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Expectations Investing : Reading Stock Prices for Better Returns, Revised and Updated / Michael Mauboussin, Alfred Rappaport.

By: Contributor(s): Material type: TextTextSeries: Heilbrunn Center for Graham & Dodd Investing SeriesPublisher: New York, NY : Columbia University Press, [2021]Copyright date: 2021Description: 1 online resource : 53 figures and tablesContent type:
Media type:
Carrier type:
ISBN:
  • 9780231203043
  • 9780231554848
Subject(s): DDC classification:
  • 332.63/2042 23
LOC classification:
  • HG4529 .R37 2021
Other classification:
  • online - DeGruyter
Online resources:
Contents:
Frontmatter -- Contents -- Foreword -- Preface -- Acknowledgments -- 1 The Case for Expectations Investing -- PART I. Gathering the Tools -- 2 How the Market Values Stocks -- 3 The Expectations Infrastructure -- 4 Analyzing Competitive Strategy -- PART II. Implementing the Process -- 5 How to Estimate Price-Implied Expectations -- 6 Identifying Expectations Opportunities -- 7 Buy, Sell, or Hold? -- 8 Beyond Discounted Cash Flow -- 9 Across the Economic Landscape -- PART III. Reading Corporate Signals and Sources of Opportunities -- 10 Mergers and Acquisitions -- 11 Share Buybacks -- 12 Sources of Expectations Opportunities -- Notes -- Index
Summary: Most investment books try to assess the attractiveness of a stock price by estimating the value of the company. Expectations Investing provides a powerful and insightful alternative to identifying gaps between price and value.Michael J. Mauboussin and Alfred Rappaport suggest that an investor start with a known quantity, the stock price, and ask what it implies for future financial results. After showing how to read expectations, Mauboussin and Rappaport provide a guide to rigorous strategic and financial analysis to help investors assess the likelihood of revisions to these expectations. Their framework traces value creation from the triggers that shape a company’s performance to the impact on the value drivers. This allows a practitioner of expectations investing to determine whether a stock is an attractive buy or sell candidate.Investors who read this book will be able to evaluate stocks of companies in any sector or geography more effectively than those who use the standard approaches of most investors. Managers can use the book’s principles to devise, adjust, and communicate their company’s strategy in light of shareholder expectations.This revised and updated edition reflects the many changes in accounting and the business landscape since the book was first published and provides a wealth of new examples and case studies.
Holdings
Item type Current library Call number URL Status Notes Barcode
eBook eBook Biblioteca "Angelicum" Pont. Univ. S.Tommaso d'Aquino Nuvola online online - DeGruyter (Browse shelf(Opens below)) Online access Not for loan (Accesso limitato) Accesso per gli utenti autorizzati / Access for authorized users (dgr)9780231554848

Frontmatter -- Contents -- Foreword -- Preface -- Acknowledgments -- 1 The Case for Expectations Investing -- PART I. Gathering the Tools -- 2 How the Market Values Stocks -- 3 The Expectations Infrastructure -- 4 Analyzing Competitive Strategy -- PART II. Implementing the Process -- 5 How to Estimate Price-Implied Expectations -- 6 Identifying Expectations Opportunities -- 7 Buy, Sell, or Hold? -- 8 Beyond Discounted Cash Flow -- 9 Across the Economic Landscape -- PART III. Reading Corporate Signals and Sources of Opportunities -- 10 Mergers and Acquisitions -- 11 Share Buybacks -- 12 Sources of Expectations Opportunities -- Notes -- Index

restricted access online access with authorization star

http://purl.org/coar/access_right/c_16ec

Most investment books try to assess the attractiveness of a stock price by estimating the value of the company. Expectations Investing provides a powerful and insightful alternative to identifying gaps between price and value.Michael J. Mauboussin and Alfred Rappaport suggest that an investor start with a known quantity, the stock price, and ask what it implies for future financial results. After showing how to read expectations, Mauboussin and Rappaport provide a guide to rigorous strategic and financial analysis to help investors assess the likelihood of revisions to these expectations. Their framework traces value creation from the triggers that shape a company’s performance to the impact on the value drivers. This allows a practitioner of expectations investing to determine whether a stock is an attractive buy or sell candidate.Investors who read this book will be able to evaluate stocks of companies in any sector or geography more effectively than those who use the standard approaches of most investors. Managers can use the book’s principles to devise, adjust, and communicate their company’s strategy in light of shareholder expectations.This revised and updated edition reflects the many changes in accounting and the business landscape since the book was first published and provides a wealth of new examples and case studies.

Mode of access: Internet via World Wide Web.

In English.

Description based on online resource; title from PDF title page (publisher's Web site, viewed 20. Nov 2024)