I just bought "Real Option Analysis" by Mun. Haven't started reading it yet. From the comments on it it looks a better book than Copeland's " Real Options for Practitioners".Any inputs regarding the use of real options in practice?

<t>I was referring to Bernstein & Pigler's research which is in L2 curriculum. Thanks Grizzly for your input. Sorry I'm not an equity analyst so my own research would not be thorough enough compared with professionals(eg. some financial audits I downloaded from website don't show footnotes etc.....

<t>A research using data between 1987 and 1993 demonstrates that EVA is a no better estimate in stock selection than the traditional ROE approach. However there were probably less accounting manipulations disclosed than more present. Would EVA be a better stock-picker during 1997-2003 time horizon? ...