Handbook of Canadian Security Analysis

One of the keys to investment success is the ability to identify the most promising companies in the leading industries. But that is not as simple as it sounds. Although most investors, portfolio managers, and finance students understand the basics of investment analysis, the dynamics of individual industries are more difficult to grasp since they can vary greatly from one industry to another. The Handbook of Canadian Security Analysis is the definitive guide to analyzing the industry sectors in the Toronto Stock Exchange 300 Composite Index. It gives you the analytical tools you need to measure profitability and stock potential in every major industry grouping of the Canadian market. This two-volume reference brings together — for the first time ever — advice from twenty-seven of Canada's top financial analysts. Each chapter gives practical, expert advice on what makes a particular industry tick: industry overview trends and developments key performance measures markets and competition the regulatory environment cyclical and seasonal influences, and much more. The Handbook of Canadian Security Analysis gives you a rare glimpse into the world of financial analysts: what they look for, and how they make their decisions. This distinguished group of financial experts share their vast experience and specialized knowledge on how to analyze specific industries to help you invest for success: the factors that underlie analysts' stock selections the analytical techniques, yardsticks, and tools of the trade used to value securities the quantitative and qualitative factors to take into account when analyzing stocks in each particular industry when to buy and sell individual securities how and where to get more information on the industry.

Preface Acknowledgements List of Participants HIGH ECONOMIC SENSITIVITY Chapter 1: Oil Services, Miles Lich and Wilfred Gobert, CFA Chapter 2: Airlines, Frederick K. Larkin Chapter 3: Diamonds, Catherine Gignac Chapter 4: Emerging Golds, Stephen Walker Chapter 5: Printing and Publishing, Andrea Horan, CFA Chapter 6: Broadcasting and Entertainment, David McFadgen, CFA Chapter 7: Aerospace, Richard Stoneman Chapter 8: The Canadian Fertilizer Industry, Samuel Kanes, CFA LOW ECONOMIC SENSITIVITY Chapter 9: Insurance, Tom MacKinnon Chapter 10: Merchandising, Marilyn Brophy, CFA MARKET STRATEGY Chapter 11: Strategy, George Vasic Chapter 12: Income Trusts, Petro Panarites, CFA