When companies suffer a dramatic or catastrophic drop in their share price, it is the investors who lose their shirts and employees their jobs. But often, a company’s published accounts offer clues to impending disaster, providing you know where to look – and take the trouble to do so.
Through the forensic examination of more than twenty recent share price collapses, Tim Steer – a former fund manager and one of the few who highlighted the warning signs at Carillion years before it came unstuck – reveals how companies hide or disguise worrying facts about the robustness of their business.
He looks at the themes that underlie the ways companies obscure the truth and he stresses that in an assessment of a company’s accounts, investors should always bear in mind that the only fact is cash; everything else – profit, assets, etc. – is a matter of opinion or judgement and therefore vulnerable to being stretched, sometimes beyond belief.
Full of invaluable lessons for investors, the book concludes with some trenchant observations on what is wrong in the worlds of investment, audit and financial regulation, and what changes should be considered.
This book title, The Signs Were There (The clues for investors that a company is heading for a fall), ISBN: 9781788160810, by Tim Steer, published by IPS - Profile Books (March 23, 2021) is available in paperback. Our minimum order quantity is 25 copies. All standard bulk book orders ship FREE in the continental USA and delivered in 4-10 business days.
Unlike Amazon and other retailers who may also offer The Signs Were There (The clues for investors that a company is heading for a fall) books on their website, we specialize in large quantities and provide personal service, from trusted, experienced, friendly people in Portland, Oregon. We offer a Price Match Guarantee, and QuickQuote form, to make purchasing quick and easy.
Prefer to work with a human being when you order The Signs Were There (The clues for investors that a company is heading for a fall) books in bulk? Our Book Specialists are standing by Monday-Friday 8-5 PST, ready to help!
