Here’s what you’ll see:

• “Assessing Additional Economic Risk Due to COVID-19” (Ronald L. Seigneur, CPA/ABV, CVA, ASA, Seigneur Gustafson LLP). A template that can serve as a framework of thinking about the impact of the coronavirus on a subject company. The author presents a series of questions that help assess the short- and long-term risks with respect to the subject company’s industry, physical operations, financial issues, and firm management.
• “Alternate Valuation Methods in the Era of COVID-19” (Daniel R. Van Vleet, ASA; Joseph W. Thompson, CFA, ASA; William P. McInerney, ASA; and David J. Neuzil, CFA; Griffing Group). The authors address the impact of COVID-19 on the capital markets and offer alternate valuation methods that should be considered in these turbulent times.
• “ESOP Case Appeal Stokes Controversy Over DOL Valuations” (BVR Editor). A series of court cases have generated controversy over the tactics and valuation methods the Department of Labor (DOL) has been using, including claims that the DOL has improperly redefined the term “fair market value,” does not follow generally accepted valuation principles nor standards, and continually uses an expert the valuation community deems “unqualified.”
• “Damage Valuation in a Financial Advisor Termination Case” (Howard A. Buchler, JD). In a wrongful termination of a financial advisor, the damage calculation involves a determination of the value of the advisor’s book of business at the time of termination as well as consequential and any special damages.
• “Cost of Equity and COVID-19: What to Do?” (Peter J. Butler, CFA, ASA, Valtrend). Using a forward-looking approach, implied volatilities, and total beta to determine an appropriate cost of equity during “unprecedented” times such as we have now to supplement one’s analysis.

The issue also includes:

• An expanded section of “BV News and Trends/Global BV News and Trends.”
• Regular features: “Ask the Experts” and “Tip of the Month.”
• BV data spotlight: “DealStats MVIC/EBITDA Trends,” “FactSet Mergerstat/BVR Control Premium Study,” “Economic Outlook for the Month,” and the “Cost of Capital Center.”
• BVLaw Case Update: The latest court cases that involve business valuation issues.

To stay current on business valuation, check out the June 2020 issue of Business Valuation Update.