Got an M&A Situation?-How to Escape The Friendzone

A common scenario that we encounter in the business world is that there is an owner who’s received an expression of interest from a peer or a competitor. Oftentimes, this is someone that they have known and associated with for years. The scenario goes something like this, “We got to talking about it and the […]

Diversify your suppliers (or risk developing a beer can dependency)

Micro-brews are a favorite, not just as business valuation clients but for personal consumption as well. When you shop the aisles there seems to be an ever growing supply of uniquely bottled craft beer choices and lately I have noticed more and more canned varieties as well. Cans can be convenient: easy to take on […]

Shake Shack and Valuation Risk Factors

It wouldn’t be wrong to say that in the valuation world our number one goal is pricing risk.  Afterall, no matter how you look at it, valuation is essentially looking at the likelihood of achieving a particular return on investment.   Part of a valuation, then, is understanding Risk Factors that impact a business.

In DIY Valuation News: The Internet Lies.

Every once in a while we’ll be chatting with someone about engaging on a valuation project and they decide to go the “DIY” route.  “We decided we’d do the valuation ourselves.”  How did they manage this?  Just like a diagnose all my health problems, of course.  They googled it.

Mortgage Bubble Deja Vu: The Real Losers in Uber vs. Taxi Battle

Over the last year the battle has reached all new levels as Uber and Taxi medallion owners fight for control of the market. But as the courtroom battles center on words like “ehail” versus “street hail” and “metered rides” versus “surge pricing,” let’s take a deeper look at the unexpected party who really has the […]

I have an MBA … so I’ll just do my own valuation

So this is a fun call that we get from time to time.  Bob the Business Owner lobs in a call or an email inquiring about getting their business valued.  But after learning that its not – and I know this is a huge surprise – free, Bob responds “Well, I have an MBA so […]

Are Valuation Analysts Accountants in Disguise?

We are often asked if we are also accountants as traditionally, most people went to their local accountant for any business valuation requirements. And the answer is a resounding, no – we are not accountants, we do not do tax work, we do not perform audits. We leave that work up to the professionals and […]

I’m Done Writing About Stock Prices (After This)

This past week we wrote about how (if!) the stock price of a public company reflects future earnings.  This all came about from an article over on Medium written by a Harvard MBA student.  Lo and behold, a Harvard professor Ben Golub weighed in on a similar subject over on Quora.  I took exception to […]

Harvard MBA, a lesson on stock price and valuation

Medium is great, isn’t it?  All sorts of folks write all sorts of things.  Also, all sorts of folks write all sorts of things that I may or may not agree with.  All in all it’s a pretty healthy outlet!  But let’s take a dive down the rabbit hole on one in particular.

Growth: Turn Down for What?

We spend a lot of time talking (and talking, and talking) about revenue trends and earnings trends and successfully selling or exiting from a small business.  A lot of people are going to successfully exit their business.  They’ll do it on their own terms and get a reasonable return for their efforts.  But how do […]