Franchise Value : A Modern Approach to Security Analysis (Wiley Finance)
Martin L. LeibowitzISBN: 0471647888; 9780471647881;
Praise for Franchise Value "The arrival of Franchise Value could not be more timely for the practice of security analysis. . . . Whether novice student or seasoned professional, the reader is in for a treat. Bon Appetit!" ?Robert C. Merton, 1997 Nobel Prize Laureate in Economics "The franchise value model is a major advance beyond the traditional dividend discount model in the analysis of present and future company value." ?Harry M. Markowitz, 1990 Nobel Prize Laureatein Economics "A bold investigation into the basis for common stock valuation that will challenge conventional thinking about such basic ideas as earnings and growth." ?Jack Treynor, Treynor Capital Management, Inc. "Every investor, economist, accountant, and banker will gain from Leibowitz?s powerful insight, keen analysis, and profound understanding of the economic process." ?Peter L. Bernstein, author of Against the Gods "Franchise...