The Butler Pinkerton Calculator: An Update - BVMarketData

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Practical Advice Related to Guidelines • Frankly, it was this analysis (reviewing Forms 10-K, etc.) that gave me the best insight into the characteristics that affect risk in this industry. I don’t believe that you can reasonably assess company specific risk factors without an understanding and analysis of the benchmarks derived from the BPC. • I much prefer BPC because it forces me to examine public company data about industry risk factors and value drivers which is available through public filings, press releases, analyst reports, etc. <strong>The</strong> data is much more comprehensive in nature than the limited data available for private companies. – James M. Skorheim, JD, CPA/ABV/CFF, CFE, CVA, CrFA 18
Other BPC Applications: • First, we do a significant amount of Fair Value compliance work, and the BPC is a great tool for developing capital costs for hypothetical market participants. We've had general acceptance of this method in audit review, and it's a great time saver. • Second, in documenting a decision regarding discounts for lack of marketability, we regularly use QMDM as one of the methods considered. <strong>The</strong> BPC enables us to develop actual market equity returns for smaller publicly traded companies, providing a lower limit for the expected return input in QMDM. – James B. Lurie, CPA/ABV, ASA, CBA, CVA, BVAL, CIRA 19
Page 1 and 2: The Butler Pinkerton Calculator: An
Page 3 and 4: Let’s Get Some Things Out of the
Page 5 and 6: Traditional Factor Models: Use at O
Page 7 and 8: The Courts Want Empirical Data! •
Page 9: The Solution: Total Beta and the BP
Page 13 and 14: More Transparency 13
Page 15 and 16: Impeach Inferior Estimates of Cost
Page 17: Interesting Observation: “I Don
Page 21 and 22: Other BPC Applications (continued):
Page 23 and 24: Total Beta:BPC and Peer Review 1) R
Page 25 and 26: Another Select Testimonial • We b
Page 27 and 28: Questions to Consider: • If Total
Page 29 and 30: The Butler Pinkerton Calculator: An
Page 31 and 32: Are You on the Left-side or the “
Page 33 and 34: Other Observations: Instability of
Page 35 and 36: Response to Roger Grabowski’s Sli
Page 37: Summary: • All models are wrong,

The Butler Pinkerton Calculator: An Update - BVMarketData

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