BVR special report on using management projections in valuation available now
Forecasts and projections are keys to determining a company’s value, but when was the last time you simply plugged what you received from management without adjustments? But what standard of care should you use, and how hard should you battle to normalize your own DCF analyses? In Using Management Projections for Valuations, BVR delivers meaningful [...]
Two new ways to train your valuation staff in key specialities
BVR’s two newest Desktop Learning Centers are up and running: Litigation IP A small sampling of the training modules available at the IP Desktop Learning Center for the first time include: Advanced Workshop on Valuing Early Stage IP An IP Cost of Capital Model The Critical Intersection of IP Valuation and Fair Value for Financial [...]
Sample case law abstracts added to BVLaw recently
Now available on BVLaw: In re Answers Corp. Shareholders Litigation, 2011 WL 1366780 (Del. Ch.)(April 11, 2011) DE Chancery Court approves sale of hard-to-value internet company, even though lack of any long-term forecasts prevented DCF analysis, and fairness opinion had to rely on market approach despite lack of truly comparable public companies. Experts: Mary O’Connor (plaintiffs); [...]
Just Announced: BVR’s Online Symposium on Litigation and Economic Damages
BVR is pleased to announce the launch of the Online Symposium on Litigation and Economic Damages, a 12-part webinar series focusing on issues relating to what every financial-expert should know when preparing or presenting material to the court. Curated by editors of BVR’s Comprehensive Guide to Lost Profits Damages for Experts and Attorneys, expert appraiser [...]
Current sources of bond data for valuing promissory notes
G. Matt Barberich (Marks Nelson Vohland Campbell Radetic) is valuing a promissory note/receivable, and has asked analysts on LinkedIn’s BV Professionals group for the “best resource available to obtain current yields of notes of varying degrees of default risk (e.g., S&P ratings of Aaa, Baa, C, D, etc.), other than Moody’s Aaa and Baa corporate [...]
Harrington emphasizes key advantages of D&P Risk Premium Report
The Duff & Phelps Risk Premium Report and the Ibbotson SBBI Valuation Yearbook dominate the market for ERP and related cost of capital data. But, the fact that the D&P Report publishes specific information about the companies that comprise its portfolios “ enables analysts to gauge how similar (or dissimilar) their subject companies are to [...]
Large security industry deal highlights other smaller private equity deals
Bain Capital and Hellman & Friedman have agreed to acquire Securitas Direct from EQT for $3.2 billion, with an additional $138.6 million performance contingency thrown in. This deal was reported this morning by Pitchbook, BVR’s partner for the Guideline Public Company Comp Tool. Pitchbook tracks private capital deals–providing this summary of activity in the security markets over [...]
Fourth tax case to uphold defined value clause
In a long-awaited decision (two and a half years after trial), the U.S. Tax Court just upheld the defined value formula clauses that set the fair market value of transfers of private company stock in a gift/sale transaction. The defined value clauses—which limit gift tax exposure from the transfers—were not contrary to public policy, the [...]
Good example of BV firm branding
Decosimo CPAs sent BVR a great press release describing their leadership at next week’s 11th Annual Valuation of Hard-to-Value Securities and Portfolios Conference hosted by the Financial Research Associates (FRA) on June 28-29 in New York City. Decosimo’s Karl J. Jordan is chair of the event. Marshall Harvey, CPA.CFE, an assurance principal with Decosimo’s investment [...]
BVR Guides now e-Book and Kindle-friendly
BVR is pleased to announce that many of our publications are now available in e-Book and Kindle formats. BVR has seen an increase in requests for e-Book versions. Colin Murcay, Director of Guides and Books at Business Valuation Resources, reminds appraisers that “E-Books offer several advantages, including instant access, searchability, and portability.” These BVR guides are currently [...]
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