Chris Mercer

APRIL 7, 2023

My most recent post, titled Fair Market Value and the Nonexistent Marketability Discount , generated quite a discussion when posted on LinkedIn. The post provided a solid rationale that there is no such thing as a marketability discount for controlling interests of companies. ” (p.

Marketability 52

Marketability Fair Market Value Appraisal EBITDA 52

Appraisers Blog

FEBRUARY 7, 2024

’ Exactly why does the appraisers fee, which is independent of the amc total ‘appraisal services fee’, get to be disclosed as co mingled with the amc fee as one lump sum fee? In reply to Russell. Please allow me to introduce you to the concept of consumer protection. ‘The fees pertaining to the loan.’

Appraisal 42

Appraisal Market Capitalization Marketability 42

Chris Mercer

AUGUST 1, 2022

Were also bigger and had higher market capitalizations and better operating performance, on average. Market Pricing and Restricted Stock Discounts. The next figure examines the offer amounts, size of the transactions, and market pricing of the dividend-paying restricted stock issuers. This is just common sense.

Dividends 52

Dividends Appraisal Marketability Start-ups 52

Musings on Markets

JANUARY 5, 2024

Thus, looking at only the companies in the S&P 500 may give you more reliable data, with fewer missing observations, but your results will reflect what large market cap companies in any sector or industry do, rather than what is typical for that industry.

Dividends 98

Dividends Risk Premium Equity Book Value 98

Musings on Markets

JANUARY 21, 2023

It is the nature of stocks that you have good years and bad ones, and much as we like to forget about the latter during market booms, they recur at regular intervals, if for no other reason than to remind us that risk is not an abstraction, and that stocks don't always win, even in the long term.

Equity 70

Equity Risk Premium Start-ups Dividends 70

Musings on Markets

DECEMBER 10, 2023

Key Person(s): Pricing effects It is true that markets are pricing mechanisms, not instruments for reflecting value, at least in the short term, and it should come as no surprise then that the effects of a key person are captured in pricing premiums or discounts, sometime arbitrary, and sometimes based upon data.

Key Person Discount 113

Key Person Discount Start-ups Price to Book Marketability 113

Reynolds Holding

MAY 25, 2022

Dramatic trading in GameStop, AMC, and other “meme stocks” has reignited debates about the efficiency of the stock market, its purposes, and whose interests it should serve. In a recent article , I discuss the evolving role of retail investors in price discovery and the stock market. Both conceptions oversimplify.

Marketability 83

Marketability Market Capitalization Appraisal Technology 83