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Rating: 
Summary: The best reference for professional financial analysts
Review: Despite this book's imposing thickness and dense script, it is by far the best reference for detailed financial analysis. Its examples from real data are the best part of the book since they give a solid understanding of analysis that proves subjective in practice. This book is not for the beginner or for people expecting to use it for simple, back of the envelope financial analysis, but is the best resource for financial valuations used in M&A and securitization exercises.
Rating: 
Summary: objective assessment
Review: First published in 1973 and used from inception by the initial CFA program this classic text has been used by many thousands of students and professionalsthrough 6 editions. Please judge this text on its merits and be wary of planted sour grapes comments of a competing text which lost out.
Rating: 
Summary: Good content, poor communication
Review: I read this book because it was the official textbook for CFA Level 1 test. AIMR later dropped it and returned to White and Sondhi for the year 2000. Personally, I agree.This should be a fairly good financial analysis book, but because of its uncommunicative wording, it is not appealing indeed. Agree with a reader from England, it is dull. If the authors add their comments and pour some additional opinion and insights, this book will be much better. It appears that the book lost its good image (since 1973?) because most of its current readers have read the White & Sondhi's book. If they not read the White & Sondhi before they read this book, they might viewed this book much much better. In my opinion, the readers will get relatively the same knowledge from both books.
Rating:
Summary: Useful for wheel-chair financial analysts
Review: This is one of the best text books for financial analysis. The book provides various techniques and disciplines for serious digging of financial data. The text is well organized, easy to follow, and well written. The author provides one real world financial statement for analysis and the whole book uses that only one F/S to show how you can use the various tools to analyze a company. That provides a united theme and a sense of consistency. It's definately a good book for wheel-chair financial analysts. The book, however, requires accounting background to understand, and, of course, the book is expensive.
Rating:
Summary: objective assessment
Review: This is one of the best text books I've read so far in the field of financial analysis. The book provides most of the tools needed for serious digging of financial data and finding its implications. It's well organizated and well written. The book, however, requires accounting backgrounds to understand and may be a little difficult for beginners. All in all, this can serve a great reference for both students and professionals, and especially suitable for those interested in fundemental analysis.
Rating: 
Summary: A dreadful book. Do not buy it.
Review: Tried using this turgid volume for 1999 CFA level 1. It is appalling. Technically the authors know their stuff - as one would hope - but they make it as dull as ditchwater. Very hard to read without feeling a pressing need to do something, anything, else. I only give it 1 star because I cannot give it none. AIMR have reverted to the Sondhi & Fried book for L1 and L2. Thank you thank you thank you. Anyone want to buy a doorstop? One careful owner.
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