Investments, tenth edition

 17.5  Business  Cycles 

566

The Business Cycle / Economic Indicators / Other 

Indicators

 17.6  Industry  Analysis 

571

Defining an Industry / Sensitivity to the Business Cycle / 

Sector Rotation / Industry Life Cycles

Start-Up Stage / Consolidation Stage / Maturity Stage / 

Relative Decline

Industry Structure and Performance

Threat of Entry / Rivalry between Existing Competi-

tors / Pressure from Substitute Products / Bargaining 

Power of Buyers / Bargaining Power of Suppliers

End of Chapter Material  582–590

CHAPTER 18

Equity Valuation Models  591

 18.1  Valuation by Comparables  591

Limitations of Book Value