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George MannesIn the weighty text, Hooke has written a step-by-step explanation of how to analyze stocks and research reports. He takes the reader from basic yardsticks used to judge companies—intrinsic value, relative value and acquisition value—and goes all the way to analyzing stocks in emerging, overseas markets.... Hooke infuses Security Analysis on Wall Street with clear thought and healthy skepticism.... Hooke explains financial pitfalls to avoid, like not confusing growth in companywide revenues and earnings with earnings per share, which is where things ultimately matter to individual stockholders. As with other parts of the book, he cites a specific company.... He also walks through special cases, such as cash-flow stocks, or those companies judged by the cash they generate from operations rather than bottom-line earnings. Others discussed include natural-resource stocks, financial-industry stocks, highly speculative stocks and distressed securities and turnarounds.
A 424-page volume that's priced at $69.95, Security Analysis on Wall Street isn't your average weekend-at-the-beach read. Targeted at serious investors, investment professionals, corporate managers and MBA students, the book isn't as simple a read as a "Ten Stocks to Watch" article you might find in a glossy investment magazine... Whether Hooke will inherit Graham & Dodd's mantle is too early to tell. But for diligent investors, it's a good start.
— TheStreet.com for ABCNEWS.com