practical investment management by robert.a.strong slides ch12

8/14/2019 Practical Investment Management by Robert.A.Strong slides ch12

1/18


2/18


3/18

South-Western / Thomson Learning 2004 12 - 3

Outline

Investment Letters Advisory Letters

The Popular Press

Computer / Internet Services

Screening Services

Investment Seminars Brokerage Firms

Bank Trust Departments Employee Relation Programs

Exchange Seminars


4/18


Research Philosophy

Before conducting any research, decide what

kind of information will be useful.

Know thyself: Knowing their own attitudes

toward various issues can be a big help in

allowing investors to make productive use oftheir research time.

E.g. fundamental analysis, technical

analysis, the experts approach.

Screeningis the process of sorting through

the list of potential investments.


5/18


6/18


Resources at the Library

Standard & Poors and Mergent /

Moodys publish easy-to-use

reference material that can be

found in most public libraries.


7/18


8/18South-Western / Thomson Learning 2004 12 - 8

Mergent / Moodys Publications

- detailed manuals

- weekly dividend record

- bond record- quarterly handbook of common stock




Company Information

Annual reports contain corporate

statements about the results of the

previous year as well as the prospects for

the future.

Numerous auditedpublications are required for

publicly traded firms.



SEC filings- 10-K report (annual report)

- 10-Q report (quarterly report)

- Schedule 14A (proxy statement)

- Form 144 (insiders intent tosell document)

Theprospectus outlines the terms of the

intended transaction, e.g. issue of newdebt securities

Company Information


11/18



Value Line Investment Survey

Insert Figure 12-9 here.


13/18



One group of computer services is static

databases with periodic updates, used

primarily for security screening.

Another group is dynamic with continuous

updates, used for augmenting the resultsof other security selection activities.

Many databases and the home pages of

many listed companies and investment-related firms and organizations can be

found on the Internet.



15/18


16/18


Investment Seminars

Local brokerage firms often hold educational

seminars for their current and prospective

customers.

Bank trust departments also hold seminars.

Some employee relation programs provide

investment information to boost employee

morale.

The securities exchanges offer educationalsessions too.


17/18


Review

Research Philosophy Know Thyself

Screening


Standard & Poors Publications Mergent / Moodys Publications

Company Information

Annual Reports SEC Filings

The Prospectus


18/18


Investment Letters Advisory Letters

The Popular Press


Screening Services

Investment Seminars Brokerage Firms

Bank Trust Departments Employee Relation Programs

Exchange Seminars

Review

practical investment management by robert.a.strong slides ch12

Documents