Praise for Financial Statement Analysis
A Practitioner's Guide
Third Edition
"This is an illuminating and insightful tour of financialstatements, how they can be used to inform, how they can be used tomislead, and how they can be used to analyze the financial healthof a company."
-Professor Jay O. Light
Harvard Business School
"Financial Statement Analysis should be required reading for anyonewho puts a dime to work in the securities markets or recommendsthat others do the same."
-Jack L. Rivkin
Executive Vice President (retired)
Citigroup Investments
"Fridson and Alvarez provide a valuable practical guide forunderstanding, interpreting, and critically assessing financialreports put out by firms. Their discussion of profits-'quality ofearnings'-is particularly insightful given the recent spate ofreporting problems encountered by firms. I highly recommend theirbook to anyone interested in getting behind the numbers as a meansof predicting future profits and stock prices."
-Paul Brown
Chair-Department of Accounting
Leonard N. Stern School of Business, NYU
"Let this book assist in financial awareness and transparency andhigher standards of reporting, and accountability to allstakeholders."
-Patricia A. Small
Treasurer Emeritus, University of California
Partner, KCM Investment Advisors
"This book is a polished gem covering the analysis of financialstatements. It is thorough, skeptical and extremely practical inits review."
-Daniel J. Fuss
Vice Chairman
Loomis, Sayles & Company, LP
Martin S. Fridson
Finance & Investments Finanz- u. Anlagewesen Institutional & Corporate Finance Institutionelle Finanzplanung
"...a cogent and valuable reference for any user of financial statements..." (Financial World, Feb. 2005)
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