Benjamin Graham's Net-Net Stock Strategy

Autorentext

Evan Bleker

Klappentext

Graham's net-net stock strategy is just as viable today for small private investors as it was for Buffett's 'superinvestors' during their early careers. Net-net investing remains the most powerful value investing approach a small investor can adopt. This book is your ultimate practical guide to implementing it - and reaping the rewards - in today's markets.

Zusammenfassung
This book is your ultimate practical guide to implementing Graham's net-net stock strategy - and reaping the rewards - in today's markets.

Inhalt

About the Author
Preface

PART 1 WHAT IS NET-NET INVESTING?

1. Net-Net Investing Defined
2. The Detail of the NCAV Formula
3. A Closer Look at Graham's Net-Net Working Capital Formula
4. Why Does Net-Net Investing Work?
5. Why People Avoid Buying Net-Net Stocks
6. How the Penny Stock Prince Could Butcher Your Portfolio

PART 2 THE EVIDENCE THAT NET-NET INVESTING WORKS

7. Eight Lessons from Exceptional Net-Net Stock Studies
8. Three Net-Net Stock Gurus to Model
9. My Own Net-Net Stock Portfolio Returns

PART 3 NET-NET INVESTING METHOD

10. The Net-Net Hunter Scorecard
11. Step-by-Step Stock Selection

PART 4 TACTICS: NET-NET INVESTING BEST PRACTICES

12. My Attitude Towards Money-Losing Net-Net Stocks
13. Past Earnings and Existing Operations
14. How Burn Rate Increases Risk and Reduces Profit Potential
15. Market Cap Don't Assassinate Your Small Investor Advantage
16. How I Sidestep the Problems of Low Liquidity and Large Bid-Ask Spreads
17. Share Buy-Backs Befriend the Cannibals
18. Chinese Reverse Mergers Financial Poison

PART 5 NET-NET CASE STUDIES

19. How Insider Ownership Led Trans World Entertainment to Massive Returns
20. GTSI Corp.'s Soft Catalyst Earned Me 85% in Five Months
21. How Debt Killed Albemarle & Bond Holdings
22. The (Almost) Perfect Net-Net Stock
23. Forgiveness How Improving Fundamentals Caused Me to Bend One of My Core Principles

Epilogue: Build Your Character

Bibliography
Acknowledgements
Index