sorry, I disagree. Of course, this is my opinion and other might have different opinion.
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