Praise for Financial Statement Analysis

A Practitioner's Guide

Third Edition



"This is an illuminating and insightful tour of financial statements, how they can be used to inform, how they can be used to mislead, and how they can be used to analyze the financial health of a company."

-Professor Jay O. Light

Harvard Business School



"Financial Statement Analysis should be required reading for anyone who puts a dime to work in the securities markets or recommends that others do the same."

-Jack L. Rivkin

Executive Vice President (retired)

Citigroup Investments



"Fridson and Alvarez provide a valuable practical guide for understanding, interpreting, and critically assessing financial reports put out by firms. Their discussion of profits-'quality of earnings'-is particularly insightful given the recent spate of reporting problems encountered by firms. I highly recommend their book to anyone interested in getting behind the numbers as a means of 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 and higher standards of reporting, and accountability to all stakeholders."

-Patricia A. Small

Treasurer Emeritus, University of California

Partner, KCM Investment Advisors



"This book is a polished gem covering the analysis of financial statements. It is thorough, skeptical and extremely practical in its review."

-Daniel J. Fuss

Vice Chairman

Loomis, Sayles & Company, LP