Table of Contents

Introduction

Part I The Investing Environment

1 Why Analyze a Security?

2 Who Is Practicing Security Analysis?

3 Seeking a Level Playing Field

4 Other Sources of Information

Part II Performing the Analysis and Writing the Research Report

5 Starting the Analysis

6 Industry Analysis

7 Company-Specific Analysis

8 Financial Statement Analysis of an Established Business

9 The Limitations of Accounting Data

10 Financial Analysis and Stock Characterization

11 Financial Projection Pointers

Part III Valuation and the Investment Decision

12 Modern Approaches to Valuation

13 The Relative Value Approach

14 Valuing Marginal Performers

15 The Mergers and Acquisitions Market, Leveraged Buyouts, and Takeovers

16 Breakup Analysis

17 Recommended Investment Decision

Part IV Special Cases

18 Cash Flow Stocks

19 Natural Resource Stocks

20 Financial Industry Stocks

21 Insurance Companies

22 Highly Speculative Stocks

23 Distressed Securities and Turnarounds

24 International Stocks

25 Emerging Markets: The Final Frontier

Part V Summary

26 Closing Thoughts on Security Analysis

Index

About the Author

JEFFREY C. HOOKE is a Managing Director at Hooke Associates, LLC, a valuation firm, and FOCUS, LLC, an investment bank. He was formerly director of Emerging Markets Partnership, a $5 billion fund focusing on emerging markets,, principal investment officer of the World Bank Group, and an investment banker with Lehman Brothers and Schroder Wertheim. Hooke is also the author of M&A: A Practical Guide to Doing the Deal and Emerging Markets: A Practical Guide for Corporations, Lenders, and Investors, both from Wiley.
Visit www.wiley.com/go/hooke