Investing in Emerging Growth Stocks

stocks: Investing in Emerging Growth Stocks

• Introduction
• Part I. Whether to Play, When to Play
• 1. The Promise of Emerging Growth: Investment Styles. Emerging Growth Companies. The Risks. The Emerging Growth Investor. Mutual Funds Versus Doing It Yourself.
• 2. Cycles of Valuation: When to Play and When to Stay on the Sidelines: Choosing an Index. Past Cycles. Recent Underperformance. The Relative P/E Ratio. A Barometer of Emerging Growth Value. Will It Continue to Work? Why It's Hard to Use.
• Part II. Selecting Stocks and Constructing Your Portfolio
• 3. Basic Stock Selection Standards: Defining the Universe. Applying the Basic Standards. Past Growth and Profitability. Industry Environment. Fragmented Industries. Competition. Management. Beyond the Basics.
• 4. Tough Businesses and Common Problems: Lack of Visibility. Lengthening Sales Cycles. New Product Dependence. Growing Too Fast. Blaming It on Management.
• 5. Visibility and Recurring Revenue: High-Visibility Businesses. Recurring Revenue. Easing the Burden on Management. New Product Dependence. Maturing Gracefully. The Earnings Cushion.
• 6. Spectradyne: Anatomy of a Winner: The Recurring Revenue Base. Maturing Gracefully. Growth Opportunities from Applied Technology. Other New Services. Expanding the Pay-per-View Business. An Atypical Technology Company. Weaknesses. Stock Performance. What Made It a Winner.
• 7. Why the Odds Favor Service Companies: Home Office Reference Laboratory. Inventory Cycles. Semiconductors. Cyclicality. Difficult Decisions.
• 8. Home-Run Stocks: Leverage Factors. Industries in Transition. Favorable Cost Structures. Paychex: What Made It a Winner.
• 9. Creating and Using Models for Stock Selection: Medicine Shoppe International: The Model. Entertainment Publications: The Model. Building a Model.
• 10. Valuing Individual Stocks: Looking at the Wrong Half of the Equation. Hidden Risk. Measuring Fundamental Risk. Using the System. Quality of Earnings. Perceptions. Diversification.
• Part III. Buying and Selling
• 11. Liquidity and Trading Strategies: Illiquidity Means Volatility. Turning Volatility into Opportunity. The Small Investor's Edge. Sell First, Investigate Later.
• 12. Selling Stocks: Selling Rules. The Risk of Eliminating Winners. Red Flags. Acquisitions. The Private Company Mentality. Pulling the Trigger. Why Bad News Usually Follows Bad News. Pruning Your Portfolio.
• Part IV. From Theory to Practice
• 13. Profiles in Growth: Aspect Development. Gartner Group. Orthodontic Centers of America. Guitar Center. West Teleservices. Corrections Corporation of America.

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