Читать книгу Investment Banking For Dummies - Matthew Krantz - Страница 3

1  Cover

2  Introduction About This Book Foolish Assumptions Icons Used in This Book Beyond the Book Where to Go from Here

3  Part 1: Getting Started with Investment Banking Chapter 1: Introducing Investment Banking What Investment Banking Is How Investment Banking Is Done Turning Into an Investment Banking Pro Putting Investment Banking to Work Chapter 2: The Purpose of Investment Banking: What Investment Bankers Do Putting the For-Sale Sign on Corporate America Helping Investors Decide Whether to Buy or Sell Digging Into the Role of the Trading Desk Chapter 3: How Investment Bankers Sell Companies Getting Companies Ready for Sale on Public Markets Seeing What Sell-Side Analysts Do Examining a Sample Research Report Chapter 4: How Investment Banking Is Used in Mergers and Acquisitions Come Here Often? The Basics of Mergers and Acquisitions Tools Used to Analyze the M&A Deal Why Many M&A Deals Go Wrong Chapter 5: How Investment Banking Is Used in Leveraged Buyouts In This Corner: Introducing the Players Aiming for the Right Targets in a Leveraged Buyout Finding the Exit

4  Part 2: Digging In: Performing Investment Banking Chapter 6: Finding the Data: Documents and Reports Finding What You Need on the Securities and Exchange Commission’s Website Getting Data in a Format You Can Work With Paying Attention to the Non-Financial Information Chapter 7: Making Sense of Financial Statements Income Statements Balance Sheets Statement of Cash Flows Proxy Statements Chapter 8: Perfecting the Financial Ratios for Investment Banking Valuation Multiples: Assessing How Much the Company Is Worth Liquidity Multiples: Checking Companies’ Staying Power Profitability Ratios: Seeing How a Company’s Bottom Line Measures Up Efficiency Ratios: Knowing How Well the Company Is Using Investors’ Money Chapter 9: Sizing Up the Industry Performing an Industry Analysis Unearthing Company Trends and Common sizing the Financial Statements How a Company Stacks Up: Comparing the Key Ratios Chapter 10: Understanding Stocks and Focusing on Past Transactions Introducing Stock Finding Past Transactions Analyzing Past Transactions Chapter 11: Applying Investment Banking to Fixed Income Introducing Bonds Identifying the Various Types of Bonds Knowing Their Place: The Position of Bondholders Understanding Bond Pricing Tracking the Bond Market Debt or Equity: How a Company Chooses

5  Part 3: Taking Investment Banking to the Next Level Chapter 12: Doing a Discounted Free Cash Flow Analysis Gearing Up for Discounted Free Cash Flow Calculating the Weighted Average Cost of Capital Going for Terminal Value Valuing a Share of Stock Chapter 13: Structuring a Leveraged Buyout Seeing How Leveraged Buyouts Are Structured Building a Leveraged Buyout Model Chapter 14: Determining the Strength of a Company’s Return on Equity Understanding the Importance of Return on Equity Using a DuPont Analysis Interpreting the Results

6  Part 4: Applying Investment Banking Chapter 15: Knowing the Rules The History of Regulation of Investment Banking The Ins and Outs of Modern Investment Banking Rules The Rules on Analysts Why Simply Making Rules Isn’t Enough Chapter 16: How Some Companies Lie, Cheat, and Steal Their Way to the Top Did You Really Sell That? When Companies Aggressively Report Revenue Lucy, You Got Some ’Splainin’ to Do: When Companies Understate Their Expenses Missed It by That Much: When Companies Overstate Their Financial Position Keeping Investors Off-Balance What Should an Investment Banker Do? Chapter 17: Understanding Alternative Investments and Asset Management Knowing Your Alternatives Digging Into Asset Management Managing Potential Conflicts with Clients Chapter 18: Trying Your Hand at Investment Banking with a Case Study Setting the Scene Considering the Options Creating the Analysis Structuring a Deal Success or Failure

7  Part 5: The Part of Tens Chapter 19: Ten of the Biggest Debacles in Investment Banking History The Dot-Com Boom and Bust Tainted Research Scandals Enron and the Accounting Scams The Mortgage Debacle and Collapse of Lehman The Flash Crash The London Whale at JPMorgan Chase and Barings Bank Long-Term Capital Management Bankruptcy in Jefferson County, Alabama IPO Allocations with CSFB Bad Mergers and Acquisitions Like AOL Time Warner Chapter 20: Ten Ways to Improve a Discounted Cash Flow Analysis Financial Analysis Isn’t Physics Show Your Sensitive Side Monte Carlo Isn’t Just for High Rollers What Can Go Wrong Will Go Wrong It’s Tough to Make Predictions, Especially about the Future The Investor of Today Doesn’t Profit from Yesterday’s Growth Garbage In, Garbage Out Rates Are Falling — It’s a Better Deal! Read Your Putt from Several Angles The Weighting Is the Hardest Part Chapter 21: Ten (Or So) of the Best Online Resources for Investment Bankers Bloomberg Reuters Standard & Poor’s Renaissance Capital and IPOScoop.com The Securities and Exchange Commission Moody’s MarketSmith Index Fund Advisors Morningstar Bureau of Labor Statistics Department of Commerce Federal Reserve Trefis

8  Appendix: Where Investment Banking Came From The Roots of Investment Banking Banking Catches On in the United States

9  Index

10  About the Authors

11  Advertisement Page

12  Connect with Dummies

13  End User License Agreement