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Mergers & Acquisitions: Valuation

Tom Spencer

Building on information provided in Management Consulting: A Guide to the Profession , I highlight three approaches that a consultant can use when performing a valuation: Balance sheet valuation; Market based valuation; and. Valuation of discounted expected future cash flows.

Cash Flow 109
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Would a Bund by any other name smell as sweet?

Tom Spencer

ON WEDNESDAY November 23rd, an auction of German government bonds (known as “Bunds”) managed to sell only €3.6 Thirdly, European banks are currently focused on building their balance sheets not on lending. Case Interviews. Management Consulting. in Economics. How could Dexia fail? Categories.

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Greek default in all but name - Tom Spencer consulting blog

Tom Spencer

Over the last few decades, countless risky financial products were sold to investors using harmless sounding terms like “credit default swap”, “mortgage backed security”, “special purpose vehicle” and “off-balance sheet financing”. Case Interviews. Management Consulting. Graduate Consulting Group. Categories.

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M&A deals – benefits and drawbacks

Tom Spencer

Many consulting, corporate strategy, and corporate development roles require the interviewee to go through an M&A case study. Depending on the firm and specific role this case could be very strategic and operational like doing a market entry/growth-type case or very technical (i.e. An empowered decision is required.

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Midsize Cities Are Entrepreneurship’s Real Test

Harvard Business

We taught lending officers how to talk to businesses that were afraid that taking debt onto their balance sheets was riskier than maintaining a flat-growth business. We taught journalists how to interview entrepreneurs and elicit their stories of growth.

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Another Definition of Deflation: Antal Fekete Defines Deflation as a "Pathological Slowing in the Velocity of Money"

MishTalk

In an interview with the Daily Bell that just came my way, Antal Fekete writes about Blowing Up Modern Austrian Economics. Background on Velocity To understand the interview discussion, one must first understand velocity. Interview Snips I post snips of the interview below, followed by my own comments. in a Good Way.

Banking 28
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Fed Balance Sheet vs. Stock Market; Will QE Cause Inflation?

MishTalk

Case Against The Fed. Fed Balance Sheet vs. Stock Market; Will QE Cause Inflation? Fed Balance Sheet vs. Stock Market. The risk premiums of risky securities have become unsustainably compressed in the process, and the Feds balance sheet has metastasized to $3.5 Abolish The Fed Sign the Petition.