Book value is another guideline which helps to get you into the wrong stocks for long term growth.
Assets are very much subject to accounting treatment and are often difficult to analyze.
Whereas most general manufacturers list almost all of their assets on the balance sheet, computer technology companies in most cases do not show software as a balance sheet item. In some cases a software company's only major asset, is its software, which may not show up on the balance sheet at all. This is applicable to companies like Word Perfect, Oracle, Microsoft, Lotus, Ashton Tate and many others. All rights reserved. The Copyright Act of 1976 prohibits the reproduction by photocopy machine or any other means of any portion of this report except with permission of the publisher.