RoastBeef

Thanks FIresearch and willsucceed - that's helpful.

As an anlyst, are you even concerned with how a company's stock has performed? Is it even necessary to try and forecast the total enterprise value of a company to assess if it's debt is attractive? Would you even be concerned about looking at total enterprise value relative to a company's amount of debt?

Or are the more important factors comparing a specific corporate maturity to a group of peers and trying to assess profitability, ability to paydown debt, future cash flow, etc - and than one would expect the companies with more attractive fundamentals would have lower yields - and if not, then this could be a buying opportunity?

Is this the right way to think about things? I've completed all three levels of the CFA program and am trying to give myself a good refresher - looking at an old Fabozzi book I had from undergrad too...From what I've seen in texts - value investment strategies aren't really covered in much detail. Just trying to get a sense as to how it's actually done in practice. Thanks.