It's Earnings That Count : Finding Stocks with Earnings Power for Long-term Profits
Author: Hewitt Heiserman Jr.
List Price: $27.95
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ISBN: 0071423230
Publisher: McGraw-Hill Trade (21 November, 2003)
Sales Rank: 14,294
Average Customer Rating: 5 out of 5
Customer Reviews
Rating: 5 out of 5
Mr. Heiserman is a stand up guy!
I had the wonderful opportunity to speak with him, before and after reading the book. I was impressed at the amount of time he took to research and develop his ideas into concrete strategies and examples that everyday investors can use.As the author of the book Futures for Small Speculators and several other books on high-risk investments- I thought that I would find the information rather boring- and treading over the same old tired reasons to buy and hold stocks.
This was never the case. Mr. Heiserman proved to me that the same kind of concentrated effort that I use to trade fast moving markets, can and should be applied to stock picking for the long term.
Buy a copy of this wonderful book if you intend to retire with a decent nest egg.
Noble DraKoln
Liverpoolgroup.com
Rating: 5 out of 5
Must-Read for Every Investor
It's Earnings that Count should be on every investor's bookshelf. Whether you are a seasoned investor with an extensive background in accounting or just a beginner, this book is a must-read. Hewitt Heiserman effortlessly incorporates Benjamin Graham's defensive and enterprising perspectives into one easy-to-use system to determine a company's true earnings power. While these two methods are well known to the avid investor, Mr. Heiserman presents them in a fresh visual perspective, which through example, empowers the reader to not only learn how to discover the next Microsoft, but also how to avoid the next Enron or WorldCom.
Rating: 5 out of 5
Combine Graham & Economic Value Added in one chart
This book describes a fundamental approach to stock selection. It combines the "margin of safety" approach using free cash flow of Graham with the Economic Value Added (EVA) approach of determining returns in excess of its weighted average cost of capital. The author charts these new Defensive EPS and Enterprising EPS so you can see if they meet a minimum test.The book is easy to read and the techniques are easy to apply. The author also gives you some extra ratios to help screen out your long term purchase candidates.
It's not a deeply academic book but more of a presentation of practical advice and a proprietary fundamentalist stock selection system that will keep you out of trouble. The author also discusses how to evaluate management and how to evaluate competitive advantange. These chapters were also good.
There are many interesting examples in the book. The book makes it look simple but I'm sure there are many areas in financial statment analysis where you'll be scratching your head to create these new EPS figures. Still, overall the book is great.
John Dunbar
Sugar Land, TX
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