About the Author
Gary Gray, Ph.D., Visiting Professor of Finance at The Pennsylvania State University, consults regularly with investment and commercial banks and was a Managing Director of a major Wall Street investment bank. Dr. Gray has contributed articles to professional periodicals including Harvard Business Review and Municipal Finance Journal. He is co-author, along with Dr. Patrick J. Cusatis, of Municipal Derivative Securities: Uses and Valuations.Patrick J. Cusatis, Ph.D., is Visiting Associate Professor of Finance at The Pennsylvania State University and a Director at First Union National Bank. Dr. Cusatis has contributed articles to Journal of Financial Economics, Journal of Applied Corporate Finance, and Municipal Finance Journal. He is co-author of Municipal Derivative Securities: Uses and Valuations. J. Randall Woolridge, Ph.D., is the Goldman, Sachs, and Co. and Frank P. Smeal Endowed University Professor of Finance at The Pennsylvania State University. Dr. Woolridge has contributed articles to Journal of Finance, Journal of Financial Economics, and other industry publications, and has appeared on CNN's Money Line and CNBC's Business Today.
Table of Contents
Empower Yourself with Information! How to Value A Stock. The Importance of Cash Flow. The Five Most Important Cash Flow Measures. "Don't Count Until You Discount!" Where and How to Obtain Information for Valuations. Valuations in Action. A Spreadsheet Valuation Approach. Appendices: A: Web Site Addresses. B: Stock Market Efficiency. C: Investors' Required Return on Stocks.