Goodwill vs. intangible assets: what do they mean for a company’s valuation?
While sometimes described interchangeably, “goodwill” and “intangible assets” are two distinct concepts representing different components of a firm’s value. How they appear on a balance sheet is a different story.
What 2020 reminded us about fundamental valuation principles
Price, value, hindsight, valuing companies on a liquidation basis … 2020 was a banner year for students of business valuation theory.
Van Boekel – a review of issues in attributing corporate income in Guidelines income determinations
Can bank covenants restrict the availability of corporate income to a payor-spouse? What about corporate funds used to finance an expensive hobby? How should losses, capital dividends, and tax-gross ups be addressed? Van Boekel is a fascinating read which explores these issues and more when determining a spouse's income under the Federal Child Support Guidelines.
Why are airlines' frequent flier programs so valuable during COVID?
How valuation formulas in shareholders’ agreements can go wrong
Valuation formulas in shareholders' agreements can end up resulting in increased acrimony, higher legal fees, and potentially unfair outcomes for shareholders in disputes.
The answer might be in the details. But it probably isn’t.
COVID-19: the struggling business fuels the already struggling marriage
What happens when a business and a marriage fall apart at the same time during COVID? There are valuation implications to consider in a separation and divorce.
The common denominator of business valuation theory and fighting COVID-19
We have models, but they’re only as good as the assumptions that the models use.
GE’s Alstom acquisition: the case of purchase price accounting gone wild
Over time, GE gradually allocated more value on its balance sheet to goodwill. Then it wrote the goodwill off. We examine an interesting example of purchase price accounting – so interesting that the SEC and Department of Justice decided to look into it.
Yahoo sold its core business to Verizon. So what's left?