Most Helpful Customer Reviews
78 of 82 people found the following review helpful:
5.0 out of 5 stars
So good I paid retail at the bookstore..., September 27, 2002
Let me be honest about my biases. I strongly prefer technical analysis when it comes to analysing stocks. Price is determined by PERCEPTIONS about fundamentals. By studying price and volume, the chartist can understand what the general market sentiment is regarding these fundamentals, and figure out, with a reasonable degree of confidence, which stocks to buy, and which to sell. With enough capital, skill, and the discipline to cut inevitable losses, you can make money. Despite the benefits of technical analysis, I can see the value (no pun intended) in understanding the fundamentals on their own. Fundamentals complement the technicals, and any rational investor will compare market action with fundamental data to come to a profitable conclusion. My problem: I've tried to read various books on fundamental analysis, but most put me to sleep. This book is different. It is packed with solid, step-by-step directions on how to perform your own fundamental analysis. Tips include screening for candidates, determining a stock's current valuation, setting a target price, and how to determine if the company is a potential Enron or Kmart. This is far from an exhaustive list of what you will learn. Best of all, these techniques have been taken from money managers with a track record of beating the S&P, from Richard Dreihaus to the infamous short seller Jim Chanos. Domash provides a highly readable, useful, and important book for the intelligent stock investor. Whether you are an investor or a trader, you will understand how those who move the markets tend to think. Read it if you want to make money.
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43 of 46 people found the following review helpful:
5.0 out of 5 stars
A thorough, organized method of stock analysis, November 4, 2002
In clear prose, Harry Domash lays out a concise step-by-step guide to evaluating and analyzing growth and value stocks. I had no intentions of buying a book when I entered the store, but after looking over this book I was compelled to buy it. Yes! Another one who gladly paid retail. In only a week's time the pages are dog-eared and highlighted. Mr. Domash covers in depth each of the tools you need to find and evaluate good stocks. Not only does he cover the topics you'd expect a book like this to cover--profit margins, ROE and ROA, and inventory and A/R analysis--but he also gives you tools to look at the quality of a company's management, whether it has a solid business plan and whether it's a candidate for bankruptcy, but also some technical analysis tools too. He doesn't stop there though. "Fire Your Stock Analyst!" also gives you a complete tutorial on how you would go about using all the tools he provides to analyze growth stocks and value stocks. Moreover, he shows you exactly where to find all the information you need. And gives you a useful, rational method for valuing the stock, i.e., determining a price to buy at and fixing a target price. This is as complete a process as you could hope to find. Again, the book is well worth the price at retail--and a steal at the discount being offered here!
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17 of 17 people found the following review helpful:
5.0 out of 5 stars
Solid guide to fundamental analysis, September 18, 2006
This review is from: Fire Your Stock Analyst: Analyzing Stocks On Your Own (Paperback)
This book will help you to evaluate and decode the stock information available on free financial websites likeYahoo! Finance and MSN Money. This is a thick book, very detailed and in-depth, with tons of useful information to help you can find the stocks that will generate solid returns. For example, Domash explains the difference between Return on Equity (ROE), Return on Assets (ROA), and Return on Capital (ROC). The author is obviously a very experienced stock analyst with a wealth of practical techniques for readers to use.
The main weakness is that Domash never really gives the reader a practical strategy for choosing stocks. He does give a generic "value" and "growth" approach, but never says which approach he uses or why. Also, there are many different kinds of value and growth investing; the strategies he lays out are so generic that they are of quite limited usefulness. Hardly anyone uses a "pure" value or growth approach.
Overall, this is one of the best books available on fundamental analysis, along with Pat Dorsey's FIVE RULES FOR SUCCESSFUL STOCK INVESTING.
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