Customer Reviews

Select Winning Stocks Using Financial Statements

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

 

 

Richard Loth demystifies financial analysis, even for those without financial training or background. For anyone seriously interested in improving their ability to study companies and pick stocks using fundamental information, this book is essential.

One of the worthwhile things about this book, which serves as a pretty decent introduction to financial statements, is its treatment of the DIFFERENT types of statements for retailers/manufacturers, banks and utilities. I'm not aware of any other book for beginners which offers guidance towards the distinction between the three. But since the author took the trouble to detail these, one wonders why he didn't also discuss insurance companies as a separate entity, especially since utilities have offered less capital appreciation potential to investors in recent years.

This book is written for the lay investor, not for the professional. It is easy to read and understand, and offers great assistance to the investor who uses financial statements in evaluating and comparing companies. The forms presented help organize the important data in an easy-to-follow manner. This is a worthwhile book for every serious individual investor.

Effective annual reports rank at the top of the valuable research tools for both individual and professional investors. Investors wil learn how to mine all the nuggets of value from annual reports by reading Richard Loth's new book. Companies are advised to read the book as well to better understand the information that matters in making an investment decision.

A good overview of walking through a standard financial statement. Covers the balance sheet, statement of income, and statement of cash flows, along with some analysis and specifics on banks and utilities.

My big gripe? It has a model spreadsheet at the back that you can use to help do your own analysis, but I found several typos in the formulas. A gripe that makes this less than a perfect book.

This is a good book and I glad I bought it. Mr Loth does a good job of covering the finanical statements in a non complicate fashion. After all acounting is not that complicated. It is only made complicated when people want to hide things.

There is one MAJOR SHORTCOMING. NOTHING ABOUT THE ACCOUNTING FOR STOCK OPTIONS. This is the reason the book is only a 3 star inside of a 4 star. I guess in Mr Loth world stock options do not exist.