Dec 8, 2014 Investment Education: Bond Valuation (Excerpt Chapter 9)
Stocks, as we saw in an earlier chapter, and will see again in later chapters, are valued primarily by looking at the stock's price as...
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Stocks, as we saw in an earlier chapter, and will see again in later chapters, are valued primarily by looking at the stock's price as...
Most investors think bonds are pretty simple compared to stock. A bond is a loan: It pays interest every year until maturity when the principal...
As we saw in Part 4, there are four inputs to an absolute value model: cash flow from existing assets, the expected growth in those...
In Part 1 of The Art of Valuation Jujitsu, I noted that valuation methods can be broken into two basic categories: absolute and relative value...
Most investors don’t realize that the average stock fluctuates by 50% in any given year from its low to its high. If you've properly...
As I noted in Part 1, price multiples like P/E can help you determine if a stock is undervalued, fairly valued, or overvalued relative to...
Bruce Lee is widely considered the most influential martial artist of all time. The actor, filmmaker, and instructor founded the art of Jeet Kune Do...
Chapter 7 - Financing Growth: Selling New Stock Versus Selling New Bonds Part of a good investment education is learning to think like management. In Chapter...
Chapter 6 - Earnings Dilution - JMC Goes Public Chapter 6 looks at the stock dilution that results from a new stock offering. A step by...
Chapter 5 is titled "Going Public - Primary and Secondary Offerings". After 4 chapters of business formation, accounting, income statements and balance sheet, we are...