Why Analysts Should Consider the Asset Approach for Going Concerns
Weston Kirk and Robert Reilly, who are both with Willamette Management, urge analysts not to reject the asset approach for going concerns automatically. And they stress (multiple times) that the asset approach is not the same as the cost approach.
Valuing Nightclubs, Bars, and Adult Cabarets
That’s the title of the latest installment in BVR’s What It’s Worth series of industry-specific valuation guides.
BV News and Trends May 2022
A monthly roundup of key developments of interest to business valuation experts.
Holy cow! New York Yankees hit $6 billion in value
That’s what the legendary announcer Phil Rizzuto would be yelling over this news.
Mercer continues to examine appraisal review
After a hiatus from his blog, veteran valuer Chris Mercer (Mercer Capital) certainly has made up for lost time.
Book Review: Understanding Business Valuation, 6th Edition
Gary Trugman (Trugman Valuations) has updated his book, which shows you how to apply valuation theory with practical examples from actual engagements and sample valuation reports, written in an easy-to-understand style.
Additional Takeaways From the 2021 ASA International Conference
Interesting sessions covering risk-free rates, equity risk premia, expert testimony, appraisal reviews, cannabis valuations, and more from the American Society of Appraisers’ International Conference, held in Las Vegas.
BV News and Trends March 2022
A monthly roundup of key developments of interest to business valuation experts.
Mercer examines appraisal review
After a two-month break from his blog, veteran valuer Chris Mercer (Mercer Capital) has started a series of thoughtful posts focusing on appraisal review, a process he deems “essential.”
Whatever Happened to Specific Company Risk? Accounting for Management Risk in Private Partnerships
Multidisciplinary valuation projects set many traps for the unwary. Join Dennis Webb to learn about one such trap that affects virtually every asset holding company valuation because the real property appraiser and business valuer usually don’t know what the other needs. For specific company risk, such an omission can be quite a big deal.
Trugman’s Understanding Business Valuation has hit the stands!
The PDF version of the new sixth edition of Understanding Business Valuation (UBV6) has been published and is now available.
Court addresses use of asset approach for a going concern
Many valuation experts rarely (or never) use the asset approach for an operating business.
BV News and Trends February 2022
A monthly roundup of key developments of interest to business valuation experts.
The first thing to look at in a strip club
When valuing an adult entertainment venue or nightclub, one of the most important things to examine is the point-of-sale (POS) system.
Latest editions of two BVR yearbooks now available
Over 70 articles and hundreds of news items are included in the Business Valuation Update Yearbook, 2022 edition.
Valuers Converge (in Person!) at the ASA International Conference
This is a recap of some sessions covering small promissory notes, shareholder disputes, sports businesses, valuing defensive patents, IRS news, competing appraisals, and more. Over 600 valuation experts from all disciplines came together for the American Society of Appraisers’ International Conference in Las Vegas, October 24-26. This was a hybrid event, and many of the attendees were on-site.
Items of Interest Gleaned From the ASA Conference Networking Ops
BV firm staffing troubles, Shannon Pratt’s video remarks about his new book, a new app for fractional interests, a heightened interest in businesses with a real estate component, and help needed in developing a new module for the Cost of Capital Navigator are just some of the things we learned outside the regular sessions at the ASA conference—in and around the exhibit hall and during the many networking breaks.
BV News and Trends December 2021
A monthly roundup of key developments of interest to business valuation experts.
Damodaran on the CEO mismatch
Assessing management is a key part of the valuation analysis of a subject company.
BV luminaries celebrate Festivus
What are the bugaboos of leading BV practitioners? For Roger Grabowski (Duff & Phelps/Kroll), it’s errors he sees in estimating long-term growth rates—he contends that analysts should not be using long-term real GDP growth plus expected inflation.
What’s your BV beef? Join the BV Festivus tomorrow, December 9!
In the final episode of BVR’s Power Panel for 2021, a lineup of legendary experts will have a Festivus-themed conversation—with a BV twist.
‘Author’s Notes’ highlight Trugman’s new book
BVWire has been getting a sneak peek at some of the revised chapters in the new, sixth edition of Understanding Business Valuation by Gary Trugman (Trugman Valuation).
Personal goodwill likely in martial estate in Wyoming divorce case
In Wyoming, personal goodwill is not part of the marital estate, but it’s likely that some was included in a recent case.
Trugman reveals the ‘easiest trap’ in a valuation engagement
BVWire has been getting a sneak peek at some of the revised chapters in the new, sixth edition of Understanding Business Valuation by Gary Trugman (Trugman Valuation).
Recap of the VSCPA Forensic and Valuation Virtual Conference
Topics at the Virginia CPAs’ event included COVID-19, the use of statistics for lost profits, key federal tax cases, personal goodwill, forensics, reasonable compensation, and cybercrime.