Purchase the Training Pack ($99.00)
to get the recording, transcript, and presentation materials for this webinar in a single download. Please allow up to 30 days after the webinar for the Training Pack to be available.
"Credit Crunches," "Toxic Debt," and now "Stress Tests." Problems in capital markets in the current economy should by now be well known. While traditional valuation theory assumes liquidity, recent events in capital markets have demonstrated that DCF values based on public market transactions may be significantly overstated when the impact of liquidity is ignored. And while Blockage - the incremental cost of liquidating a large position in a publicly traded company - is generally acknowledged, we need to be able to quantify its impact on the realizable value of the assets being valued.
In "Liquidity Crisis and Valuation Practices - Estimating the Cost of Liquidity" at the 11th Annual FAE/BVR Business Valuation Conference, Dr. Ashok Abbott will use capital markets data from this turbulent period to illustrate option method techniques that can be used to develop theoretically valid and empirically defensible discounts for lack of liquidity.
On May 21, BVR will replay Dr. Abbott's presentation in a special teleconference, "Liquidity Crises & the Impact on Valuation Practices". Following "Liquidity Crisis and Valuation Practices," Dr. Abbott will join us for live audience Q&A. Given Dr. Abbott's expertise, the current state of credit markets, and the necessity of this consideration in the business valuation process, this teleconference is not to be missed.
Program Agenda
"Liquidity Crisis and Valuation Practices - Estimating the Cost of Liquidity"
Dynamics of current capital markets and their effect on liquidity
Developing DCF values in the current environment - overstatement when lack of liquidity is ignored
Quantifying the impact of blockage on the realizable the value of assets
Option method techniques that can develop discounts for lack of liquidity
Live Q&A with Dr. Ashok Abbott
Learning Objectives
Understand how tight credit markets lead to distortions in valuation methods
Learn how to properly account for a lack of liquidity
Quantify the effect of blockage on a target asset
Use market data to your advantage by developing theoretically valid and empirically defensible discounts for lack of liquidity
BVR's Training Packs are an indispensable addition to any valuation reference library. Use them as training tools as many
times as you'd like, wherever you are: play them at your computer at work or home, in your car, or on your personal audio device.
Delivered as an electronic download approximately four weeks after the program has aired, each Training Pack includes:
Recordings and transcripts of the presentation
All presentation visual aids and handouts
All ancillary reading materials suggested by our presenters
If you are ordering a Training Pack after the four week window, the download link will be sent to you immediately via email. Please
check your spam folder and add customerservice@bvresources.com to your “safe list”
to ensure you receive your Training Pack.
Business Valuation Resources offers a 100% money-back guarantee on our training services. If you are not completely satisfied
with your experience, or have any feedback, please contact Business Valuation Resources at 1-503-479-8200 or
customerservice@bvresources.com.