Post on 30-May-2018
8/14/2019 Practical Investment Management by Robert.A.Strong slides ch12
1/18
8/14/2019 Practical Investment Management by Robert.A.Strong slides ch12
2/18
8/14/2019 Practical Investment Management by Robert.A.Strong slides ch12
3/18
South-Western / Thomson Learning 2004 12 - 3
Outline
Investment Letters Advisory Letters
The Popular Press
Computer / Internet Services
Screening Services
Investment Seminars Brokerage Firms
Bank Trust Departments Employee Relation Programs
Exchange Seminars
8/14/2019 Practical Investment Management by Robert.A.Strong slides ch12
4/18
South-Western / Thomson Learning 2004 12 - 4
Research Philosophy
Before conducting any research, decide what
kind of information will be useful.
Know thyself: Knowing their own attitudes
toward various issues can be a big help in
allowing investors to make productive use oftheir research time.
E.g. fundamental analysis, technical
analysis, the experts approach.
Screeningis the process of sorting through
the list of potential investments.
8/14/2019 Practical Investment Management by Robert.A.Strong slides ch12
5/18
8/14/2019 Practical Investment Management by Robert.A.Strong slides ch12
6/18
South-Western / Thomson Learning 2004 12 - 6
Resources at the Library
Standard & Poors and Mergent /
Moodys publish easy-to-use
reference material that can be
found in most public libraries.
8/14/2019 Practical Investment Management by Robert.A.Strong slides ch12
7/18
8/14/2019 Practical Investment Management by Robert.A.Strong slides ch12
8/18South-Western / Thomson Learning 2004 12 - 8
Mergent / Moodys Publications
- detailed manuals
- weekly dividend record
- bond record- quarterly handbook of common stock
Resources at the Library
8/14/2019 Practical Investment Management by Robert.A.Strong slides ch12
9/18South-Western / Thomson Learning 2004 12 - 9
Company Information
Annual reports contain corporate
statements about the results of the
previous year as well as the prospects for
the future.
Numerous auditedpublications are required for
publicly traded firms.
8/14/2019 Practical Investment Management by Robert.A.Strong slides ch12
10/18South-Western / Thomson Learning 2004 12 - 10
SEC filings- 10-K report (annual report)
- 10-Q report (quarterly report)
- Schedule 14A (proxy statement)
- Form 144 (insiders intent tosell document)
Theprospectus outlines the terms of the
intended transaction, e.g. issue of newdebt securities
Company Information
8/14/2019 Practical Investment Management by Robert.A.Strong slides ch12
11/18
8/14/2019 Practical Investment Management by Robert.A.Strong slides ch12
12/18South-Western / Thomson Learning 2004 12 - 12
Value Line Investment Survey
Insert Figure 12-9 here.
8/14/2019 Practical Investment Management by Robert.A.Strong slides ch12
13/18
8/14/2019 Practical Investment Management by Robert.A.Strong slides ch12
14/18South-Western / Thomson Learning 2004 12 - 14
One group of computer services is static
databases with periodic updates, used
primarily for security screening.
Another group is dynamic with continuous
updates, used for augmenting the resultsof other security selection activities.
Many databases and the home pages of
many listed companies and investment-related firms and organizations can be
found on the Internet.
Computer / Internet Services
8/14/2019 Practical Investment Management by Robert.A.Strong slides ch12
15/18
8/14/2019 Practical Investment Management by Robert.A.Strong slides ch12
16/18
South-Western / Thomson Learning 2004 12 - 16
Investment Seminars
Local brokerage firms often hold educational
seminars for their current and prospective
customers.
Bank trust departments also hold seminars.
Some employee relation programs provide
investment information to boost employee
morale.
The securities exchanges offer educationalsessions too.
8/14/2019 Practical Investment Management by Robert.A.Strong slides ch12
17/18
South-Western / Thomson Learning 2004 12 - 17
Review
Research Philosophy Know Thyself
Screening
Resources at the Library
Standard & Poors Publications Mergent / Moodys Publications
Company Information
Annual Reports SEC Filings
The Prospectus
8/14/2019 Practical Investment Management by Robert.A.Strong slides ch12
18/18
South-Western / Thomson Learning 2004 12 - 18
Investment Letters Advisory Letters
The Popular Press
Computer / Internet Services
Screening Services
Investment Seminars Brokerage Firms
Bank Trust Departments Employee Relation Programs
Exchange Seminars
Review