According to Robert Schlegel, a principal with Houlihan Valuation Advisors, “Public company trades are the best fundamental barometers of general market conditions that we have. Valuation implies an appraisal opinion at a date in time that reflects, as IRS Revenue Ruling 59-60 points out, 'the economic outlook in general and the condition and outlook of the specific industry in particular.' Common standards of Fair Market Value and Fair Value (for financial reporting) imply our examination of market transactions and intentions of market participants. Therefore, an appraisal that ignores market evidence really is not an appraisal.”
Indeed, experts agree that no tool in business valuation more accurately captures current economic conditions or volatility as the Guideline Public Company Method (GPCM), and there has never been a better opportunity—or need—to develop a complete understanding of this increasingly essential valuation method. With this in mind, on March 26 and 27 at the Deauville Beach Resort in Miami, Florida, BVR will host an intensive day-and-a-half workshop on the GPCM, hosted by Schlegel. Attendees will develop a complete understanding of the GPCM and its effective application in all aspects of business valuation. Twelve CPE credits are available to attendees. To find out more about guideline public company research, check out this week’s free download, Wrestling with Guideline Public Market Evidence: What You Need to Know, now available at BVResources. To hear a podcast interview with Rob about the session and to register for this very important event, click here
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