Two major market crashes, numerous financial and accounting scandals, growth in private equity and hedge funds, Sarbanes Oxley and related regulations, and international developments have changed security analysis and business valuation substantially over the past fourteen years. These events necessitated a second edition of this modern classic, praised earlier by Barron s as a ''welcome successor to Graham and Dodd'' and regarded by certified financial analysts (CFAs) as one of the most insightful valuation guides available.

The Second Edition of Security Analysis and Business Valuation on Wall Street examines how mutual funds, private equity funds, hedge funds, institutional money managers, investment banks, business appraisers, and corporate acquirers perform their craft of security analysis and business valuation in today s highly charged economic environment.

Completely updated to reflect the latest methodologies and featuring a companion Website (www.wiley.com/go/hooke) containing valuation spreadsheets this reliable resource represents the most comprehensive look at this discipline by someone who has actually worked as an investment banker, a private equity executive, and an international institutional investor.

Filled with in depth insights and expert advice, this timely guide:

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  Shows the methodical process that practitioners use to value common stocks and operating companies and to make buy/sell decisions
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  Addresses how the Internet and computing power automate portions of the research and analytical effort
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  Includes new case study examples representative of valuation issues faced daily by professionals in this field
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  Discusses the impact of the two stock market crashes, the accounting and financial scandals, and new regulations on the evaluation process
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  Is a perfect tool for professors wishing to show their MBA students the essential tools of equity and business valuation

Security analysis and business valuation are core financial disciplines for those on Wall Street as well as corporate acquirers, business appraisers, and international investors. The Second Edition of Security Analysis and Business Valuation on Wall Street is an important book for anyone who needs a solid grounding in these critical financial topics.