Appraisal Rights

FEBRUARY 23, 2018

We’ve written before about the SWS appraisal case, decided in mid 2017. Part of the argument focused on the concept of size premium – a primer on which is available here – and which is being contested in the SWS appeal. After the ruling, petitioners appealed to the Delaware Supreme Court.

Appraisal 40

Appraisal Risk Premium Equity 40

Musings on Markets

NOVEMBER 9, 2021

If you are interested, you can see my valuations from 2014 , 2016 and 2017. Risk : When I valued Tesla last in early 2020, I used a cost of capital of 7%, reflecting a risk free rate of 1.75% and an equity risk premium of 5.2% for mature markets. What’s your story?

Start-ups 99

Start-ups Dividends Marketability Market Capitalization 99

Musings on Markets

JANUARY 27, 2021

In my last post , I described the wild ride that the price of risk took in 2020, with equity risk premiums and default spreads initially sky rocketing, as the virus led to global economic shutdowns, and then just as abruptly dropping back to pre-crisis levels over the course of the year.

Start-ups 52

Start-ups Marketability Equity Treasury 52

Musings on Markets

JULY 22, 2021

The service was initiated in 2017 and it had 1.5 Zomato has grown at exponential rates for much of the last decade, with a surge in the number of cities that it serves in India, especially in the last few years, from 38 in 2017 to 63 in 2018 to more than 500 in 2021, extending its reach into smaller urban settings.

Marketability 86

Marketability Start-ups Equity Price to Book 86

Musings on Markets

MAY 11, 2021

While one part of the proposal, reversing the 2017 tax cuts for those in the highest tax brackets from 39.6% With stocks, I compute this pre-personal tax return at the start of every month, using the current level of index and expected cash flows to back out an internal rate of return; this is the basis for the implied equity risk premium.

Dividends 52

Dividends Start-ups Risk Premium Treasury 52