Equity Asset Valuation
The valuation methods explored in this book can be applied by different types of investors, in different market environments, and for different types of transactions. When reading Wall Street research reports or listening to financial TV programs, it is rare to see or hear a well-designed valuation. Usually, the valuation process consists of attaching an earnings multiple to an estimated earnings growth rate. This book provides an excellent review of the fundamentals and techniques used to value equity assets. No single valuation technique suits all investors in all types of transactions, and this book adequately recognizes that fact. No matter your level of financial sophistication, you can benefit from reading it.