Do Not Be Afraid to Take Much Higher Discounts During the Recession

Business Valuation UpdateVol. 15 No. 8
August 2009
Lance Hall, ASA
valuation methods & approaches
FMV restricted stock study, restricted stock, discount for lack of marketability (DLOM), coronavirus, COVID-19

Summary

The latest 2008 restricted stock data provide concrete proof that the discounts for lack of marketability have never been higher. By tying the VIX—the ticker symbol for the Chicago Board Options Exchange Volatility Index, a popular measure of the implied ...