Test-drive a formula for quantifying the risk of contract renewal
When valuing a business that depends on contracts, licenses, or permits for its future cash flows, how do you take into account the risk of nonrenewal?
What’s it like to be on the IRS audit hot seat?
Find out during a special four-hour workshop that pits a former IRS manager against a business valuer in a mock estate tax audit.
Small biz not keen on growth prospects
Although profitability and borrowing success rates are up for small businesses (less than $5 million in revenue), this has not led to increased expectations for business performance or growth, according to the Q2 2018 Private Capital Access Index (PCA Index) from Pepperdine Graziadio Business School and Dun & Bradstreet.
Expert’s Detailed Risk Analysis Bolsters Use of Deep Discount in Law Firm Valuation
In buyout dispute over law firm interest, court credits firm’s expert, noting his extensive relevant experience, his taking care to value interest under fair market value standard, as required by the partnership agreement, and his detailed risk analysis to support a deep discount.
Fredericks Peebles & Morgan LLP v. Assam
In buyout dispute over law firm interest, court credits firm’s expert, noting his extensive relevant experience, his taking care to value interest under fair market value standard, as required by the partnership agreement, and his detailed risk analysis to support a deep discount.
Book Review: The Cannabis Industry Accounting and Appraisal Guide
Neal Beaton reviews an “indispensable resource” for investors, owners, managers, attorneys, accountants, and valuation analysts alike working with or alongside professionals within the evolving cannabis industry.
BVU News and Trends August 2018
A monthly roundup of key developments of interest to business valuation experts.
Storytelling with data
A big seller at the Wiley booth at the NACVA conference in Las Vegas was a book titled Storytelling with Data.
Agita at casual dining chains
A Wall Street Journal article reveals that many larger casual-dining spots are struggling, but many under new management are reinventing themselves in order to compete.
Paper examines cost of capital for banks
A new paper analyzes the cost of capital for banks during the financial crisis and in relation to the Dodd-Frank Act and Graham-Leach-Bliley Act.
Market research for the cannabis industry
Business appraisers who are valuing firms in the cannabis industry have a new resource for market research: The State of Legal Marijuana Markets, which is published by ArcView.
Valuation of power plants
A paper published in the European Journal of Operational Research examines the valuation of renewable, conventional, and storage power plants.
‘Breaking Bad’ in the Business Valuation Profession
The increasing use of calculation engagements seriously compromises the valuation profession’s historical standards of reliability and independence.
BVU News and Trends July 2018
A monthly roundup of key developments of interest to business valuation experts.
New resource for valuation of cannabiz
The Cannabis Industry Accounting and Appraisal Guide is a new book from Canna Valuation, a firm devoted to the licensed and regulated cannabis industry.
‘Breaking Bad’ in the BV profession
Just like the character in the hit drama series, some good appraisers are going “bad” by doing calculation engagements—dubbed “valuation meth” by Michael Paschall (Banister Financial Inc.) in a new article.
Read this case before writing your next valuation report
Not long ago, we were at a conference where the speaker asked the audience whether anyone was familiar with the Gallagher case.
Hints of optimism in the apparel industry
Although e-commerce keeps chipping away at traditional brick-and-mortar retail, “hints of optimism have emerged within the sector,” according to the Duff & Phelps “Quarterly Apparel Report” for spring 2018.
CEOs see moderate growth in U.S. economy
A survey from KPMG finds that, even though CEOs are highly confident about the U.S. economy, only moderate growth is predicted.
Appeals Court Validates Trial Court’s Reliance on Calculation of Value
Appeals court rejects claim that expert’s value determination pursuant to a calculation engagement rather than a valuation engagement was unreliable; trial court properly considered limitations inherent in a calculation engagement when crediting expert’s value estimate, appeals court says.
Rohling v. Rohling
Appeals court rejects claim that expert’s value determination pursuant to a calculation engagement rather than a valuation engagement was unreliable; trial court properly considered limitations inherent in a calculation engagement when crediting expert’s value estimate, appeals court says.
LEI points to robust growth throughout 2018
Despite the volatility in the stock markets and the weakness in housing construction metrics, the Leading Economic Index increased 0.6% in February, which marked the fifth consecutive month of gains for the index, according to the latest monthly Economic Outlook Update (February 2018 issue).
ASA BVers convene in Houston for the Advanced BV Conference
The conference sessions were an excellent mix of theory and practice—ideas that you can use in your practice right away.
Damodaran puts high value on narrative
"In a good valuation, the numbers are bound together by a coherent narrative, and storytelling is kept grounded with numbers," says Dr. Aswath Damodaran (Stern School of Business, New York University).
Exclusive survey reveals industry research sources of choice
IBISWorld and RMA are the two sources valuation experts cite most for industry research, according to a BVR exclusive survey.