Franchise Value
Subtitle: A Modern Approach to Security Analysis (Wiley Finance)
Publisher: Wiley; John Wiley & Sons
Published: July 30, 2004
Language: eng
Format: Hardcover
Number of pages: 512
ISBN-13: 9780471647881
Subjects: Finance & Accounting; Franchises; Investment Analysis; Business & Economics; Business / Economics / Finance; Business/Economics; Accounting - General; Finance; Investments & Securities - Stocks; Business & Economics / Finance; Investments & Securities - General; Corporations; Price-earnings ratio; Valuation
Description: "Investors and analysts in today's fiercely competitive global equities market are finding traditional valuation models to be unrealistically static - and woefully inadequate - for reliably valuing companies and their stock. Looking for improved flexibility and insight into the components of price/earnings growth, they are increasingly turning to the practical and innovative franchise value (FV) approach, introduced by Martin Leibowitz and Stanley Kogelman in the early 1990s. Over the subsequent ten years, this FV approach was further developed through a series of papers, four of which received the prestigious Graham and Dodd Award." "Franchise Value is the first book to provide investment practitioners with authoritative and comprehensive guidance on the use of this adaptable and insightful approach. Compiling and arranging the writings of FV pioneer Leibowitz in one accessible volume, Franchise Value features detailed information and analysis on the documented improvements FV provides."--BOOK JACKET.