Posts by: WST Expert 1
Re: Gain/Loss on Derivative for Oil & Gas Company
It shouldn't matter. Non-cash gains /losses are typically due to mark to market and go through OCI as they are likely classified as AFS securities and shouldn't change original analysis.
It shouldn't matter. Non-cash gains /losses are typically due to mark to market and go through OCI as they are likely classified as AFS securities and shouldn't change original analysis.
Re: Year of statements inquiry
Recall that for the retail sector, fiscal years end in January. Thus, January 2006 = Fiscal 2005 per the videos.
Recall that for the retail sector, fiscal years end in January. Thus, January 2006 = Fiscal 2005 per the videos.
Re: breakeven stock price stock vs cash deal
The illustrative offer price comes out of your valuation model. The process for every transaction is the same: 1) build financial projection model for future profits and cash flow 2) build valuation model (fundamental and relative valuation) 3) do the deal - whether an M&A or LBO, etc Of cours... Read More
The illustrative offer price comes out of your valuation model. The process for every transaction is the same: 1) build financial projection model for future profits and cash flow 2) build valuation model (fundamental and relative valuation) 3) do the deal - whether an M&A or LBO, etc Of cours... Read More
Re: WST Macros Add-In not appearing on toolbar
In Excel for Mac 2016, the menu/ribbon does not show up, but the shortcut keys all work. The natural downside to this is that any functions without shortcut keys cannot be accessed. This is due to Microsoft’s decision to exclude certain code functionality in their latest versions of Excel for M... Read More
In Excel for Mac 2016, the menu/ribbon does not show up, but the shortcut keys all work. The natural downside to this is that any functions without shortcut keys cannot be accessed. This is due to Microsoft’s decision to exclude certain code functionality in their latest versions of Excel for M... Read More
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added 10 years ago
NOTICE
Trying to get property of non-object
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#54
Re: Gain/Loss on Derivative for Oil & Gas Company
Historically, we typically do not adjust because it is considered recurring. Exceptions might be one-time shock events, but even then, it depends because chances are their comps will have similar impact. Exceptions apply of course - if one company hedges a lot and one doesn't, then you might want to... Read More
Historically, we typically do not adjust because it is considered recurring. Exceptions might be one-time shock events, but even then, it depends because chances are their comps will have similar impact. Exceptions apply of course - if one company hedges a lot and one doesn't, then you might want to... Read More
Re: Mac excel Background
Unfortunately, there is no option to set the gray window background on the Mac. This, among other reasons, is why we commonly suggest using VMware Fusion or similar products to run Excel on Windows even when using a Mac computer. Highlighting the entire sheet as gray may be a temporary solution w... Read More
Unfortunately, there is no option to set the gray window background on the Mac. This, among other reasons, is why we commonly suggest using VMware Fusion or similar products to run Excel on Windows even when using a Mac computer. Highlighting the entire sheet as gray may be a temporary solution w... Read More
Re: TEV
Yes, that is what we said in the original reply.
In the future, please provide more specifics in your questions.
Thank you.
Yes, that is what we said in the original reply.
In the future, please provide more specifics in your questions.
Thank you.
Re: TEV
Once again, TEV assumes appropriate level of working capital that does not required additional funds, i.e. a run-rate company and if you have working capital shortfalls, you may not be a going concern. If you have a (small) shortfall of working capital to sustain the day-to-day business, then ye... Read More
Once again, TEV assumes appropriate level of working capital that does not required additional funds, i.e. a run-rate company and if you have working capital shortfalls, you may not be a going concern. If you have a (small) shortfall of working capital to sustain the day-to-day business, then ye... Read More
Re: TEV
For traditional definition of TEV please refer to our Corporate Valuation class: Equity Value (market value) + Total Debt (financial interest bearing negotiated securities) - Cash (should be excess cash but most people use total cash) + Preferred + Minority Interest (or NCI). For specific sub-... Read More
For traditional definition of TEV please refer to our Corporate Valuation class: Equity Value (market value) + Total Debt (financial interest bearing negotiated securities) - Cash (should be excess cash but most people use total cash) + Preferred + Minority Interest (or NCI). For specific sub-... Read More
Actually it was $500MM of costs in that year - so if life is 10 years, that means they misclassified $5 BIL (assuming straight line) in total assets.
Worldcom actually ended up with over $8 BIL in total expenses misclassified => that implies $80 BIL of assets assuming 10 year straight line.