The Net Current Asset Value Approach to Stock Investing
Author | : Victor J. Wendl |
Publisher | : Wendl Financial Incorporated |
Total Pages | : 220 |
Release | : 2013-01 |
ISBN-10 | : 0985837527 |
ISBN-13 | : 9780985837525 |
Rating | : 4/5 (525 Downloads) |
Download or read book The Net Current Asset Value Approach to Stock Investing written by Victor J. Wendl and published by Wendl Financial Incorporated. This book was released on 2013-01 with total page 220 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book reviews the performance over a 60 year time period of purchasing stocks trading below net current asset value. The stock filtering criterion was popularized by Benjamin Graham, the father of value investing, and a mentor to Warren Buffett who considered his professor and former employer one of the most influential people in his life. The book also reviews the portfolio performance by combining the net current asset value criterion with other value investing stock screens such as high dividend yield and low price-to-earnings ratio. Using this simple approach of selecting stocks trading below liquidation value, individual investors can achieve excellent returns by devoting just one day a year to their portfolio.