Book description
A must-read book for investors who prefer to pick stocks based on
cash flow facts, not on media hype and fiction
How to Pick a Stock is written for the contrarian investor who
wants an investing method that is based on cash flow facts, not on
media hype and speculative impulse. This book combines an accessible
presentation of a contrarian investment model and the ValuFocus tool
that offers a highly studious, detailed explanation of understanding a
company's true intrinsic value.
If you can calculate a company's intrinsic value on the basis of
knowing if the market is currently under, fairly, or over pricing its
stock, then it is possible to invest wisely in the stock market.
Investors who want to buy undervalued stocks, or sell (short)
overvalued ones will find this book immensely useful. The ValuFocus
investing tool calculates the intrinsic value of every company in
their database automatically. Thus, an individual investor can become
an "A" student of a modeling process, or can go right ahead
in using this tool to pick stocks and manage their own portfolio.
Additionally, this book helps to develop an enhanced framework to
fundamental equity valuation.
- Contains the ValuFocus tool for calculating the intrinsic value
of every company in the LCRT Nucleus database
- Offers specific and innovative valuation techniques of
practicing professionals for individuals to use in picking stocks long-term
- Highlights the most state-of-the-art approaches to
unconventional stock-picking for investors and corporate finance professionals
Offering encouragement to individual investors by outlining a model
that delivers satisfying returns, How to Pick a Stock is
especially useful for those who are patient and believe in longer-term
investing horizons.
Rawley Thomas is President of LifeCycle Returns, Inc. (LCRT).
He served as assistant treasurer of SuperValu Stores, joined Callard,
Madden in 1981, cofounded Holt Planning in 1985, and directed Value
Management research for The Boston Consulting Group for eleven years.
Thomas is past Vice President of Practitioner Services for the
Financial Management Association International (FMA) and is Chairman
of the FMA Practitioner Research Committee. Currently, he serves on
the Northern Illinois Accountancy Board and chairs the Financial
Management Association Practitioner Demand Driven Academic Research
Initiative (FMA PDDARI) supported by the CFA Society of Chicago.
WILLIAM MAHONEY is a veteran investor relations practitioner,
journalist, and author. He spent twenty years as a communications and
investor relations professional with companies such as Motorola, Scott
Paper, and Esmark, and twenty-five years as an editor of investor
relations and corporate governance publications, including
Update, which is the official publication of the National
Investor Relations Institute; Shareholder Value magazine; and
the newsletter Valuation Issues. He has written a half-dozen
books on investor relations and corporate governance. Mahoney began
his career as a reporter for the Ft. Wayne News-Sentinel after
graduating from Marquette University.
