Two companies that I have been following recently - Sears Holding and Post NL - have substantial unfunded pension liabilities. Here are a number of articles covering the subject: "The Value of Control: Implications for Control Premia, Minority Discounts and Voting Share Differentials" by Aswath Damodaran of Stern School of Business, June 2005 "An investment … Continue reading Nugget: Valuation of Unfunded Pension Liabilities
Tag: Damodaran
Nugget: Damodaran on simulations, sensitivity analysis and decision trees
Damodaran on probabilistic approaches to risk assessments in finance: • In the most extreme form of scenario analysis, you look at the value in the best case and worst case scenarios and contrast them with the expected value. In its more general form, you estimate the value under a small number of likely scenarios, ranging … Continue reading Nugget: Damodaran on simulations, sensitivity analysis and decision trees
Valuation in Fundamental Finance
Valuation is the discipline of estimating the value of financial securities, such as stocks an bonds, by fundamental analysis of financial statements. The Valuation Process "Graham & Dodd and Modern Financial Analysis" by Joseph Calandro, Jr. PwC & the University of Connecticut. December 13, 2011. The Equity Premium According to Wikipedia: "In the … Continue reading Valuation in Fundamental Finance