Applied Value Investing The Practical Application of Benjamin Graham and Warren Buffett's Valuation Principles to Acquisitions, Catastrophe Pricing and Business Execution

Name: Applied Value Investing The Practical Application of Benjamin Graham and Warren Buffett's Valuation Principles to Acquisitions, Catastrophe Pricing and Business Execution
Price: 62.27 USD
Availability: InStock
ISBN: 9780071628181

ISBN-10: 0071628185

ISBN-13: 9780071628181

Edition: 2009

Authors: Joseph Calandro

List price: $66.00

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Book details

List price: $66.00
Copyright year: 2009
Publisher: McGraw-Hill Education
Publication date: 8/14/2009
Binding: Hardcover
Pages: 304
Size: 6.40" wide x 9.30" long x 0.98" tall
Weight: 1.298
Language: English

Joseph Calandro, Jr., is the enterpriserisk manager of a global financialservices firm. He previously taught value investingand risk management courses in theMBA program at the University of Connecticutand worked as a financial managementconsultant with IBM Global Services.



Preface


Acknowledgments



The Basics and Base-Case Value


Introduction


Base-Case Valuation


Conclusion



Base-Case Value and the Sears Acquisition


Introduction


The Rise and Fall of Sears


Valuing Sears


Postacquisition Performance



Franchise Value and the GEICO Acquisition


Introduction


GEICO


Valuing GEICO


Postacquisition Performance


Appendix: Estimating GEICO's Discount Rate



The Gen Re Acquisition and Franchise Risk


Introduction


Gen Re and the Business of Reinsurance


Valuing Gen Re


Postacquisition Performance


Conclusion


Appendix: Assessing the Risk of M&A



Macroanalysis, Opportunity Screening, and Value Investing


Introduction


Business/Boom-Bust Cycles


The Eight Stages of a Business Cycle


Recovery


The "New Economy" Business Cycle


New Economy Recovery


Post New Economy Business Cycle Activity


Conclusion



Warren Buffett and Efficient Market Theory



A Practical, Reflexive Fundamental Proxy



Enron



A Graham and Dodd-Based Approach to Catastrophe Valuation


Introduction


Background


Valuation


Postmortem and Guidelines


Conclusion and a Word on Catastrophe Bonds



Financial Strategy and Making Value Happen


Introduction


Strategy Formulation


Resource Allocation


Performance Management


Risk


Financial Strategy


Conclusion


Conclusion


Introduction


Screening


Initial Valuation


NAV Adjustments


EPV Assumptions


Franchise Validation


Growth Valuation


Final Valuation


Conclusion


Resources


Endnotes


Index