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VIS2

VIS2

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Published by currygoat

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Categories:Types, Business/Law
Published by: currygoat on Apr 10, 2012
Copyright:Attribution Non-commercial

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04/10/2012

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Summary of Search
Search
(Look systematically for undervaluation)
ow , ,Growth
DisappointingRtns
Institutional
Obscure
Undesirable
Supply-Demand
Value
Psycho
LogicalRationale
ReviewManage Risk
1
 
Value Investing the Approach
Search
(Look systematically for undervaluation)
Value
ReviewManage Risk
2
 
Valuation Approaches –Ratio AnalysisCash Flow MeasureMultiple
x
 
Earnings
(Maint. Inv. = Depr + A)
Depends on:
Economicosition
EBIT
(Maint. Inv. = Depr + A; Tax =0)
 Cyclical situation
EBIT -A
(Maint. Inv. = Depr only)
LeverageMgmt. Quality
EBIT-DA
(Maint. Inv. = 0)
Cost of Capital (Risk)Growth
Rane of Error 100%+
3

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