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Rating: Summary: OK but... Review: One of the worthwhile things about this book, which serves as a pretty decent introduction to financial statements, is its treatment of the DIFFERENT types of statements for retailers/manufacturers, banks and utilities. I'm not aware of any other book for beginners which offers guidance towards the distinction between the three. But since the author took the trouble to detail these, one wonders why he didn't also discuss insurance companies as a separate entity, especially since utilities have offered less capital appreciation potential to investors in recent years.
Rating: Summary: For every serious individual investor! Review: This book is written for the lay investor, not for the professional. It is easy to read and understand, and offers great assistance to the investor who uses financial statements in evaluating and comparing companies. The forms presented help organize the important data in an easy-to-follow manner. This is a worthwhile book for every serious individual investor.
Rating: Summary: Ok, BUT Review: This is a good book and I glad I bought it. Mr Loth does a good job of covering the finanical statements in a non complicate fashion. After all acounting is not that complicated. It is only made complicated when people want to hide things.There is one MAJOR SHORTCOMING. NOTHING ABOUT THE ACCOUNTING FOR STOCK OPTIONS. This is the reason the book is only a 3 star inside of a 4 star. I guess in Mr Loth world stock options do not exist.
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