The benchmark US Treasury bond yield spiked from 1.35% in early July to about 2.50%; almost a 100% increase in 7 months! Will rates continue to spike with the so-called “reflation trade”? How would the interest rate change impact the valuation of various asset classes...
I hate to use clichés but when they help clients to understand key concepts that can get lost in technical details – I’ll use em! No pain, no gain; no guts, no glory – are ways to describe the risk vs. return decision. Investors have choices in how to invest across a...
In explaining how he adjusts a company’s cash flow for investment analysis, Warren Buffet once quoted the economist John Maynard Keynes, “I would rather be vaguely right, than precisely wrong.” Buffet’s comments mean it’s false to pretend that financial analysis is a...
At a breakfast panel I attended, the speaker said that most business valuation work is done for tax compliance and litigation purposes. He noted that these valuations are performed under the fair market value standard, which is highly theoretical and doesn’t work in...
Many business valuations are done to facilitate the transfer or sale of a business. The terms and valuation of internal transfers are often dictated in the buy-sell agreement. This is a common contract in businesses that have more than one owner. The problem is that...
Business appraisals are needed in many situations. Regardless of the situation, if your goal is an objective and reasonable result, a competent and credible expert is your logical starting point. A professional who is abreast of current best practices and able to...
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