Earnings Management

In this book, Pascal Costantini presents a wonderful harvest of the experience of ten years of efforts in order to find a practical and reliable method that can be applied to evaluate and choose stocks. The result of this painstaking work was crystallized in the development of an investment methodology known as (cash return on invested capital). German Deutsche uses this evaluation tool every time you consider evaluating capital assets, whether they are market shares or sector-specific. Or individual stocks Costantini has detailed, using realistic examples in the form of charts and graphs, describing the accurate investment results of the actual implementation of the cash return approach on invested capital in the global capital markets since 1996. This book shows the reader how to use this approach successfully now and in the future. Mostantini offers a clear view of the art that may seem obscure about evaluating companies in a way that relies on common sense. Bearing a similarity with the investment horizons of companies, it has become necessary for every analyst and financial fund manager to read this book to guide him in verifying these matters.