Business-valuation

First off, this book should not be titled "Buying And..." as it is oriented almost entirely to the seller.

Second off, the author is either too lazy, or, more likely, trying to sell memberships in the Restaurant Association. There simply is not excuse not to provide specific guidance to setting a price when you are charging so much for a book ($19.95 plus shipping) purported to provide "Everything you need to know to buy, sell, and finance a restaurant business."

Not to slip into their trap of generalization, I will explain that comment. Starting on page 38, Setting the right price, the writer discusses the various methods - market approach; cost approach; income approach and does a good job introducing the reader to these and profitability, rule of thumb and so forth. Then, however, the author continually tells the reader to consult www.restaurant.org without giving any reasonable guidance.

That, my friends, is a sham to be truly respected by the men and women now running for President!

Let me rephrase. "Friends, what this country needs is two [check out my fine information at www.whatamericaneeds.org] and you too can have a vacation every month of the year for the rest of my term, but only if you visit my website at www.whatamericaneeds.org!

All the above just goes to prove that organizations involved in publishing proprietary information directed at their membership probably need to take care when they try earning a sideline income publishing booklets for the downscale market.

Because it is so hard to get good entrepreneurial information for cottage industry start-ups, I am starting a publishing company and magazine named LJ's Breaking Free! for those great folks wanting to break free from bondage to corporate wage-slaving. Anybody interested?

Having so chastized them, I will tell you I've read Restaurant Site Location and it was much more thorough and much more helpful - Bill Anderson (LJ).

The books cover all the bases, providing clear explanations and helpful, specific information, I have not bought a restaurant yet, but I will and this book helped alot for just a little

With the help of this neat little book I bought my first restaurant !! Worth it's weight in gold!

Dr. Kratz is certainly the foremost authority on this subject. His command of the intricacies of developing markets in Eastern Europe is exceptional. His understanding led the Deutsche European Equity Fund to its 5 star number 1 rank among stock funds in its category. One would be well-advised to listen to his insights into these exciting and critical markets.

I read Dr Kratz's expose of frontier emerging markets. A very good book. He masters this asset class and the details which make a good and savvy investor in frontier markets. It is by far one of the most interesting fields of international investing, and I am sure this book is just the beginning of many more to follow on the field - it's a primer. I recommend the book to students and practitioners of finance and investments. Dr Kratz strikes a healthy balance between academic thinking and practial experience and application.

Dr. Kratz's new book on frontier markets is essential to the understanding of this new genre within the equity asset class. It offers a unique journey through the creation of a young emerging equity market and supports conclusions with strong empirical analysis. It supports the notion that valuation in "frontier markets" is more an art than a science, but in order to truly understand such markets one has to be open-minded and a keen observer of what Kratz calls the philology of the frontier market valuation debate. This is new, and sure to fuel the debate on the subject of asset pricing in an environment with little objective and hard data to come by.

As a portfolio manager with a major NYC investment firm, it was refreshing to see Professor Grant drill down to the core concepts of EVA and its impact on market pricing. Everyone acknowledges that Stern Stewart has pushed EVA thinking forward in the corporate world but Professor Grant takes it further and shows how EVA gets priced into securities on a day-to-day basis.

A true gem for the serious investor who want practical advise on how to use an economic profit framework to value a company and how economic profit factors drive stock prices. In this current investing climate this book is a must for anyone who wants to mitigate risk and increase reward in their investment decisions.

This is an outstanding textbook that is worth every penny I spent on it. It has everything you need for an MBA in finance course on fixed-income securities.
This book is the only one on the subject that has several worked out examples and end of chapter problems and solutions. That is very useful if you want to master the subject. You will encounter plenty of practice opportunities.
All the other books-Tuckman, Fabozzi, Sundaresan, and the rest-while they make good reference books to have on your shelf, they are very poor textbooks to learn from.
If you want to master fixed-income securities, you need to have this textbook.

Thank you,