We are creeping ever closer to the September 4th release of How To Value Invest and I am getting more and more excited to share it with you as everything keeps coming together. It seems that those of you who have preordered are in for a nice surprise as well. My original estimate of pages was ~210 with a max at 250, luckily for you it appears that I was way off. The paperback and eBook versions of the book are ready and if the templates I am using are correct than the Createspace paperback edition of the book will be ~320 pages with the eBook version being somewhere between 150-350 pages depending on how big or small you make the words. You will be getting an extra ~100 pages of content than what you were going to get. More incentive to preorder for those who have been thinking about it but haven’t yet taken the plunge : ). Directly below is the paperback version table of contents for How To Value Invest: How I Taught Myself To Become An Excellent Value Investor And How You Can Too.
Table of Contents
Introduction ………………………………………………………………………………………….. 5
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Chapter 1 …………………………………………………………………………………………….. 10
Chapter 2 ………………………………………………………………………………………………14
Chapter 3 …………………………………………………………………………………………….. 20
Chapter 4 Vivendi, June 2012. Asset Reproduction and Sum of the Parts Valuations. Spin offs and Asset Sales 27
Chapter 5 L.B. Foster, July 2012. EBIT and Net Cash Valuation, EV/EBIT, Site and Book Recommendation. 44
Chapter 6 Altria, August 2012. Free Cash Flow and Revenue and EBIT Valuations. Debt, Pensions, Interest Rates, Litigation, Competitive Advantages, Off Balance Sheet Commitments, Site and Book Recommendation. 62
Chapter 7 Jack in the Box, October 2012. Price to Book and Tangible Book Valuation. Why You Must Do Your Own Research, Hype, Comparison to Competition, Catalysts, and Site Recommendation……………………………….. 91
Chapter 8 Second Dole Valuation, November 2012. How to Value Land, Property, and Equipment, Combining Two Valuations Together, and Management Issues………………………………………………………………………………….. 120
Chapter 9 Wendy’s, November 2012. TEV/EBIT, Relative Valuations, Management Issues, Cap Ex, Share Buybacks, Contrarian, Negative Equity, and Book Values…………………………………………………………………………………… 135
Chapter 10 Brazil Fast Food Company, December 2012. How To Calculate ROIC, Great Management, Competitive Advantages, Net Operating Loss Carryforwards (NOL’s), Relative Valuations, OTC, and Pink Sheet Companies………… 164
Chapter 11 Unico American Corporation, January 2013. Insurance Company Different Terms, Techniques, and Valuations, Float, Leveraged ROA, Site Recommendations, Negative EV, EV/EBIT, and TEV/EBIT……………… 202
Chapter 12 Bab Inc, March 2013. Incorporating NOL’s Into Valuations, Relative Valuations, Management Issues, Excessive Compensation, Customer Reviews, and Overpriced Products………………………………………………………………. 232
Chapter 13 Paradise Inc, March 2013. Finding The Value of Land, Property, and Equipment, Hidden Assets, Cash Conversion Cycle, Small Niches, Moats, and Relative Valuations……………………………………………………………………….. 249
Chapter 14 Bab Inc Versus Paradise Inc Conclusion, March 2013. Margin Comparison, Earnings Yield, Making Tough Decisions, Cash Conversion Cycle, and Protection of Downside………………………………………………………….. 266
Chapter 15 Conclusion: Challenge To You, How I Do Research, Mindset, Patience, Character and Personality Traits of Value Investors, and When To Sell a Company. ……………………………………………………………………………………………….. 288
Epilogue …………………………………………………………………………………. 314
Remember that if you want the three chapters I cut from the book for free to preorder before the release date of September 4th or you will have to buy one of the premium packages to receive those chapters. Please keep in mind that I am still tweaking things and still have to submit the book for approval to Amazon, Smashwords, and Gumroad so if the templates I have used thus far are wrong then this could change completely.