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Rating: 
Summary: A well-written, disciplined yet flexible methodology
Review: Here is a rarity in value investment literature: a more or less complete system for finding RELATIVELY cheap stocks. And the system described is indeed useful enough that nearly anyone with a value disposition might take at least a portion of it away to incorporate into his or her own approach. Ostensibly, the heart of Tengler's book is the use of relative dividend yield or relative price to sales ratio (relative to a stock's prior trading history). However, the most useful portion of her method concerns her thoughtful use of a checklist/scoring system to help avoid "value traps" --purchasing stocks with dividend yields which are high for good reason, for example. The described scoring system is at once disciplined and somewhat flexible, two key attributes to wade through a crowded, value-driven market. The book is exceptionally clear and concise in terms of the general methodology offered by the author. However, the scoring system as modified by Tengler for assessment of bank stocks should have been more clearly defined by way of example, especially since banks are such a large part of the relative dividend investment universe. This is a small quibble as compared to the useful general approach given to the reader. The best value investment literature offers both a general way to recognize value and practical means to find it. The approach offered here is somewhat novel, very useful, and well-described. The book is one of the more useful works to appear in value investment literature over the past several years, and even if the reader chooses not to embrace the entire approach, he or she will probably find a few useful ideas to discern value.
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Summary: Amazing insight into market inner workings
Review: I have been in the investment business for 3 decades. Currently, I manage a large portfolio. My educatiuon and training is extensive but nothing compares to experience. However, Ms. Tengler book affords the reader maximum insight into the valuation of companies. Her writing style is easy upon the eyese and her knowledge is second to none. I understand her husband is also an accomplished investor in his own right. I don't know if they collaborated in this book, but the the outcome is definitely powerful reading. It's too bad I did not have this insight when I first enterd the business--it certainly would have enabled me to avoid a number of mishaps. I would not be surprised to see many college courses include this book in their curriculum. I stongly recommend this book to any serious student of the market. This is a professional book for amateurs as well as professionals!!
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Summary: Value investing made accessible
Review: Ms. Tengler has accomplished a feat that Graham and Dodd and other widely referenced deans of funadamental analysis have attempted to do for decades--making the art of analysis easily understood and interesting. Ms.Tengler, widely recognized media expert on the markets, has translated this difficult topic into very simple prose that even a lay investor can understand. At the same time, she provides enough additional valuable insight and explanations that market professionals would serve themselves well to read. There is no question that this book will seve as a standard for the industry. It is highly recommended. The insight and information Ms. Tengler supplies serve as a foundation any market follower needs to become a savvy investor.
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Summary: Relying on Fundamentals - Back to Basics
Review: One of the best and most informative pieces on fundamental investing. A well written, step by step overview of how to look at and analyze a company's future prospects, while not paying too much currently. Following this formula will certainly help readers outperform overall equity indices, over long periods of time. A wonderful strategy for retirement plans, college savings accounts, and any fund with a time horizon of three years or more. What you will learn from this book is how to find those companies that have become fallen angels; once the high flyers, now the value stocks, and how to assess there future prospects.
Rating:
Summary: Relying on Fundamentals - Back to Basics
Review: One of the best and most informative pieces on fundamental investing. A well written, step by step overview of how to look at and analyze a company's future prospects, while not paying too much currently. Following this formula will certainly help readers outperform overall equity indices, over long periods of time. A wonderful strategy for retirement plans, college savings accounts, and any fund with a time horizon of three years or more. What you will learn from this book is how to find those companies that have become fallen angels; once the high flyers, now the value stocks, and how to assess there future prospects.
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Summary: When All Else Fails - Go Back To Fundamentals
Review: One of the best pieces on fundamental investing ever written. This is more than just a "story" about what an accomplished investor has done throughout her career. It is truly a roadmap for creating a disciplined investment strategy; one that works now, has worked historically, and will continue to work through any market environment. Breaking away from some of the more traditional and over simplified strategies involving just dividend analysis, this "New Era" approach allows an investor to slightly broaden the "universe" of stocks to capture those with slightly higher growth potential. This type of strategy is appropriate in every investor's portfolio. For institutional investors, this could be your core strategy. For individuals, this discipline can become your overall governing approach to reviewing stocks. This book is well written, easy to understand, and is complete with charts to help explain the very detailed points Ms. Tengler makes throughout the book. Highly recommended to all investors, even to those interested in technical analysis.
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Summary: Article Stretched Into a Book
Review: The book was okay. However, I thought the author threw in too much unnecessary information in order to keep the book from only being 30 pages long! For instance, do we really need a rehashing of the history of value investing? Also, there are lots and lots of charts, which I think is overkill. Other than that, the book is fine!
Rating:
Summary: Article Stretched Into a Book
Review: The book was okay. However, I thought the author threw in too much unnecessary information in order to keep the book from only being 30 pages long! For instance, do we really need a rehashing of the history of value investing? Also, there are lots and lots of charts, which I think is overkill. Other than that, the book is fine!
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