Title: ETF Strategies and Tactics: Hedge Your Portfolio in a Changing Market / Edition 1
Author: Laurence Rosenberg, Neal Weintraub, Andrew Hyman
The market approach is an increasingly popular way to determine a business’s value—for both buyers and sellers. Praised for its objectivity, this approach reviews the annual sales and other financial variables of comparable businesses for guidance in valuation. When well implemented, the market approach is the model most favored by the IRS and the United States Tax Court. You could say that Shannon Pratt wrote the book on the market approach. Published in 2000, his groundbreaking book The Market Approach to Valuing Businesses set the standards and explained the theory and methodology for this evolving approach. Expanded and updated to encompass the latest rulings and source data, the new Second Edition is an indispensable reference for beginning and experienced appraisers, intermediaries, buyers, sellers, attorneys, CPAs, or judges. It covers: Both The Guideline Public Company Method and The Merger & Acquisition (Transaction) Method A discussion of past transactions, offers to buy, rules of thumb, and buy-sell agreements Pricing for purchases and sales Valuation for gift and estate taxes and marital dissolution Shareholder matters, including dissenting stockholder suits and resolutions of value under buy-sell agreements How to find and analyze comparative market transaction data Analysis of the most recent cases in family law, tax, and shareholder dispute courts Complete with sample cases, an extensive bibliography, an appendix on data resources, the Quantitative Marketability Discount Model, and a list of business brokers and their specialties, The Market Approach to Valuing Businesses is an authoritative, state-of-the-art treatise for both valuation professionals and nonprofessionals.