Hi All, I am based in India and currently preparing for my CFA level2 June’11 exam. Along with this I am looking for some role in Equity Research or similar kind of role. I am trying to write some research sample reports independently myself and need some help regarding this. I have seen many research reports of many top broking firms here in India. In report they mention some financial firm about targeted company and even they put estimated value for EPS, P/E and other similar ratios. For this they mention information source as Bloomberg, Reuters or sometime Broker research name itself. Now I want to ask 1 query here: 1. First how to get free information about all these Estimated data (EPS, sales,P/E etc.) from any of these database like Thomson, Bloomberg as I don’t have login for any of these. Its very costly and as an independent research I can’t afford. 2. Second, as I know all these database from where they get these estimated values. Do they have their own research analysts who estimate these data or they take value from some other independent analysts etc. Please clarify it. 3. How should I estimate all these figures myself as an independent. Since I am new in this domain and only information available with me is Company annual reports, there quarter reports, information about theirs sales etc. No discussion with company management or meeting with them or site visit. So only using the data available with me what is best approach to get Sales estimation for future 1-2 years, their EPS estimation and also book value estimation and other data useful for making a decision about company share prize. One way which I know is to calculate historical sales growth CAGR using last 5 yrs data and use that rate for future. But not necessary future will reflect past. Please answer me all these query and describe me query to estimate data which I required. Thanks in advance ! Navneet