Preview of the March issue of Business Valuation Update

BVWireIssue #161-3
February 17, 2016

A fingertip guide to what’s going on in the BV world is a new regular feature in Business Valuation Update. The guide, BV News At-a-Glance, is a quick summary of key developments from the standard setters, regulators, and VPOs, as well as noteworthy new books, research papers, and studies of interest. Plus, of course, the issue includes feature articles that give you cutting-edge food for thought as well as practical “what to do” advice on valuation issues you grapple with every day. Here’s what you’ll see for March:

DLOMs in N.Y. Statutory Fair Value Cases—A Follow-Up to Matthews (William C. Quackenbush, MBA, ASA, MCBA, BCA, ABAR). Comments on an article from the January issue:“NY’s Unfair Application of Shareholder-Level Marketability Discounts,” by Gil Matthews (Sutter Securities). The article struck a new chord in the hot debate over New York's out-of-step position with respect to the discount for lack of marketability in fair value proceedings.

Complications With Event Studies in Securities Litigation (Adrian M. Cowan, Ph.D., and Paul J. Seguin, Ph.D.). An excerpt from a chapter in the upcoming fourth edition of The Comprehensive Guide to Economic Damages, edited by Nancy Fannon and Jonathan Dunitz.

How to Avoid Tripping Up Over Subsequent Events (BVR Editor). David Laro, senior judge of the U.S. Tax Court, talks about the issue of subsequent events. The trick is knowing when you should—and should not—take this information into account in your valuations.

Appraiser Review: How Pratt’s Stats Upgrades Improve Your Search for Comps (Jessica Landay, CVA, and Ron Seigneur, CPA/ABV/CFF, ASA, CVA, CGMA). The Pratt’s Stats transaction database has recently added enhancements to help appraisers identify transactions of companies comparable to the subject company being valued, as well as to better determine comparability of the transacted companies and the subject entity.

Recent Case Points Up Danger of the Discovery Trap (Sylvia Golden, Esq.). In court, troubling documents between the appraiser and the client and attorney fell into the hands of the opposition. In a nutshell, here’s what you need to know to avoid getting into jeopardy.

Seven Tips on Cost of Capital From the AICPA FVS Conference (BVR Editor). Some notable pieces of advice and insights that can kick your cost of capital estimates up a notch—and make them more defensible.

BVU Profile: What Is the Practice of Business Valuation Like in the Middle East? (BVR Editor). An interview with Faisal Alsayrafi, ASA, CVA, CMEA, CPA, founder, president, and CEO of Financial Transaction House (FTH) in Saudi Arabia, which offers a wide range of corporate finance advisory services to a diversified client base in the Middle East.

Regular Features: BV News At-a-Glance, Ask the Experts, and Tip of the Month.

Court Case Digests: Analysis of the latest court cases that involve business valuation issues.

To read these articles and the case digests, see the upcoming March issue of Business Valuation Update (subscription required).

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