Valuation: Measuring and Managing the Value of Companies, Third Edition (University Edition)

Book Description

Completely Updated, Over 200,000 Copies Sold!
"A 'how-to' guide for corporate executives who want to get at the unrealized shareholder values trapped in public companies." -New York Times
THE #1 guide TO CORPORATE VALUATION IS NOW BETTER THAN EVER!
"The book's clarity and comprehensive coverage make it one ofthe best practitioners' guides to valuation." -Financial Times
"Should serve very well the professional manager who wants to do some serious thinking about what really does contribute value to his or her firm and why." -The Journal of Finance
"Valuation is like a Swiss army knife . . . you will be prepared for just about any contingency." -Martin H. Dubilier, Chairman of the Board, Clayton & Dubilier, Inc.
"This book on valuation represents fresh new thinking. The writing is clear and direct, combining the best academic principles with actual experience to arrive at value-increasing solutions." -J. Fred Weston, cordner Professor of Money and Financial Markets, Graduate School of Management, UCLA

System Requirements:
Pentium II PC or greater
Windows 98 or later
128MB RAM
20MB Hard Disk Space
Excel 97 / 2000 (Alone or part of Office 97 / 2000) w/Report Manager & Analysis ToolPak installed and enabled.
( Note: Formulas & Computations are not guaranteed in later versions of Excel)
Video Display: 800 x 600 recommended

Customer Reviews:

Good intro but that is it.......2007-08-03

This is a good intro to give the basics of valuation for "old economy" businesses. It determines the valuation of companies based almost exclusively on their cash flow over the previous few years to the analysis. Unfortunately it ignores too many issues that play an extremely important role in valuation. For example, the quality, background, knowledge of management, the products the company manufactures, the markets for these products, macroeconomic conditions, intellectual property, market position (i.e., oligopolistic? Is entry/exit difficult in the industry?). Not one of these issues is even touched upon!!! The authors seem to be implying that these issues are irrelevant!! Only the cash flow over the previous few years applied forward (i.e., discounted for present value) matters according to the book!!! Perhaps this type of mentality explains why the overwhelming majority of mergers and acquistions fail!!!!

Nothing spectacular.......2006-04-03

Unfortunately, for all the name brand that this book conveys, I think the cover seems to be the most intriguing part. There are much better ways for book peddling and the fact that a firm such as McKinsey allowed their name on the title of a book for the sake of a few sales, boggles this readers mind. The subject matter seems to be along the lines of the bull session with all bull and no session. No actual quantitative analysis is used throughout the book, and if anything more than an encyclopedic definition is learned from this book, I would be astounded. Save some money and go search online for some basic books on beginning valuation. By the way, those giving 5 stars either can't read English very well or are shills for McKinsey.

Waste of Time.......2005-04-12

Any book by Damodaran is far better for business managers and portfolio managers.

For portfolio managers, estimating the cash-flows is a small part of the valuation process, the easiest. As the financial field and practice is becoming more and more quantitative, the cutting edge of asset pricing is to estimate time-varying risk premiums. Actually, almost 90% of variation in stock prices come from risk shifts, not from news on company cash-flows.

If you are interested in asset pricing i would suggest a mix of damodaran (20%) and "Asset Pricing" by John Cochrane (80%).

Good but bad Excel support.......2004-01-29

I liked this book. In Russia it is one of the most popular books on valuatuion. But when I can get the perfect excel support for Investment Valuation by Aswath Damodaran or good web support for Valuation Methods and Shareholder Value Creation by Pablo Fernandez, I ask the authors, why don't they put supporting material in disk? I think that the price of their sowtware ($94.50) is too high compairing with the book ($56 with discount), because there is no supporting materials - only 1 spreadsheet (from my point of view does not conform to McKinsey, as the leader of consulting business). I hope, for the 4-th edition we will have a good excel support.

User-unfriendliness at its best.......2003-01-11

Hmm I wonder if those giving this book five stars actually work for McKinsey. As a practioner, I don't know anyone in the industry who has actually read this book. It looks impressive on the bookshelf, but the content is anything but impressive. A lot of topics are covered, but each one only superficially and the writing is extremely dry and boring. I actually found reading this volume *painful*, and I'm supposed to like this stuff since I do it for a living! My advice for any potential buyer is read a few chapters first before you shell out for it.

Book Description

The test of any performance system is how well it affects behavior. The systems described herein have a profound impact on the behavior of managers throughout financial depositories in areas such as origination, servicing and brokerage product-line operating units, deposit-gathering branches, portfolio managers, and origination sales offices. Also included is a system to evaluate local marketing and promotion campaigns. The theory behind the systems is explained along with a description of how they are developed and implemented.

Book Description

This work gives the principles by which boundary value problems describing geophysical models can be converted into integral equations. It introduces Fredholm integral equations in a physical rather than mathematical approach.

Geophysical Interpretation Using Integral Equations

Average customer rating:

Geophysical Interpretation Using Integral Equations
Lauri Eskola
Manufacturer: Kluwer Academic Publishers
ProductGroup: Book
Binding: Hardcover
ASIN: B000MUVWR8

Customer Reviews:

Very good book. Very helpful........2005-04-08

Dr. Dressler did an excellent job in editing this book about the chemical dynamics in extreme environments, covering the areas of this subject in both theories and experiments. The chapters are written by some of the leading experts in the field, and together they will be of great interest to experts and newcomers, both of whom will benefit from the in-depth discussions of the latest models, methods and results. The whole book is informative and organized. 5 stars.

Average customer rating:

Hannibal Hamlin's Stomach Spoke to Me from the Ether and Mentioned that the Denizens of the Afterlife prefer Colgate to Crest.

The Mammoth Book of New Comic Fantasy: A Dazzling New Collection of Comic Fantasy Masterpieces from Esther Friesner, Neil Gaiman, Tom Holt, Paul di Filippo, Adam Roberts, Molly Brown and Many More...

Manufacturer: Carroll & Graf
ProductGroup: Book
Binding: Paperback

Comic | General | Literature & Fiction | Subjects | Books
Ashley, Mike | ( A ) | Authors, A-Z | Science Fiction & Fantasy | Subjects | Books
Anthologies | Fantasy | Science Fiction & Fantasy | Subjects | Books
Contemporary | Fantasy | Science Fiction & Fantasy | Subjects | Books
General | Fantasy | Science Fiction & Fantasy | Subjects | Books
General | Science Fiction | Science Fiction & Fantasy | Subjects | Books
Similar Items:

The Mammoth Book of Awesome Comic Fantasy

The Mammoth Book of Comic Fantasy II (Mammoth Book of)

Mammoth Book of Seriously Comic Fantasy (Mammoth)

Making Money (Discworld Novels)

The Mammoth Book of Sorcerers' Tales : The Ultimate Collection of Magical Fantasy from Tom Holt, Ursula K. LeGuin, Michael Moorcock, Peter Crowther, Louise Cooper, and many more

ASIN: 078671574X

Book Description

Mike Ashley is back with an all-new edition of one of the bestselling Mammoth Books ever, from the funniest writers in the field, including Neil Gaiman, Tom Holt, and Terry Jones. The thirty- five off-the-wall comic fantasies featured in Ashley’s new collection are a mix of specially written stories and hard-to-find gems: a computer salesman in fairyland, a vampire football match, a psychotic Father Christmas, and a wizard allergic to magic. Ashley expertly turns fantasy and horror fiction on its head and magic into mayhem. This is huge fun for all comic fantasy fans.

Customer Reviews:

Hannibal Hamlin's Stomach Spoke to Me from the Ether and Mentioned that the Denizens of the Afterlife prefer Colgate to Crest........2006-05-28

Into the gorge/I hardly stand it/This awful book/no likely bandit/I'll take in rapscallions, bickers, and moffs/but Mike Ashley must lop his unbid skull OFF!

Thanks to Tony the Tiger, Snap, Crackle, Pop, and Mikey the Cinnamon Life boy for the inspiration.

The Mammoth Book of Awesome Comic Fantasy (Mammoth Books)

Average customer rating:

Wonder? Breed? How Foul is your Seed??
A refreshing, laugh out loud book...
One more in a series of ... books

The Mammoth Book of Awesome Comic Fantasy (Mammoth Books)

Manufacturer: Carroll & Graf
ProductGroup: Book
Binding: Paperback

Comic | General | Literature & Fiction | Subjects | Books

Contemporary | General | Literature & Fiction | Subjects | Books

Literary | General | Literature & Fiction | Subjects | Books

Anthologies | Fantasy | Science Fiction & Fantasy | Subjects | Books

General | Fantasy | Science Fiction & Fantasy | Subjects | Books
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ASIN: 0786708670

Book Description

With the hilarious "Happy Valley," a story originally written by John Cleese and Connie Booth for Monty Python's Flying Circus, this third volume in an extraordinarily popular Mammoth Book series gets off to a suitably silly start. It continues merrily apace with "Attack of the Charlie Chaplins" by Garry Kilworth, visits "The Strawhouse Pavilion" by Ron Goulart, and takes in "A Bad Day on Mount Olympus" with Marilyn Todd. Along the way it introduces Esther Eisner's "Gunsel and Gretel" and Cherith Baldry's "Broadway Barbarian" and renews acquaintance with F. Anstey's "Ferdie." It bemuses as well as amuses with "A Case of Four Fingers" concocted by John Grant, not to mention "The Absolute and Utter Impossibility of the Facts in the Case of the Vanishing of Henning Vok" from Jack Adrian. And before this wildly comic romp ends, it discovers "Math Takes a Holiday" (Paul Di Filippo) and "Mother Duck Strikes Again" (Craig Shaw Gardner). Fantasy finds broad definition in this wackily comic tour. While some of the stories approach the domain of science fiction, others are lodged in an everyday reality. None of them, though, fails to entertain. Together, the more than thirty selections -- thirteen of them brand-new and the balance of them often rare finds or forgotten gems -- provide a fresh sampling of comic genius in the sphere of fantasy fiction and a wide range of tales to suit every taste in humor.

Customer Reviews:

Wonder? Breed? How Foul is your Seed??.......2006-01-05

What to expect from "The Mammoth Book of Awesome Comic Fantasy"--a mosaic of waggish rogues and wayward wizards, misinformed planet-skippers, and would-be assassins in the grain...and from the skies. I recommend reading the book starting with the hyperactive final tale, "You'll Never Walk Alone Again"; its frenetic rhythm demands your perception be sharply angled! "Put Down that Universe!" is the second-to-last tale and features characters equally extraordinary and intriguing. Other meritorious additions: "Dragonet", "Nothing in the Rules", "How Much Would You Pay?","Math Takes a Holiday", "Polly Put the Mockers On", and "The Absolute and Utter Impossibility of the Facts in the Case of the Vanishing of Henning Vok"...On the flip side, skip "Ferdie", "Milord Sir Smiht...", "Touched By a Salesman", "The Swords and the Stones", "Fair Weather Fiend" and "Mother Duck Strikes Again". TEDIOUS!! Overall, great book...

A refreshing, laugh out loud book..........2003-01-05

Genuinely humorous books just don't pop up like they used to, so it's a breath of fresh air to finally find one that does it all right. Instead of overwhelming you with a novel claiming to be funny, but only supported by spots of humor tossed in at random, few and far between, intervals, this book simply tosses you a wide range of diverse, yet equally hilarious stories to read as you please. A perfect book for the most casual up to most die hard reader of both humor as well as fantasy. Doused in clever, quick witted humor ranging from dark to bold; this book is perfect whenever you need a good laugh!

One more in a series of ... books.......2001-08-04

What is with these British anthologizers? How perverse a talent it is to find short, comedic stories which are not funny. Sweet merciful heavens this guy found a John Cleese story that was tedious. Imagine how hard you must work to find a tedious John Cleese anything. At least in this volume you can tell that most of the authors were trying to be at least a little funny.

The Mammoth Book of Comic Fantasy II (Mammoth Book of)

Average customer rating:

Juxtaposition Rank: Utter Despair in the Semi-Literate P.M.
Giggles and guffaws

The Mammoth Book of Comic Fantasy II (Mammoth Book of)

Manufacturer: Carroll & Graf Publishers
ProductGroup: Book
Binding: Paperback

Comic | General | Literature & Fiction | Subjects | Books

Satire, General | Humor | Entertainment | Subjects | Books

General | Fantasy | Science Fiction & Fantasy | Subjects | Books

Historical | Fantasy | Science Fiction & Fantasy | Subjects | Books
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ASIN: 0786706945

Book Description

Brand-new stories and comic classics fill the 500-plus pages of the sequel to the popular Mammoth Book of Comic Fantasy.

Bungee-jumping demons, mad Magi, seafaring aliens, and a tricky wizard who leaks to the press populate this new collection of magic and mayhem from fantasy's funniest, wackiest writers, among them Harlan Ellison, Ambrose Bierce, Neil Gaiman, Craig Shaw Gardner, Harry Harrison, Tom Holt, and many more. Here are the madcap fantasies of "The Case of the Four-and-Twenty Blackbirds," "A Slow Day in Hell," "The Case of Jack the Clipper," "The Shoemaker and the Elvis," and other tales to delight, amuse, and, confuse fantasy fans.

Customer Reviews:

Juxtaposition Rank: Utter Despair in the Semi-Literate P.M........2006-05-28

A puzzled demeanor paves the road towards less-than-ebullient dissatisfaction. I don't care if the reader of this review spends his/her money on DVD collections of "Desperate Housewives", "Grey's Anatomy" or "Joey"--the lot shall be cast into the foul breath with mechanical precision when the red bulb becomes illuminated--but I must protest the curiousity flittering around Mike Ashley's compilations. This collection isn't appropriately creative to be deemed as absurd. I'm an eccentric fellow who cannot condone a bowl of cereal unless the contents of the bowl are a mixture of disparate palates, so I can appreciate a guffaw (why not?? lately, the comparisons being proclaimed by the spawn of pacers balancing my outrageously, outlandish supervillainous hyena exhalation and the trademarked sociopathic titter of Batman's #1 [self-proclaimed] foe have begged examination). However, this book belongs in the dungheap. Perhaps my meager scope of comprehension prohibits me from a total self-elucidation of the rationale behind publishing such a pestiferous tooth-stainer of literature, but I shall rest comfortably knowing that the book shall be fettered to the shelves collecting not accolades, but DUST.

By the by, homewreckers, scroll down my list of reviews and you shall acknowledge that less than a year ago another Mike Ashley compilation was criticized very favorably. Yes...obviously, the missing piece of this diabolical sphinx shall be enshrouded eternally...

Giggles and guffaws.......2000-05-12

I love comic fantasy, so was looking forward to this collection very much. I was *not* disappointed! From 'Neander-tale' (why not to make fun of the weird guy) to 'The Outpost Undiscovered By Tourists' (a new twist on the three kings), you'll enjoy yourself tremendously. Good for many hours of grins and giggles...

Mammoth Book of Seriously Comic Fantasy (Mammoth)

Average customer rating:

WARNING _ Same book, different title!!!

Mammoth Book of Seriously Comic Fantasy (Mammoth)
Mike Ashley
Manufacturer: Constable and Robinson
ProductGroup: Book
Binding: Paperback

Anthologies | Genre Fiction | Literature & Fiction | Subjects | Books

ASIN: 1841190896

Customer Reviews:

WARNING _ Same book, different title!!!.......2005-11-03

When I received this book ("Seriously Comic Fantasy"), I thought the stories looked familiar. They are. The contents are IDENTICAL with my copy of "Mammoth Book of Comic Fantasy II". The difference is that CFII was published by Carroll & Graf in NY, while Seriously Comic Fantasy was published two years later by Constable Publishers in London with the same cover but different title.

If you already have CFII, be warned!!!

Average customer rating:

Some great stories, some terrible... most in-between
Dirt Bunko, The Imprisoned Pigeon that Ate a C-Note and Pooped Out Two Bits
Two or three good stories can't save this book...
A good, long collection, but nothing outstanding.

The Mammoth Book of Comic Fantasy

Manufacturer: Carroll & Graf Publishers
ProductGroup: Book
Binding: Paperback

Comic | General | Literature & Fiction | Subjects | Books

Anthologies | Genre Fiction | Literature & Fiction | Subjects | Books

Satire, General | Humor | Entertainment | Subjects | Books

Anthologies | Fantasy | Science Fiction & Fantasy | Subjects | Books

General | Fantasy | Science Fiction & Fantasy | Subjects | Books

General | Foreign Languages | Reference | Subjects | Books
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ASIN: 0786705337

Customer Reviews:

Some great stories, some terrible... most in-between.......2006-04-15

This is one of the many, many volumes in Carroll & Graf's "Mammoth" series of short fiction compendiums. (Other volumes have held mysteries, vampire stories, Sherlock Holmes stories and many, many other subjects.) Basically, it's 500 pages of comedic fantasy, sci-fi and horror tales, and as you would have to expect with a book of this sort, the quality varies wildly. Some -- such as Tom Holt's "Pizza To Go," Neil Gaiman's "Shoggoth's Old Peculiar" and R.A. Lafferty's "Been a Long, Long Time" are fantastic reads. Others are almost painful in their lack of humor. Most fall somewhere in that gray area in-between. As someone who likes reading anthologies in the hopes of finding new authors, it was worth a read for me, and I've already read one of the three sequels (The Mammoth Book of Comic Fantasy II). I intend to pick up the other two (The Mammoth Book of Awesome Comic Fantasy and The Mammoth Book of New Comic Fantasy) as well -- I expect those, like the other two, will vary in quality, but to me it's worth slagging through some of the boring stories to find the gems.

Dirt Bunko, The Imprisoned Pigeon that Ate a C-Note and Pooped Out Two Bits.......2006-01-11

MISSED!!! One good story...the last one. Isn't that typical? The stories don't hold you and the yawns will paralyze your jaw. WORK YER NECK MUSCLES 'CUZ YOU'LL BE A-SHAKIN' YOUR SKULL "WHY GOD WHY" IF YA READ THIS BOOK!!! Ashley, you schmuck.

Two or three good stories can't save this book..........2001-02-09

I love Fantasy. I love Comedy. I saw this and thought "This is the book for me!"

No.

A couple of bright spots (Neil Gaiman's and Terry Pratchett's stories, both of which I believe are available elsewhere) aren't quite enough to save this wheezing collection. Many of the stories aren't particularly funny at all, they just aren't serious High Fantasy. Others are just groaningly bad. Reading the first story, "Peregrine: Alflandia" by Avram Davidson, made me feel like I was trapped next to a particularly stupid and obnoxious person on a plane. Maybe that was the "funny" part, but if so that's the kind of comedy I can live without. Most of the rest of the stories were better, but too many are better by too little.

Maybe the editor's sense of humor is just much different from mine, but something tells me that that is probably not so. I'll say it just in case I've missed something that's readily apparent to everyone but me, though. I personally would stay away from this one.

A good, long collection, but nothing outstanding........1998-10-05

Upon seeing this in a bookstore my reaction was "hmm... this looks pretty damn good", and upon seeing it contained a Pratchett short (one I already have admitedly) I thought 'hmm... couldn't be too bad' and purchased it. I had pretty high expectations and to be honest it didn't meet them- but I did still like the collection. I wouldn't really describe this personally as a humourous collection- there were *very* few 'laugh out loud' moments. I would however describe it as a comical collection. Depending on your tastes you might enjoy it better than I- but personally I think as a humourous collection it fails, but just as an interesting anthology with a sense of the comical it was a decent read- there were very few stories that were actually outstanding, but even less that were below par- it just kind of skims along.

Average customer rating:

THE MAMMOTH BOOK OF COMIC FANTASY
Mike (editor), H.P. Lovecraft (related), Terry Pratchett, Avram Davidson, Richard Lupoff, Peter Cannon, Neil Gaiman et al Ashley
Manufacturer: Carroll & Graf
ProductGroup: Book
Binding: Paperback
ASIN: B000P0XI1S

Average customer rating:

The Mammoth Book of Comic Fantasy II

Manufacturer: Carroll & Graf
ProductGroup: Book
Binding: Hardcover
ASIN: 0739407147

Average customer rating:

Mammoth Book of Comic Fantasy II
Mike Ashley
Manufacturer: CARROLL & GRAF * PUBLISHERS
ProductGroup: Book
Binding: Hardcover
ASIN: B000WUMBXM

The Mammoth Book Of New Comic Fantast (Fourth All New Collection 2005)

Average customer rating:

The Mammoth Book Of New Comic Fantast (Fourth All New Collection 2005)

Manufacturer: Carroll and Graff
ProductGroup: Book
Binding: Hardcover
ASIN: 0739457861

Product Description

A dazzling collection of comic fantasy masterpieces from Esther Friesner, Neil Gaiman, Tom Holt, Paul di Filippo, Adam Roberts, Molly Brown and many more. Once again Ashley has triumphantly replaced 'grim' with 'grin' in the classic fairy tale with his fourth delectable mammoth collection of the very best in comic fantasy. Here are 32 more short story gems, from the wickedly droll to laugh-out loud funny, by some of the finest names in the genre, including Neil Gaiman, Robert Sheckley, Poul Anderson, Gordon R. Dickson and Esther Friesner."

Average customer rating:

Mammoth Book of Comic Fantasy
Mike Ashley
Manufacturer: CARROLL & GRAF * PUBLISHERS
ProductGroup: Book
Binding: Hardcover
ASIN: B000WUEEWS

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