A time-tested approach to selecting quality stocks. Fundamental Analysis provides investors with the tools and methods essential to successful investing. In a logical, step-by-step manner, author John... This description may be from another edition of this product.
This book covers difference area of fundamental analysis... but I find the book not covering cash flow a whole lot... it says that depreciation is a real cost... but i wonder why if it is a business that bought its own office? Then it has got a lot of depreciation but it is not real cost. the real effect is that the company constantly needs to spend on capital expenditure... and particularly, the capital expenditure that will go down in value. real estate goes up in value, for example. but if you have to keep on buying computers, they probably go down to 1/3 of its value in 5 years... so they are different.
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