Stock picking : the 11 best tactics for beating the market

목차 (Table of Contents)

• CONTENTS
• Preface = xi
• Acknowledgments = xiii
• 1. Value Investing = 1
• Approaches to Value Investing = 1
• Why Companies Are Undervalued = 5
• Price-Earnings Ratio Analysis = 6
• Using Cashflow and Other Criteria to Determine Value = 9
• 2. Cashing In on Corporate Cashflow = 20
• Cashflow Analysis = 21
• Just What Is Cashflow? = 23
• Getting Information on Cashflow = 24
• Putting Cashflow to Work = 25
• Potential Future Winners = 34
• 3. Small-Cap Gems = 36
• Big Stocks versus Small Caps = 36
• Picking Small Caps = 39
• Some Small-Cap Gems = 40
• Your Turn = 54
• 4. Strategic Industry Investments = 55
• Industry Analysis : An Essential Part of Your Investment Strategy = 55
• Acquisitions and the Banking Industry = 61
• Evaluating the Prospects of Insurance Industry Stocks = 64
• Investing in Service-Oriented Companies : Mail Boxes Etc = 65
• Investing in Other Firms That Service Unique Needs = 67
• Making Your Strategic Industry Investments = 70
• 5. Stock-Split Specials = 72
• All about Stock Splits = 72
• A Case in Point : Philip Morris = 79
• The Gaming Industry = 81
• Check Out the Fundamentals = 82
• Case Study : Supercuts = 83
• Case Study : Disney = 83
• Case Study : Marriott = 85
• Case Study : Bard = 87
• Case Study : Tambrands = 88
• Case Study : Safety-Kleen = 89
• Case Study : Merck = 90
• Stock Split Investing and Insider Trading = 91
• 6. Cyclical Stocks = 93
• Purchasing Cyclicals : Going against the Flow = 93
• A Case in Point : Chrysler = 95
• Do Your Homework = 96
• Another Case in Point : Phelps Dodge = 97
• Investing in Aluminum = 97
• Selling Short = 98
• Case Study : Burlington Northern = 101
• Case Study : Union Carbide = 102
• Case Study : Phillips Petroleum = 104
• Case Study : Worthington Industries = 105
• Case Study : Magma Copper = 105
• Case Study : OEA = 106
• Some Points to Keep in Mind about Cyclicals = 107
• 7. Spin-Off Successes = 108
• Why Companies Undertake Spin-Offs = 108
• Seeking Spin-Offs in Unlikely Places = 109
• Spin-Offs and Initial Public Offerings = 110
• Misconceptions and Realities Regarding Spin-Offs = 111
• Spin-Offs Come in a Variety of Sizes = 112
• Research on Spin-Offs = 113
• York International : A Successful Spin-Off = 116
• Intelogic Trace : A Less-Than-Successful Spin-Off = 117
• You Need to Continually Assess What's Happening = 118
• Investing in Spin-Offs = 120
• Goodstein on Spin-Offs = 123
• Selling Short = 127
• GFC Financial Corporation = 128
• Your Turn = 128
• 8. Defensive Stocks = 130
• Falling Back on Utilities = 130
• Pick Companies with Little or No Debt = 135
• Choose Convertibles = 136
• Pick Companies That Have Been Around = 137
• Look for Companies That Provide Services and Support to Other Companies = 139
• Choose Drug-Related Companies : Arbor Drugs = 141
• Make Your Choice on the Basis of Demographics : American Greetings = 142
• Some Final Advice = 143
• 9. Tempting Turnarounds = 145
• What Is a Turnaround? = 145
• Why the Turnaround Is a Good Deal for the Individual Investor = 147
• As Always, Do Your Homework = 147
• Keep a Careful Eye on Management = 153
• Three Important Variables to Assess = 158
• Successful Turnarounds = 158
• Current Turnarounds = 162
• Your Choice = 165
• 10. Total-Return Candidates = 167
• Focus on Buying Common Stocks = 168
• Bonds versus Stocks = 168
• Buy High-Yielding Stocks = 170
• The Yacktman Fund Approach = 171
• Use Increasing Dividends as an Indicator = 173
• Other Companies with Total-Return Potential = 175
• 11. The Facts behind the Theories = 179
• Presidential Election Theory = 180
• Fashionable Stock Gains = 181
• Play Ball = 183
• They're Off and Running = 184
• Super Bowl : Bonanza or Buffoonery = 185
• The Times, They Are A-Changin' = 188
• Holiday Treats = 189
• Autumn Leaves Drop = 189
• Summer Sizzle? = 190
• The January Effect = 190
• Benefiting from the January Effect = 192
• Cycling to Profits = 194
• A Bevy of Other Theories = 195
• Glossary = 199
• Index = 205