Cover image for The 100 best stocks to own in the world
Title:
The 100 best stocks to own in the world
Author:
Walden, Gene.
Personal Author:
Publication Information:
Chicago, Ill. : Dearborn Financial Pub., 1991.
Physical Description:
xiv, 400 pages ; 24 cm
General Note:
Includes index.
Language:
English
ISBN:
9780793101245
Format :
Book

On Order

Summary

Summary

This guide identifies the most outstanding companies in dozens of countries--Japan, West Germany, the UK, Canada, Brazil, Mexico, Australia, Italy, Asia and others, as well as the US. Stocks are listed alphabetically by major geographical region, including such information as: name, address, phone number and stock exchange; ratings charts for earnings and stock growth; dividend growth and yield; consistency and momentum; and description of the company, its divisions and products. Annotation(c) 2003 Book News, Inc., Portland, OR (booknews.com)


Reviews 2

Booklist Review

With earlier editions, these two titles have already proved their value. Affordable and reliable, they provide advice that the average saver or investor can use. Pederson is a former supervisor of the Savings Bonds Division at the Detroit branch of the Federal Reserve Bank of Chicago. He also runs a fee-based service that provides bond owners with detailed analyses of their holdings and prospective purchases. This is the fourth updating of Pederson's guide to U.S. savings bonds, which is a unique resource because the government itself provides few details on how to manage bonds as part of an overall investment portfolio. Pederson explains why even banks are not always knowledgeable about the savings bonds they sell for the government, and he demystifies savings bonds interest rates. He also contrasts bonds with other investment options, distinguishes among the different types of savings bonds, and advises when best to purchase and redeem bonds. Perhaps most important, he discusses the various tax aspects of owning bonds. Walden's focus is on mutual funds, currently the most popular form of investment. He is a frequent contributor to financial publications and appears often on financial talk shows. He is also the author of 100 Ways to Beat the Market (1998) and The 100 Best Stocks to Own in America (1996). For the third time, he updates his roster of top-performing funds. After explaining the various categories of funds and how his ranking system works, Walden provides a basic profile of each of his 100 selections. --David Rouse


Choice Review

Walden (author of The 100 Best Stocks to Own in America, 1989) now pursues an even more ambitious objective: to rank the top 100 stocks in the entire world. With the benefits available from global diversification and the tremendous increase in international securities trading, such a book will be of interest to the investing public. Readers should be advised however, there is no consensus of what constitutes a superior stock for investment purposes. Any ranking of stocks must be subjective. Walden uses six different criteria to rank stocks. Three of the criteria focus on growth and are defined as earnings growth, stock price growth, and dividend growth. The remaining three are dividend yield, consistency, and momentum. Consistency attempts to capture the volatility in growth rates; momentum measures sudden changes in the various growth criteria, especially over the recent past. As indicators of equity risk, this reviewer finds these to be very weak and unnecessarily subjective. There are more quantitative and popular measures of equity risk such as beta and the variance of return. Walden's analysis is arranged by country and is truly global in coverage. There is an obvious emphasis on Pacific Rim, European, and American stocks. Each entry consists of a narrative firm profile (company history, product markets, and current operations) and continues with an evaluation of each of the six criteria. Appropriate for popular investing and global finance collections serving college students and general audiences. -S. P. Ferris, Virginia Polytechnic Institute and State University