Below are two book reviews published in the American Library Association's Booklist—Reference Books Bulletin. The first is a 1996 review of Walker's Manual of Unlisted Stocks. Immediately following is a Reference Books In Brief piece on Walker's Manual of Penny Stocks:
Walker's is aimed at folks who want to get a handle on companies that are not covered in standard business directories. Labeling them "The Undiscovered 500," this specialized investment directory profiles companies not traded on the major exchanges such as NASDAQ, companies that are public but virtually unknown, and locally traded public companies. These undiscovered companies may be attractive investment candidates. Companies included range from Rand McNally and Kohler to the Ellensburg (WA) Telephone Company. Data for this source were acquired via "numerous talks with market makers, bankers, attorneys, regulators, business development agencies, and stock brokers."

The one-page company profiles are in six sections: company description and contact information: per share information: four years of annual financial data (operating results, balance sheet, performance and financial condition): brief comments (e.g., "company entered into a joint venture agreement with...): officers/ownership information: and miscellaneous other data (e.g., SIC code, number of employees, stock symbol). Other than the introductory information, all data are presented in chart format. Unlike many business directories, the layout of Walker's is excellent. Charts are easy on the eyes, with sensible use of several typefaces and ample white space. Walker's concludes with indexes by company name, state, and SIC code. Eight specialized lists group companies by revenues, net interest income, market capitalization, price/earnings ratios, price to book value percentages, compound revenue growth percentages, compound net income growth percentages, and number of shareholders.

Investors may find this well-designed source useful in targeting companies that merit further study. However, since up-to-the-moment data are critical for investors, libraries should be aware that a number of World Wide Web sites provide information on some of the companies in Walker's. For example, searches by company name, via AltaVista, yielded information on Olokele Sugar at a USDA site about cane sugar marketing allocations and allotments (http://www.usda.gov/news/releases/). A corporate fact sheet on Knowledge Broker was found at http://www.kbi.com/facts.html. Much may be learned about the Portland Brewing Company at http://realbeer.com/portland/history.html. Using the SEC Edgar database (http://www.sec.gov/cgi-bin/srch-edgar), researchers may read the full text of Best Lock Company's 10-K report. (In addition, Best Lock is in Moody's OTC Manual.) The SEC site also provides reports for Ravens Metal Products.

...Walker's is reasonably priced and packs a lot of information. Public and academic libraries may wish to acquire it for investors needing a place to start with their research.

American Library Association. 1996. Review of Walker's Manual of Unlisted Stocks. Booklist Reference Books Bulletin, 15 October, 453.
From the publisher that brings us Walker's Manual of Community Bank Stocks and Walker's Manual of Unlisted Stocks [RBB O 15 96] comes this new guide to "the most misunderstood and maligned group of stocks in the entire marketplace." The 500 companies that are profiled were chosen on the basis of several factors, including revenue stream, financial solvency, longevity, and profitability. Among them are Filene's Basement, Frontier Airlines, and RMS Ritanic [sic], Inc.

American Library Association. 1998. Review of Walker's Manual of Penny Stocks. Booklist Reference Books Bulletin: In Brief, 1 October, 362.
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