Expert’s Analysis of Business Interruption Loss Breaks Over Selection of Growth Rate
Expert’s analysis of business-interruption losses breaks down over selection of a revenue growth rate from a short (five-month) period prior to the business injury.
Manpower, Inc. v. Insurance Co. of Pennsylvania (I)
Expert’s analysis of business-interruption losses breaks down over selection of a revenue growth rater from a short (five-month) period prior to the business injury.
Bankruptcy Court Indicates Strong Preference for Market Approach, Price Per Subscriber Multiple
This trial court matter involves an adversarial proceeding in bankruptcy in which the liquidating trustee asserts that USN Communications,Inc.'s ("the debtor") purchase of Connecticut Telephone and Connecticut Mobilecom (CT Tel) stock from the Hatten sellers for $68 million was a fraudulent transfer.
Peltz v. Hatten
Adversarial proceeding in bankruptcy in which the liquidating trustee asserts fraudulent transfer of stock.
Evidence Supported 15% Long-Term Growth Rate; Court Reduces DLOM
Vetco Inc. is a private, closely held corporation. Kenneth Wolk is Vetco's minority shareholder.
In re Vetco, Inc.
Vetco's minority shareholder commenced this proceeding to dissolve Vetco and Vetco opted to purchase Wolk's shares in lieu of dissolution.
Tax Court Considers QMDM and Restricted Stock Studies in Determining Discount for Lack of Marketability
In November 1992, the Petitioners gifted shares of St. Edward Management Co. (the "Company") common stock to their children.
Janda v. Commissioner
In November 1992, the Petitioners gifted shares of St. Edward Management Company (the "Company") common stock to their children. Each gift represented approximately 5.3% of the outstanding shares of common stock. St. Edward Management Co. owned 94.6% of the common stock of the Bank of St. Edward (the Bank), a bank located in a small agricultural community in Nebraska.
How to price Internet IPOs in these wild appreciation days
In this article an nvestment banker explains how IPOs are priced in general and why, that Internet stocks are priced on a price/revenue basis because they have no earnings, and how his firm uses a "Du ...
Yes, you can calculate precisely the present value of a growing annuity
On page 276 of Christopher Mercers text, Quantifying Marketability Discounts , Mr. Mercer states, "[W]e know of no precise formula to calculate the present value of a growing annuit ...
Correct model depends on growth forecast
I understand the principle of capitalizing earnings projected for the next year, however I have difficulty in assessing the growth rate impact when using a multiple period earnings base. Un ...
New studies quantifying size premiums offer strong cost of capital support
Roger Grabowski is a partner and national director of Price Waterhouse LLP Valuation Services Group. David King is a manager with Price Waterhouse LLP in their Chicago office. This repor ...