26 - Click to edit Master subtitle style Prof Irvine FINA...

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Unformatted text preview: Click to edit Master subtitle style Prof Irvine FINA 4310 Prof Irvine FINA 4310 Financial and Industry Analysis Chapters 12.7 14.4, 14.5, 14.6 Prof Irvine FINA 4310 Prof Irvine FINA 4310 Industry Analysis l Performance can vary widely across industries l ROE can range from 10.6% for electronic equipment to 29.2% for the cigarette industry Prof Irvine FINA 4310 Prof Irvine FINA 4310 Figure 12.8 Industry Stock Price Performance, 2006 Prof Irvine FINA 4310 Prof Irvine FINA 4310 Defining an Industry l Where to draw the line between one industry and another £ Money-center banks: Variation by ¢ Size ¢ Focus ¢ Prof Irvine FINA 4310 Prof Irvine FINA 4310 North American Industry Classification System or NAICS Codes l Codes assigned to group firms for statistical analysis l Yahoo also has a list of competitors £ We will use this comparison when we do comparable valuation l Industry classifications are never perfect Prof Irvine FINA 4310 Prof Irvine FINA 4310 Why look at Industry?...
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This note was uploaded on 06/05/2011 for the course FINA 4310 taught by Professor Staff during the Fall '08 term at UGA.

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26 - Click to edit Master subtitle style Prof Irvine FINA...

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