tag:blogger.com,1999:blog-8152901575140311047.post4815105969574683889..comments2024-03-29T07:41:47.433-04:00Comments on Musings on Markets: Valuation Approaches...Aswath Damodaranhttp://www.blogger.com/profile/12021594649672906878noreply@blogger.comBlogger12125tag:blogger.com,1999:blog-8152901575140311047.post-84396474757861669652013-06-11T01:15:48.692-04:002013-06-11T01:15:48.692-04:00It is a most popular wine production company which...It is a most popular wine production company which produces an extensive range of different wine products. Different types of grape varieties are produced in the vineyards of Penfold which operates in the South Australian wine region.<a href="http://www.victoriacellars.com.au" rel="nofollow">Penfold wine</a><br />Jack Smithhttps://www.blogger.com/profile/01588572166940825873noreply@blogger.comtag:blogger.com,1999:blog-8152901575140311047.post-13420857592575703472013-01-11T20:16:30.739-05:002013-01-11T20:16:30.739-05:00Thank you again for all the knowledge you distribu...Thank you again for all the knowledge you distribute,Good post. I was very interested in the article, it's quite inspiring I should admit. I like visiting you site since I always come across interesting articles like this one.Great Job, I greatly appreciate that.Do Keep sharing! Regards,<br />more detailshttp://www.ibirkinbags.comnoreply@blogger.comtag:blogger.com,1999:blog-8152901575140311047.post-89833940819660931742012-06-16T09:27:15.586-04:002012-06-16T09:27:15.586-04:00Great site the comment was so well-written and inf...Great site the comment was so well-written and informative keep it up!!!<br /><a href="http://www.dissertationhub.co.uk/" rel="nofollow">dissertation help UK</a>Dissertationhttps://www.blogger.com/profile/08847211032346865140noreply@blogger.comtag:blogger.com,1999:blog-8152901575140311047.post-70685439856120470472012-06-12T12:35:04.547-04:002012-06-12T12:35:04.547-04:00The quality information is presented in an easy an...The quality information is presented in an easy and understanding manner. This is very nice to see this blog and it's really informative for the readers. <br />Thank you.logo designershttp://www.primelogodesign.com/noreply@blogger.comtag:blogger.com,1999:blog-8152901575140311047.post-83975828135611100682012-04-25T13:45:40.997-04:002012-04-25T13:45:40.997-04:00Your blog is great. Your thoughts are also very go...Your blog is great. Your thoughts are also very good and i am very inspired from your post. That is why I visit this blog again and again and will come back in future too.<br /><a href="http://www.essaywritinghelp4u.co.uk/" rel="nofollow">essay writers</a>Essay Helphttps://www.blogger.com/profile/05534863618531325866noreply@blogger.comtag:blogger.com,1999:blog-8152901575140311047.post-19257162479112081412012-01-20T08:42:24.593-05:002012-01-20T08:42:24.593-05:00The information provided in this blog is really ve...The information provided in this blog is really very interesting and easy to understand. It is nice to see this blog and it's really informative for the readers. <br />Thank you.dissertation writing serviceshttp://www.dissertationwritinghelp.co.uk/dissertation-service.htmlnoreply@blogger.comtag:blogger.com,1999:blog-8152901575140311047.post-15330136679508953092011-11-19T10:40:48.127-05:002011-11-19T10:40:48.127-05:00This blog is very nice and informative. it is pret...This blog is very nice and informative. it is pretty hard task but your post and experience serve and teach me how to handle and make it more simple and manageable.<br /><a href="http://www.allegromedical.com/wound-care-c541/moleskin-9-x-4-yards-p214893.html" rel="nofollow">Moleskin</a>Prizmhttps://www.blogger.com/profile/15346367910231161904noreply@blogger.comtag:blogger.com,1999:blog-8152901575140311047.post-1011386923995820142010-09-14T04:55:17.891-04:002010-09-14T04:55:17.891-04:00Hi Prof. Damodaran
I am a student of finance from ...Hi Prof. Damodaran<br />I am a student of finance from India<br />as a part of my curriculum I am writing an equity research report ,<br />But I am stuck on forward earnings projection part. I do not know how to project the future earnings of a company. Please help me outshub11https://www.blogger.com/profile/07133488242915793780noreply@blogger.comtag:blogger.com,1999:blog-8152901575140311047.post-79561483498992035572010-07-04T20:24:25.841-04:002010-07-04T20:24:25.841-04:00I believe the reason consulting firms tend to stre...I believe the reason consulting firms tend to stress on proprietary valuation approaches (EVA/SVA/CFROI/CROCI) are more based in marketing than in finance. A prop model helps the consulting firm present itself as a thought leader and if it can successfully propagate it, then get universal recall. e.g. EVA for Stern Stewart, and (a better but non-fin example) of BCG matrix for BCG.<br /><br />It is also an easier tool to pitch to a board of directors than educate them on, what are for them, the nitty-gritty of valuations - risk, growth & cash flows.<br /><br />Anyway, in most actual implementations, these three key parameters are usually used more as levers to arrive at the desired valuation than as drivers of the real valuation.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8152901575140311047.post-21691821764596834502010-06-30T08:48:27.883-04:002010-06-30T08:48:27.883-04:00Totally concur; Very well said SirTotally concur; Very well said SirAnonymoushttps://www.blogger.com/profile/10472409133117209682noreply@blogger.comtag:blogger.com,1999:blog-8152901575140311047.post-58220472817602357062010-06-21T03:28:30.098-04:002010-06-21T03:28:30.098-04:00Good one prof. Well put. As a student of finance, ...Good one prof. Well put. As a student of finance, I always felt like researchers and financial engineers were sometimes too academic in their approach and complicated things that could have been left simpler. However, looking at it from the other side, sometimes simplifying things leaves them subject to the risk of them being applied haphazardly and wrongly. Not that complex tools are any less prone to abuse or confusion, but the caveat with simplistic and common sense tools is that they NEED to applied wisely. That risk is amplified even more when they deal with critical topics such as firm valuation. Simplistic tools and concepts have a way of getting abused out in the real world when every person in the street feels like he has a grip on the concept (for example, a lot of people who feel they know ‘exactly’ what compound interest and compounding means, often find themselves surprised at how hard it can hit them. I feel this is largely because the gravity of the power of compounding is lost because it is ‘just another’ concept that is taught since highschool. That concept ought to have some more complexity attached to it because right now, too many people feel like they ‘know it’ when they actually don’t). And that can have consequences that are just as disastrous as complex tools, techniques, products and concepts being concocted by large consultancy firms and analysts going wrong.<br /><br />As with a lot of things, I think it eventually boils down to what the tool is being used for. If the tool is being used simply to value a firm fairly, like you said, we really only need to focus on any one technique that we are comfortable with and apply it wisely. On the other hand, if the tool is being used to create an exit barrier for the client to ensure repeat business, then the more complex the tool, the better. And I am sure most firms getting themselves valuated are aware of this too. It’s just about them being comfortable with things as they are rather than taking a stand and questioning the basic approach that our financial system stands (albeit shakily) on today.perpetual wondererhttps://www.blogger.com/profile/12795860415528166734noreply@blogger.comtag:blogger.com,1999:blog-8152901575140311047.post-38391371336038484732010-06-20T23:48:21.318-04:002010-06-20T23:48:21.318-04:00i concur. BUT lets keep in mind this is business a...i concur. BUT lets keep in mind this is business afterall. These companies have all the freedom they want to help undecided investors via these models/valuation approaches they packaged. Otherwise we wouldnt be in a capitalistic/global economy we are in today. But then again, you never know... sometimes repackaging something might just land you something unique and new.Karenhttps://www.blogger.com/profile/08052525858918714660noreply@blogger.com