Customer Reviews

Cash Flow and Security Analysis

5 star:		(4)
4 star:		(1)
3 star:		(0)
2 star:		(0)
1 star:		(5)

 

 

The best thing I like about this book is that the author guide you step by step in calculating free cash flow of the firm.

He also talked about how to estimating corporate fat, off balance sheet liabilities, and many insighful idea to the investment world.

Personally, I would recommend you to buy this book. I personally like it. Not like a bunch of academic theoritical BS that is floating around.

Contrary to what the other reviews on this page suggest, value investing is the clear winner over growth. Don't listen to one or two readers who lost money over a few months. Take the long view. Though you may not get rich quick reading this book, you will coming away with a richer understanding of how to read financial statements in terms of what drives value.

I'VE COMPLETELY AVOIDED THE INTERNET HIGHFLYERS-THEY DON'T GENERATE FREE CASH FLOW. ON THE OTHER HAND THE BOOK PUT ME INTO COMPANIES WHOSE UNDERVALUED STOCKS QUICKLY TURNED AROUND WITH THERE LOW DEBT HIGH FREE CASH FLOW. I PARTICULARLY LIKED THE WAY THE AUTHORS LOOK AT CORPORATE FAT

This book lays the foundation for making money in the markets. It is clear and to the point. The only book you really need.

I BOUGHT THIS BOOK 5 YEARS AGO. WHILE I MISSED OUT ON MANY STOCKS THAT DOUBLED, I ALSO ESCAPED STOCKS THAT FELL IN HALF-OR MORE. I HAVE TURNED IN VERY CONSISTANT RETURNS OVER A LONG PERIOD OF TIME-WHAT'S WRONG WITH 27% PER YEAR?

THIS IS MY OPINION ONLY! Free Cash Flow Security Analysis as outlined, described and practiced according to this book is not a practical methodology to make money in the real world of the current stock market. In the current stock market environment it simply does not work! Valuation of stocks must be relative to the company's growth rate of free cash flow AND REPORTED EARNINGS PER SHARE. Also, debt analysis is not a worthwhile endeavor in the current market environment. THIS IS MY OPINION ONLY!

I lost money following the investment advice in this book - DO NOT BUY THIS BOOK!

I am very disappointed with the investment advice and methodology as recommended in this book. A friend recommended I read it and I tried following the Free Cash Flow philosophy as espoused by Mr Hackel. I lost money! Buy growth stocks - in the long run you will make a lot more money in the market with growth stocks than with Free Cash Flow Security Analysis.

I re-read sections of this book on cash flow analysis and found it much less useful than 5 years ago when I read the first edition. The market does not care anymore about smaller high free cash flow and low debt companies.

I buy growth stocks - not small to mid-cap deep value basic industry cyclicals. Buy Growth not Value! FREE CASH FLOW ANALYSIS DOES NOT WORK ANYMORE!