Friday, May 20, 2011

Dual share structure: The Google model spreads

›
Google rewrote the book for initial public offerings in two ways. One is that they bypassed the traditional investment banking syndicate for...
14 comments:
Thursday, May 19, 2011

Valuing young growth companies: A postscript on Linkedin

›
So, that was quite an opening for Linkedin.. The stock opened in the mid-80s, almost double the offer price. I know that some of you have us...
28 comments:
Wednesday, May 18, 2011

Is Skype worth $8.5 billion? An exercise in valuing young, growth companies

›
Last week, Microsoft announced that it would buy Skype for $8.5 billion. The reaction was fast, furious and very predictable. First, there ...
23 comments:
Tuesday, May 3, 2011

The Little Book of Valuation

›
I don't like to use this blog as a publicity front, but my newest book just hit the bookstores. It is part of Wiley's Little Book se...
15 comments:
Saturday, April 30, 2011

Alternatives to the CAPM: Wrapping up

›
Even as we agree to disagree about the usefulness or lack of the same of CAPM betas, let us reach consensus on a fundamental fact. To ignore...
6 comments:

Alternatives to the CAPM: Part 5. Risk Adjusting the cash flows

›
In the last four posts, I laid our alternatives to the CAPM beta, but all of them were structured around adjusting the discount rate for ris...
7 comments:

Alternatives to the CAPM: Part 4: Market-Implied cost of equity

›
As you can see from each of the alternatives laid out in the previous three parts, there are assumptions and models underlying each alternat...
10 comments: