Free BVResources to help with Year-End CPE
As the calendar year winds down BVR’s teleconference series continues apace with two outstanding teleconferences in December, each featuring a free download for your reference. First, BVR’s Teleconference Series on Healthcare Valuation will conclude with its third installment on Thursday, December 3. Featuring three contributors to BVR’s Guide to Healthcare Valuation – Don Barbo on [...]
Economic Outlook Update releases latest quarterly analysis of business spending
The lastest data from Business Valuation Resources (www.bvresources.com) was released this week, and it shows growth in most categories of business investment. According to Economic Outlook Update, business spending, also known as nonresidential fixed investment, continued to drop during the third quarter of 2009, decreasing at a rate of 2.5%. The third quarter’s decline is [...]
Pratt’s Stats accelerates the number of market-leading transactions
Business Valuation Resources just updated Pratt’s Stats®, our premier database of sold private company sales, with an additional 81 deals. The database now includes details on 14,582 closed deals with sale dates through 10-23-2009. Pratt’s Stats includes detailed information on private company sales – details that include a business description, income statement, balance [...]
We can’t expect all private company buyers to act the same way!
Nancy Fannon and Heidi Walker, whose new Guide to transaction databases comes out this week from BVR, sent us the following comment about the fact that individual transactions rarely all share the same characteristics: “The transaction data provided by the databases is sometimes maligned for a variety of reasons, with protractors citing the difficulty of [...]
Hitchner offers helpful hints to Pratt’s Stats users
Nearly all appraisers use private transaction databases, the most common and extensive being Pratt’s Stats. Nancy Fannon and others have warned about errors that result when appraisers average comparables, for the obvious reason that not all sellers and buyers structure deal terms similarly. The best analysis of how to use Pratt’s Stats and other transaction [...]
BizMiner offers cash flow statements as part of their industry financial products
A 15-line cash flow analysis as a regular feature of every transaction has been added to the BizMiner database. BizMiner’s Cash Flow Analysis includes three sections: Operating Cash Flow, including net profit and changes in various balance sheet line items from the prior year; Investing Activities, measured by the change in long term assets from [...]
Jim Cramer of “Mad Money” says BUY Duff & Phelps stock
Who says business valuation isn’t a good investment? Certainly not media-savvy Jim Cramer, who spent almost eight minutes two nights ago convincing his huge audience that the “business valuation firm” Duff & Phelps is an amazing investment opportunity. Suddenly, we’re the darling of Wall Street! http://plus.cnbc.com/rssvideosearch/action/player/id/1324798434/code/cnbcplayershare
New six-month holding period transactions added to FMV Restricted Stock Study
After BVR’s free webinar on The FMV Restricted Stock Study™ last week with Lance Hall (see his slides), FMV added new transactions. This update—the second in the last four months—includes 43 transactions from the new six-month holding period. Lance explained the new data, how to use the database the way FMV Opinions does (complete with [...]
Lack of “three approaches” gets experienced appraiser “Dauberted”
First, the federal district court found the defendants breached a twenty-year lease for a nursing home facility and owed the plaintiff/landlord over $370,000 in back rent. The landlord also claimed over $10 million in lost future payments, and presented a credentialed BV expert—the director of a valuation/litigation practice with more than 500 past valuations—to provide [...]
Butler Pinkerton Calculator adds Canadian market data
Last Friday BVR flipped the switch on the Butler Pinkerton Calculator™ (BPC) so that it now accepts Canadian stock tickers and includes the Toronto Stock Exchange (TSE) as a market proxy (S&P;/TSX Composite).This adds another tool to the Canadian appraisers’ toolbox when determining the total cost of equity (TCOE) and company-specific risk for valuation engagements. [...]
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