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Record Nr. |
UNINA9910554240303321 |
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Autore |
Mauboussin Michael J. <1964-> |
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Titolo |
Expectations investing : reading stock prices for better returns / / Michael J. Mauboussin and Alfred Rappaport |
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Pubbl/distr/stampa |
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New York, New York State : , : Columbia University Press, , [2021] |
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©2021 |
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ISBN |
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Descrizione fisica |
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1 online resource (269 pages) : illustrations |
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Collana |
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Heilbrunn Center for Graham & Dodd Investing Series |
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Disciplina |
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Soggetti |
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Stocks - Prices |
Portfolio management |
Investment analysis |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Note generali |
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Nota di contenuto |
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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 |
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Sommario/riassunto |
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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 |
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