【實用書籍app】Security Analysis|最夯免費app-綠色工廠好玩App

Security Analysis Book

Content

Chapter 1: Introduction

Objectives of security analysis

1. To present important facts regarding a stock or bond in a manner most informing and useful to an actual or potential owner.

2. Seeks to reach dependable conclusions, based upon facts and applicable standards as to safety and attractiveness of a given security at the current or assumed price.

Common Stock Classification

Primary common stocks are those of large and prominent companies, generally with a good record of earnings and of continued dividends. There may be some 200 issues of this type about which there would be little dispute and perhaps similar amount that may be disputable.

Secondary common stocks are marginal in the sense that they are regarded as very close to the primary grade and expected to reach that privileged status in due course. Perhaps 80% of listed issues and 90% of unlisted issues belong to the secondary category.

Market price