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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

Thirdly, European banks are currently focused on building their balance sheets not on lending. While Bunds may still smell sweet, weak financial markets in Europe are a cause for concern. Weak financial markets increase the risk that one or more European banks will fail. Case Interviews. How could Dexia fail?

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Rising COVID cases, falling economy

Tom Spencer

Since the start of February this year, the Fed has expanded its balance sheet by more than $2.4 To put that in context, the Fed was created in 1913, and its total balance sheet assets only reached $2.4 trillion in assets, but only 2 months to achieve the same amount of balance sheet expansion this year.

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Coronavirus & Consulting Offers

Tom Spencer

The travel and hospitality industries have been decimated, stock markets around the world have tanked, and governments struggle to combat this devil on so many fronts. They just went through, at great expense, the interviewing and hiring of a new “class” of undergraduate consultants. Commerce has ground to a halt. Today, not so much.

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Jeremy Grantham 1999, Jeremy Grantham Today: "Over Next Seven Years, Market Will have Negative Returns"

MishTalk

I have to admit (time and time again actually), that this market has gone further, faster, than I thought possible. Over Next Seven Years, Market Will have Negative Returns" I strongly encourage you to read an interview of Jeremy Grantham, by Stephen Gandel, senior editor of Fortune : The Fed is Killing the Recovery.

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How Companies Can Use Investors to Their Advantage

Harvard Business

Immediately after joining Nikon, he decided to interview some of them. He asked one former major investor for a reaction to the company’s prediction (accompanying poor quarterly results): “that the [current] market contraction will bottom out soon and our profits will improve.” What he heard was uncomfortable.

Company 103
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M&A deals – benefits and drawbacks

Tom Spencer

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. Increased market share : assuming the two companies are in the same industry, bringing their resources together may result in larger market share.