|  | Authors: McKinsey & Company Inc., Tim Koller, Marc Goedhart, David Wessels
Publisher: Wiley
List Price: $85.00
Buy New: $40.95
as of 11/23/2009 07:51 CST details
You Save: $44.05 (52%)
New (49) Used (25) from $34.94
Seller: nysantosh
Rating:  26 reviews
Sales Rank: 29159
Languages: English (Original Language), English (Unknown), English (Published)
Media: Hardcover
Edition: 4
Pages: 768
Number Of Items: 1
Shipping Weight (lbs): 3.2
Dimensions (in): 10 x 7.1 x 1.7
ISBN: 0471702188
Dewey Decimal Number: 658.15
UPC: 723812727360
EAN: 9780471702184
ASIN: 0471702188
Publication Date: June 8, 2005
Availability: Usually ships in 1-2 business days
Condition: Mint condition, bought but never used. No wear, notes or markings on pages - dust jacked shows minimal wear.
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| Customer Reviews:
Showing reviews 6-10 of 26
 Valuation Review September 30, 2008
Justin Diamond (Florida, USA)
1 out of 10 found this review helpful
The delivery took three times as long as Amazon promised and the book was damaged when I recieved it. Also, it was missing content (i.e. End of chapter questions.)
 Excellent September 30, 2008
dalharp (Bangalore, India)
1 out of 7 found this review helpful
This was the first time i purchased a book online. Transaction was simple and services were prompt.
The CD mentioned in the summary is disappointingly not included with this book.... May 14, 2008
Pixieby (Chicago, IL)
2 out of 3 found this review helpful
The book itself is excellent and exactly what I was hoping for.
Amazon Customer services assured me that the CD was included and even sent me a second copy but there was no CD again..... I thought it was too much of a bargain to be true...and it was !! I will scrutinise the summary more diligently next time ;)
Good read but brush up on your math May 11, 2008
A. Gundrum (Pennsylvania)
2 out of 3 found this review helpful
I found this book to be a great read in learning about all the various aspects that go into the valuation of a company. It does a great job of making you look at what makes a company tick and how it affects a valuation.
The base of the book is the DCF (Discounted Cash Flows) model. It describes many of the formulas used. I am not a math major or anything so many of them were over my head. The authors did a good job of describing the formulas but if you don't have a good solid foundation it will take a while to break down the formulas.
I did come across many areas in the book that justifies any kind of forecasting is mediocre at best. It's not an exact science and any kind of model is just that - a model of a perfect world. The world is not perfect but perhaps a DCF model is the closest you'll get to being real in a perfect storm.
 Useless May 8, 2008
Amazonian
16 out of 23 found this review helpful
People buy this book to evaluate companies and make investment decisions, don't they? If that's most of the readers' goal, this book is pretty much useless.
The calculation of net present value (NPV) of companies is purely a concept, which sounds great but impossible to accurately capture quantitatively using a formula.
The difficult is in evaluating stable future cash flow, not on how to calculate the NPV. The evaluation of future cash flow depends on the history of a company, and much more importantly, on the company's business model, the management team, etc. Neither of these are clearly emphasized or discussed in this book. For example, R&D generates future cash flow, but should all R&D be treated equal? More leverage of a wise management is a great thing, but when is leverage good or bad?
If you are into value investing, read Graham's The Intelligent Investor. If you are a pro, read Graham and Dodd's Security Analysis 10 times. Fisher's Common Stocks and Uncommon Profits, albeit old, is also a much more useful reading than this one.
Showing reviews 6-10 of 26
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