Posts by: Guest 1
Deal Comps Analysis: Deal Info Source?
Hi,
Would I be correct in saying that the deal info source (besides the bloomberg printouts) are from the 8K? If not, where is it from?
Hi,
Would I be correct in saying that the deal info source (besides the bloomberg printouts) are from the 8K? If not, where is it from?
Displaying Color Info
[b:2azaf549]Why I'm Asking[/b:2azaf549]: I have a list of dozens of different job positions I am trying to sort and classify. The conditional formatting of "Text begins with" "text ends with" and "Text Contains" is the best way I know to easily color code then sort the... Read More
[b:2azaf549]Why I'm Asking[/b:2azaf549]: I have a list of dozens of different job positions I am trying to sort and classify. The conditional formatting of "Text begins with" "text ends with" and "Text Contains" is the best way I know to easily color code then sort the... Read More
How do you maximize earnings accretion?
Full Question:
What are different ways to structure a transaction in view of maximizing earnings accretion?
Full Question:
What are different ways to structure a transaction in view of maximizing earnings accretion?
RE: Is DCF a pre- or post-tax value?
Right! I see. It's all because the dcf attempts to show cash flows to ALL STAKEHOLDERS. Thus, the TV based on terminal mult will give you the value of the business to ALL STAKEHOLDERS! And to select the terminal mult: do you look at market mults or precedent m&a deal mults? Ie is the dcf a con... Read More
Right! I see. It's all because the dcf attempts to show cash flows to ALL STAKEHOLDERS. Thus, the TV based on terminal mult will give you the value of the business to ALL STAKEHOLDERS! And to select the terminal mult: do you look at market mults or precedent m&a deal mults? Ie is the dcf a con... Read More
Re: Core Model Enhancements - Tax Schedule
Thanks--but this seems to contradict the treatment on line 18. In other words, in one cell (G12), it's added back because it is not tax-deductible, but in the other cell (G18), it is not being added back to calculate income taxes.
Shouldn't it increase taxable income in both calculations?
Thanks--but this seems to contradict the treatment on line 18. In other words, in one cell (G12), it's added back because it is not tax-deductible, but in the other cell (G18), it is not being added back to calculate income taxes.
Shouldn't it increase taxable income in both calculations?
Re: Advanced Excel for Data Analysis--newer version?
I will go through again to make sure I was not doing something wrong, but in the Regression video, I could not get the best fit line to come up on the chart. That is what prompted me to post.
Thanks.
I will go through again to make sure I was not doing something wrong, but in the Regression video, I could not get the best fit line to come up on the chart. That is what prompted me to post.
Thanks.
How can a Company with little cash do an all-cash deal?
Full Question:
What is the feasibility of all-cash transaction when the Company has little cash on Balance Sheet (determine borrowing capability of Company)?
Full Question:
What is the feasibility of all-cash transaction when the Company has little cash on Balance Sheet (determine borrowing capability of Company)?
RE: WACC tax rate adjustment for bea
The only reason one could defensibly assume a normalized regular company is that the comps' effective tax rates have wildly varied historically, and you're just trying to get a normalized regular view of the world, right?
The only reason one could defensibly assume a normalized regular company is that the comps' effective tax rates have wildly varied historically, and you're just trying to get a normalized regular view of the world, right?
RE: Deal Comps Analysis: Deal Info Source?
Or rather, there seems to be a .txt file between the bloomberg printouts and the 8K in some of the notes. Would this be a PR, or something else?
Or rather, there seems to be a .txt file between the bloomberg printouts and the 8K in some of the notes. Would this be a PR, or something else?
Thank you for your response. The deferred maintenance liabilities relates to software maintenance contracts. Normally the company receives cash upfront at the start of the 3 year maintenance contract and then has an obligation to perform on such contract over the 3 year period. These obligations ... Thank you for your response. The deferred maintenance liabilities relates to software maintenance contracts. Normally the company receives cash upfront at the start of the 3 year maintenance contract and then has an obligation to perform on such contract over the 3 year period. These obligations are what the deferred maintenance liability account balance on the balance sheet are comprised of. Each month, this liability is reduced as the company recognizes a portion of the maintenance contract revenues into income.
Much of the cash received from these contracts may have already been spent by the existing owner and therefore, the new owner of the business would still be liable to perform on these maintenance contracts even though the cash that was originally received for these contracts are no longer available to the new owner to cover the related expenses of performing on these contracts.
In addition, when the original maintenance contract is just about to expire, the company will invoice customers about 30 to 90 days in advance of the termination of the original contract. The company will record the maintenance contract revenue on these renewal maintenance contracts upon invoicing and not when the maintenance contracts are accepted by the customer.
I understand that normally TEV + cash - debt = Equity Value. However in this case, how would you treat the deferred maintenance liability which is shown below the current liabilities but above the stockholder's equity section on the balance sheet considering 1) the fact that some of the cash that has been collected on the maintenance contracts is no longer at the company and 2) that some of the deferred liability represents future obligations that are booked prematurely because the company invoices 30 to 90 days in advance of the termination of the original contract and will record the maintenance contract revenue and liability on these renewal maintenance contracts upon invoicing and not when the maintenance contracts are accepted by the customer.
Thank you in advance for your help!! Read More