Posts by: Guest 1

Gain on the disposal of assets, in CFO or CFI on CF?
Hi there, This is a more general accounting question. Recently I have been seeing lots of companies alternate between reporting their gain or loss on the disposal of assets in either CFO or CFI in the cash flow statement, yet, I remember learning that such disposals were typically only in CFI as it... Read More
Go to post added 11 years ago
Leveraged Buyout Overview: about goodwill
hello I am a little unclear about the accounting treatment. You mentioned the goodwill is the difference between the purchase price and the book value. But from my knowledge:if the M & A is viewed prospectively (restate everything and look forward) by treating the transaction as a purchase. ... Read More
Go to post added 11 years ago
Options Exerciseable versus Outstanding - Complex LBO
Can you assist in definitions for me as a little confused, this also applies to the Quick & Dirty Dilution model: 1. Options Outstanding: options currently held by investors which will be exercised when stock price is in the money 2. Options Exerciseable: what is the difference between this an... Read More
Go to post added 11 years ago
Enterprise Value Formula
Hi,

In regards to the enterprise value formula, is the cash component of the formula "[i:2zdp2ksj]excess[/i:2zdp2ksj] cash" or "cash and cash equivalents" on the balance sheet? Please explain. Thanks!

Eric
Go to post added 11 years ago
question about exercisable options in an M&A transaction
For a target, in an M&A transaction, why does the fully diluted shares outstanding include all outstanding in-the-money options and not all exercisable options?
Go to post added 11 years ago
IRR>WACC, chose this project?
This is an interview question: why you do a project when WACC is 12% while IRR 10%?

I know one reason is real option that may make it more profitable later on. But what are other reasons, do you know? could you name some?
Go to post added 11 years ago
does the idiosyncratic risk of the company change?
does the idiosyncratic risk of the company change during the holding period? If so, does the change in idiosyncratic risk affect any calculation with respect to the LBO analysis? Why? If not, why?
Go to post added 11 years ago
Quick & Dirty Basic LBO Model: Modeling Private Cos
In the Core Merger Modelling Topics module, the models you build concern public listed companies either as acquirors or as targets. What are the effects on a model when the target is a private (not listed company) or a Business Unit that a corporation wants to dispose. For example let's as... Read More
Go to post added 11 years ago
Re: Enterprise Value Formula
ah so technically cash in the EV formula is really excess cash. Assuming I can calculate with precision, excess cash should be the number I use correct?
Go to post added 11 years ago
What is the purpose of management participation in the LBO?
What is the purpose of management participation in the LBO? Should the financial sponsors consider adding all company employees to participate in the LBO? If so, how would one structure the labor participation in the transaction?
Go to post added 11 years ago