Valuation

"Shareholder value tracks a company's intrinsic value based on discounted cash flows. While valuable for strategic analysis, DCF cannot be used to assess historical performance or set short-term targest. Financial indicators like revenue growth and ROIC drive DCF values and can be used to set targets and track performance. Financial indicators, however, must be supplemented with strategic and operating value drivers that provide insights about where a company's performance is heading."

pg. 71, Valuation: Measuring and Managing the Value of Companies, 3rd edition (University Edition), McKinsey & Company, Inc., Tom Copeland, Tim Koller, and Jack Murrin.

A few good sites

www.grahamianvalue.com

www.shaidardashti.com

http://arpitranka.blogspot.com/

http://fundooprofessor.blogspot.com/

http://www.berkshirehathaway.com/

http://www.3gv.blogspot.com/

http://www.sandmansplace.com/Buffett_Investing.html (my favorite)

http://www.permanent-value.com/

www.gannononinvesting.com