The Chestnut and Cedar Stock Report

Stock Chart Patterns:

Head and Shoulders
     V Formations
     Double Tops and Bottoms
     Triple Tops and Bottoms
     Saucers - Rounded Tops and Bottoms
     Ascending, Descending and Symmetrical Triangles
     Channels - Rectangles
     Rising and Falling Wedges
     Bullish and Bearish Flags
     Pennants
     Diamonds
     Cup and Handle
     Pan and Handle
     Spikes
     One-Day Reversals
     Island Reversal

Dow Theory

Elliot Wave Theory

Fibonacci

Fundamental Analysis

Introduction to Fundamental Analysis
- The Accounting Process
- The Postulates and Principles of Accounting:
     * Postulates of Accounting
     * Principles of Accounting
- The Financial Statements
     * The Balance Sheet
     * The Income Statement
     * The Cash Flow Statement
     * The Shareholders’ Equity Statement

Income Statement Analysis
- Great companies and good EPS growth do not guarantee
stock market profits
- The P/E ratio can create buying opportunities
- Mishaps can create steals
- Unusual charges reduce the value of your stock
- ROE is the single best tool for investors
- ROA is another valuable tool
- Investors pay for high profit margins
- Lenders can eat up all the profits
- Depreciation creates deferred taxes, which have equity-like
qualities
- EPS is a complicated calculation

Balance Sheet Analysis
- Leverage and financial strength affect share value
- Liquidity concerns can decimate a business
- Cash is critical, to a point
    * Window Dressing
    * Cash Gap
    * Cash per Share
    * Burn Rate
- Marketable Securities
- Receivables are interwoven with cash flow
    * Past Dues and Write-offs
    * Receivables turnover ratios
    * Securitizations
- Inventory - focus on the profit margins
       * Perpetual vs. Periodic Inventory
        * Inventory Accounting Calculation
        * Inventory Costing Methods
        * Lower of Cost of Market
        * Inventory Categories
        * Inventory Turnover Ratios
- Fixed assets are necessary in order to be a world class
    company
- Liabilities with equity attributes are enriching
- Emphasizing debt net of cash can be misleading
- Book value is a tool to properly evaluate a stock
- Off-balance sheet assets and liabilities are legal

Cash Flow Analysis
- The effects of growth on cash flow and earnings
- How free cash flow benefits investors
- Don’t blame EBITDA for your losses
- The borrowing base impacts cash flow and equity
- The debt repayment schedule can predict a liquidity crisis

Shareholders’ Equity Analysis
- Are the stockholders really owners?
- Do you know where your equity dollars are?
- How comprehensive income can affect stock values
- Watch out for your Dividends
- Stock splits, dividends and reverse splits
- Spin-offs, tracking stocks and determining new cost basis
- Stock rights give board of directors more power then they are
entitled to

Ratios and Definitions
- Market Price Analysis
- Profitability Analysis
- Liquidity Analysis
- Cash Flow Analysis
- Capital – Leverage Analysis
- Activity Analysis

Retirement Savings

- Introduction
- Types of Tax Incentives
- Maximize Company Savings Plans
- Automatic Savings
- Contribution Limits
- Types of Retirement Accounts
- Small Business & Self-Employed Plans
- Asset Allocation
- Educational Savings Accounts

Misc Pages

Market Thoughts Stocks of Interest Sample Portfolios 2005 Stock Ideas 2004 Stock Ideas Asset Allocation Atlantic City Stock Ideas	Money Tips Mutual Funds Loans, Leases & Equity Insurance Ask the Author Ask the Author Responses Author Responses to questions Global Investing Academic Research

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