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To: Bob Rudd who wrote (7405)6/6/1999 8:59:00 AM
From: Bob Rudd  Read Replies (2) | Respond to of 78652
 
Speaking of books, Has anyone read "Financial Warnings" by Mulford
From publisher: "The authors identify the financial traits of firms which precede unanticipated and typically disastrous reductions in corporate earnings and forecasted cash flow to help users of financial information recognize these potentially catastrophic financial characteristics."
commentary available here:
amazon.com

and some additional stuff from the publisher here:
shop.barnesandnoble.com

While this looks like a useful addition to "Financial Shenanigans" and "Quality of Earnings" I'm very reluctant to pay the $92 [Yes 92, not 29] that is the lowest landed price I've found...without a lot of independent verification that it's solid gold stuff. Mulford is an accounting prof and he looks awful young to have a grizzled veterans wisdom and perspective on this. Often strictly academic perspective doesn't work that well in real world situations.

Comments?



To: Bob Rudd who wrote (7405)6/6/1999 1:12:00 PM
From: Paul Senior  Read Replies (1) | Respond to of 78652
 
Bob, thank you for the info. and link. In the chapter that's shown, I don't see anything really new, but it is reframed in an interesting way, I think. This itself may be helpful to in improving investing prowess. And I agree-- for me, the book will not be an easy read. Paul.