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Return on Equity, Earnings Yield and Market Efficiency: Back to Basics!

Musings on Markets

I pointed to the flaw in the logic, but the comments thereafter suggested such deep confusion about what returns on equity or capital measure, and what comprises an efficient market, that I think it does make sense to go back to basics and see if some of the confusion can be cleared up.

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Equitest's Review on techozens.com: "The Best & Trusted Business Appraisal Software for Startups, CPA"

Startup Valuation Blog

According to Equitest's Review on techozens.com - Equitest is: "The Best & Trusted Business Appraisal Software for Startups, CPA". Business owners spend considerable time and energy trying to enhance company value by developing growth plans with well-defined goals. Let’s get started. . Pitch Deck Creator. ?

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M&A Deal Killers: Business Deal Breaker #4

Viking Mergers

But, if you take the time from the start to explore what could go wrong, you have time to reduce risk. If you think you may have overvalued your inventory or you are getting ready to have it appraised, read on for a plan to correct the issue and smoothly close on your business.

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The Corporate Life Cycle: Corporate Finance, Valuation and Investing Implications!

Musings on Markets

My version of the corporate life cycle is built around six stages with the first stage being an idea business (a start-up) and the last one representing decline and demise. Even a cursory glance at the companies that surround you should tell you that there are wide variations across companies, on these dimensions.

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Invisible, yet Invaluable: Valuing Intangibles in the Birkenstock IPO!

Musings on Markets

A few days ago, I valued Instacart ahead of its initial public offering , and noted that the reception that the stock gets will be a good barometer of where risk capital stands in the market, right now. To understand why, consider how fixed assets (such as plant and equipment and equipment) become part of the balance sheet.

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Data Update 1 for 2024: The data speaks, but what does it say?

Musings on Markets

First, these categorizations were created close to twenty years ago, when I first started looking a global data, and many countries that were emerging markets then have developed into more mature markets now. Standard Deviation in Equity/Firm Value 2. Book Value Multiples 3. Fundamenal Growth in Operating Earnings 3.

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Deja Vu #11: Can Restricted Stock Studies Be Used to Estimate DLOMs for Dividend-Paying Companies?

Chris Mercer

This 2008 version had information on 477 restricted stock transactions, up from 430 transactions in the 2004 version. There were 231 transactions after April 1997, when the SEC’s period of restriction was reduced from two years to one year (up from 182 transactions in the 2004 version). Conclusion. This is just common sense.