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Mergers & Acquisitions: Valuation

Tom Spencer

LAST post, I highlighted the importance of strategy when considering the viability of a potential acquisition; however, before a final decision can be made, a consultant needs to estimate the value of the target company. “Price is what you pay. Value is what you get.” ” ~ Warren Buffett.

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. Dexia has around $700 billion on its balance sheet, but like many banks it requires access to short term funding. Business Strategy. Case Interviews. How could Dexia fail? The short answer is, surprisingly easily.

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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”. Business Strategy. Case Interviews. Graduate Consulting Group. Categories. Select Category.

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Coronavirus & Consulting Offers

Tom Spencer

They just went through, at great expense, the interviewing and hiring of a new “class” of undergraduate consultants. If the firms don’t have a strong balance sheet, if they foresee a potential cash flow problem, or if they have clients in particularly hard hit industries, I’d be concerned. Today, not so much.

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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. For its part, Nikon focused on cost optimization opportunities and balance sheet management when communicating to value-oriented investors and on long-term structural changes when communicating to growth-oriented investors. What he heard was uncomfortable.

Company 104
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Human Resources Management – How to Get Started

Tom Spencer

Human resource teams are critical to the growth of a company since employees typically represent both the biggest operating expense and largest off-balance sheet asset for most businesses. They look for several details such as education, previous experience, and goals for the new role in extensive interview processes.

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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. If there are debts owed by each organization, then the M&A process may increase the total balance sheet debt of the combined company. Conclusion. An empowered decision is required.