Expectations Investing: Reading Stock Prices for Better Returns - Hardcover

Rappaport, Alfred; Mauboussin, Michael J.

 
9781578512522: Expectations Investing: Reading Stock Prices for Better Returns

Inhaltsangabe

Expectations Investing offers a unique and powerful alternative for identifying value-price gaps. Rappaport and Mauboussin provide everything the reader needs to utilize the discounted cash flow model successfully. And they add an important twist: they suggest that rather than forecasting cash flows, investors should begin by estimating the expectations embedded in a company's stock price. An investor who has a fix on the market's expectations can then assess the likelihood of expectations revisions. To help investors anticipate such revisions, Rappaport and Mauboussin introduce an "expectations infrastructure" framework for tracing the process of value creation from the basic economic forces that shape a company's performance to the resulting impact on sales, costs, and investment. Investors who use Expectations Investing will have a fundamentally new way to evaluate all stocks, setting them on the path to success. Managers will be able to use the book to devise, adjust, and communicate their company's strategy in light of shareholder expectations.

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Über die Autorin bzw. den Autor

Alfred Rappaport is the Leonard Spacek Professor Emeritus at Northwestern's Kellogg School and is Shareholder Value Adviser to L.E.K. Consulting. He originated the Shareholder Scoreboard for the Wall Street Journal.

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9781591391272: Expectations Investing: Reading Stock Prices for Better Returns

Vorgestellte Ausgabe

ISBN 10:  159139127X ISBN 13:  9781591391272
Verlag: Harvard Business Review Press, 2003
Softcover