Posts by: WST Expert 1
Re: att and t-mobile deal
All your questions are addressed in our M&A Deal Structuring course. please go to: www.wstselfstudy.com and click on Courses & Programs. Short Answer to your question: 1) AT&T is going to pay $25B in cash (ca... Read More
All your questions are addressed in our M&A Deal Structuring course. please go to: www.wstselfstudy.com and click on Courses & Programs. Short Answer to your question: 1) AT&T is going to pay $25B in cash (ca... Read More
Re: How to not auto-resize rows when using Underline
We're glad you like our macros - thanks for the vote of support! In the new Excel (Excel 2007 and 2010), as you have noted, the default Ctrl+U for underline becomes a single accounting underline instead of a "regular" underline; thus making the row height taller. Our next version of our m... Read More
We're glad you like our macros - thanks for the vote of support! In the new Excel (Excel 2007 and 2010), as you have noted, the default Ctrl+U for underline becomes a single accounting underline instead of a "regular" underline; thus making the row height taller. Our next version of our m... Read More
Re: Macro error: compile error in hidden module: thiswork
Thank you!
Looking forward to the fix!
Thank you!
Looking forward to the fix!
RE: 338(h)(10) elections and NOLs
1) Correct. Because I am selling you my stock, it is taxed at my respective individual level. My company isn't physically being touched or doing anything. Just a xfer of ownership. You, the acquiror, of course, will incur goodwill since you are buying my company. 2) A seller is motivated to do a ... Read More
1) Correct. Because I am selling you my stock, it is taxed at my respective individual level. My company isn't physically being touched or doing anything. Just a xfer of ownership. You, the acquiror, of course, will incur goodwill since you are buying my company. 2) A seller is motivated to do a ... Read More
RE: DCF EBITDA multiple approach
Same concept as perpetuity growth. You exit in five years - we don't care how you calculate that Terminal Value, either via EBITDA multiple or via growth. But the firm earns cash flows in the five years running up to the exit year! You are either overthinking it or forgetting the most basic conce... Read More
Same concept as perpetuity growth. You exit in five years - we don't care how you calculate that Terminal Value, either via EBITDA multiple or via growth. But the firm earns cash flows in the five years running up to the exit year! You are either overthinking it or forgetting the most basic conce... Read More
Re: WACC of a private company?
If BOTH the target company AND the industry have little to no debt, then it's hard to make a case that debt is a big part of the capital structure. As such, go with the actual or the industry (round to 5%). Also, WACC is as of a point in time. Since your DCF value is as of a point in time as well,... Read More
If BOTH the target company AND the industry have little to no debt, then it's hard to make a case that debt is a big part of the capital structure. As such, go with the actual or the industry (round to 5%). Also, WACC is as of a point in time. Since your DCF value is as of a point in time as well,... Read More
Re: Zoom in Excel
With our WST macros installed: http://www.wallst-training.com/resources.html and scroll down to Technical Resources and download and install per instructions Ctrl + J to zoom in at 15% increments to max... Read More
With our WST macros installed: http://www.wallst-training.com/resources.html and scroll down to Technical Resources and download and install per instructions Ctrl + J to zoom in at 15% increments to max... Read More
RE: M&A Purchase Price Allocation - intangibles calculation
Assuming you are talking about Intangibles and not Goodwill, we subtract the target's intangibles b/c in we are adding Actual + Adjustments to get to Pro Forma. If the target has existing Intangibles, in the purchase price allocation, it is Purchase Price of Equity less Tangible Book Value, so you a... Read More
Assuming you are talking about Intangibles and not Goodwill, we subtract the target's intangibles b/c in we are adding Actual + Adjustments to get to Pro Forma. If the target has existing Intangibles, in the purchase price allocation, it is Purchase Price of Equity less Tangible Book Value, so you a... Read More
RE: Stock vs Asset Deal in M&A
Of course you the acquiror bear the liability AFTER the purchase! But for things that happened PRIOR or BEFORE the purchase, the Seller bears any liabilities! In the Viagra drug example, recall that Merck would bear liabilities after the sale, but for prior issues, Pfizer does (and again, in re... Read More
Of course you the acquiror bear the liability AFTER the purchase! But for things that happened PRIOR or BEFORE the purchase, the Seller bears any liabilities! In the Viagra drug example, recall that Merck would bear liabilities after the sale, but for prior issues, Pfizer does (and again, in re... Read More
Yes, we fully expect to integrate these and additional course offerings into our WST Self-Study online platform. We expect to have a better sense of timing in the coming months!