Herb Greenberg, Columnist, TheStreet.com and Fortune magazine
"Obfuscators beware! Michelle Leder has cracked the code. In this invaluable guide to combing the footnotes of financial statements for indicators of accounting tricks and attempts to hide the bad news needles in a haystack of numbers. This is a clear, sensible, and, above all, practical guide that will be indispensable for anyone who invests in, does business with, or works for a corporation."
Nell Minow, Editor, The Corporate Library
"Too many companies would prefer that you not read the footnotes," observes former SEC chairman Arthur Levitt. "That should be incentive enough to delve into them." In fact, not only do companies prefer you ignore the details they are required to report the pesky particulars on exactly how they account for those whopping earnings they take calculated steps to make this information as hard as possible to understand. But for those who know how to look, the facts that predict a company’s true prospects are usually hidden in plain sight.
Financial Fine Print gives you the tools you need to break down annual reports and SEC filings, make sense of the deliberately cryptic language of footnotes, and get the real goods on a potential investment.
To make money in today’s tough market, investors have to make deliberate, well–researched choices. To do this requires not only having the right information, but also knowing how to decode it. With their obscuring tactics, companies won’t help you any. So be advised: those who would help themselves and expect to profit should get down to the nitty–gritty of Financial Fine Print.
Chapter 1: Don t Get Fooled Again.
Chapter 2: Reading the Fine Print Like a Pro.
Chapter 3: You Don t Need to Be a Pro.
Chapter 4: Charge It!.
Chapter 5: Optional Illusions.
Chapter 6: All in the Family.
Chapter 7: Pensions in Wonderland.
Chapter 8: Debt by Many Other Names.
Chapter 9: Five Common Ingredients.
Chapter 10: Changing the World.
A Few Final Words.
Appendix A: A Cheat Sheet for Reading Key SEC Filings.
Appendix B: A Brief Walk through Qwest s Fine Print.
"It′s beautifully written, combining both warmth and clarity, and as easy to read as it is to understand." (Better Investing Magazine, October 2003)
"The Financial Fine Print here is readable, useful and potentially profitable!" (Barron′s Magazine, December 1, 2003)
"In my opinion "Financial Fine Print" is a must–read for any investor who wants to pick his or her own stocks." (Pittsburgh Tribune, December 21, 2003)
"With a book as indispensable as this, there′s no...excuse to avoid wading into the thicket of footnotes before making financial decisions." (Better Investing Magazine, December 2003)
"Financial Fine Print: Uncovering a Company′s True Value is one of the most informative books ever written for investors" (From the Foreword by Thornton "Ted" Oglove)