Fwd: Sam Rainsy's new finance book

[samlot chit]

The Unfolding Story of Bloom Energy
Is Now Available on Amazon

I am pleased to announce the publication of my new book:

The Unfolding Story of Bloom Energy
Behind a 1,200% Stock Price Rally in Twelve Months—and Why Earning Power Drives Stock Prices

The book examines one of the most remarkable stock market performances of recent years and addresses a fundamental question: 
What was the market actually pricing when conventional valuation measures such as the P/E ratio became negative, meaningless, or apparently absurd?

Using the PPP–SIRRIPA framework, the book argues that equity markets primarily price future earning power, not current earnings. Central to the framework is the Potential Payback Period (PPP), a dynamic extension of the traditional P/E ratio that explicitly incorporates expected earnings growth, the time value of money, and risk into a single operational measure of earning power.

More fundamentally, it introduces a practical framework for measuring that earning power consistently through prospective risk-adjusted returns implied by market prices.

Beyond the Bloom Energy case, the book contributes to a broader discussion on dynamic equity valuation and the economic and mathematical symmetry between stocks and bonds, laying the foundations for a unified framework and a common return metric for cross-asset valuation.

The book features a Foreword by Professor Patrice Poncet, former Professor of Finance at the Paris University (Paris 1 Panthéon-Sorbonne), Emeritus Professor of Finance at ESSEC Business School, and co-author of the leading academic textbook Capital Market Finance.

In his Foreword, he highlights several distinctive contributions of the PPP–SIRRIPA framework, including:

"The PPP (Potential Payback Period) ... provides a useful (in fact, mandatory!) generalization of the P/E ratio."

"[It] improves on traditional metrics used by finance professionals such as the P/E ratio and the PEG ratio, by incorporating growth, discount rates, and risk... into a unified return framework."

"I am confident that, in association with traditional valuation techniques, the framework it proposes will soon be widely adopted by the profession."

The paperback edition is now available on Amazon.

I hope this work contributes to the ongoing discussion on how dynamic measures of earning power can enrich and complement traditional approaches to equity valuation.

Rainsy Sam