Valuation of Internet and Technology Stocks: Implications for Investment Analysis - Couverture rigide

Kettell, Brian

Couverture rigide

ISBN 10 : 0750653833 ISBN 13 : 9780750653831

Editeur : Butterworth-Heinemann Ltd, 2002

Synopsis

Valuation of Internet and Technology Stocks offers practical information on how to value internet and high-tech companies more accurately. The book reviews previous practice, highlights the deficiencies in existing stock market techniques, and shows how to modify or replace them. It also demonstrates how the New Economics necessitates new forms of investment analysis. This book presents new ways of looking, researching and valuing internet and high-tech companies. It explains why there has been a high correlation between high loss companies and a rocketing stock price. It questions whether there is still a place for discounted cash flows when there is no cash flow to discount. It also considers what new methods are available to value super growth companies and whether these methods are any better than existing techniques. Chapters deal with a wide range of topics including: where technology/internet stocks fit in a new economy; how you value traditional common stocks; application of the Porter model to the valuation of technology/internet stocks; problems with applying traditional valuation models for technology/internet stocks; derivative markets and real options; and the lessons that can be learned by investors from the year 2000 collapse of technology/internet stocks. This text will be of interest to traders, investment managers, institutional investors, plan managers, and finance professionals.

A propos du livre

Présentation de l'éditeur

Valuation of Internet and Technology Stocks offers practical information on how to value internet and high-tech companies more accurately. The book reviews previous practice, highlights the deficiencies in existing stock market techniques, and shows how to modify or replace them. It also demonstrates how the New Economics necessitates new forms of investment analysis.

This book presents new ways of looking, researching and valuing internet and high-tech companies. It explains why there has been a high correlation between high loss companies and a rocketing stock price. It questions whether there is still a place for discounted cash flows when there is no cash flow to discount. It also considers what new methods are available to value super growth companies and whether these methods are any better than existing techniques. Chapters deal with a wide range of topics including: where technology/internet stocks fit in a new economy; how you value traditional common stocks; application of the Porter model to the valuation of technology/internet stocks; problems with applying traditional valuation models for technology/internet stocks; derivative markets and real options; and the lessons that can be learned by investors from the year 2000 collapse of technology/internet stocks.

This text will be of interest to traders, investment managers, institutional investors, plan managers, and finance professionals.

* Investigates why there has been a high correlation between high loss companies and a rocketing stock price
* Questions whether there is still a place for discounted cash flows when there is no cash flow to discount
* Considers what new methods are available to value super growth companies and whether these methods are any better than existing techniques

Présentation de l'éditeur

New ways of looking, researching and valuing these companies need to be addressed. Valuation of Internet and Technology Stocks offers practical information to enable institutional investors to value internet.coms and high tech companies more accurately.

The author highlights the deficiencies in existing stock market techniques and shows how they need to be modified or, in most cases, replaced with techniques more suited for the revolution in economies which had taken place since 1991. The economic rules in the financial market place have changed to the extent that strategies successfully applied in the post war era have now been relegated to the deleted items box. 'Valuation on Internet and Technology Stocks' reviews existing stock market techniques highlighting their deficiencies and show how the New Economics necessitates new forms of investment analysis.

* Investigates why there has been a high correlation between high loss companies and a rocketing stock price
* Questions whether there is still a place for discounted cash flows when there is no cash flow to discount
* Considers what new methods are available to value super growth companies and whether these methods are any better than existing techniques

Détails de l'édition

• Éditeur: Butterworth-Heinemann Ltd
• Date d'édition: 2002
• Langue: anglais
• ISBN 10: 0750653833
• ISBN 13: 9780750653831
• Reliure: Relié
• Nombre de pages: 209
• Coordonnées du fabricant: non disponible
• Personne responsable: non disponible