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Concentrations can affect value. What does this mean for Zynga and Facebook?

What is the number of shares outstanding of Facebook and why does it matter?

Thursday afternoon (July 26th), Facebook released its earnings for the second quarter of 2012, and had an earnings call at 5pm that day.  Suffice it to say that the markets’ reception was one of disappointment. On Friday, Facebook shares dropped some 12% to $23.70 per share.  On Monday (July 30), the stock dropped further, closing […]

According to recent news reports, FedEx might lose its contract with the U.S. Postal Service. Does that affect FedEx’s value? What effect does customer concentration have on a private company’s value?

If you’re a wealthy American who’s planning to hire an estate or trust attorney later this year, here’s a thought: Good luck. You’re going to need it.

In two recent posts (here and here) I talked about the value of Facebook shares at the time of and following the IPO on May 18, 2012.  As is well-known at this time, Facebook’s IPO price was $38 per share, which valued its 2.7 billion shares outstanding at $104.2 billion. I did a fairly simple […]

In yesterday’s post, I reported, like so many others, that the Facebook IPO is in trouble.  The IPO price was $38.00 per share, which valued Facebook at $104 billion.  Yesterday’s post reported that Mark Hulbert had discussed a reasonable valuation of Facebook. In the post I said: If Google’s P/E is 18x and Facebook’s earnings […]

As almost everyone on the planet knows by now, Facebook went public on Friday, May 18, 2012.  The IPO price was $38.00 per share, placing an enterprise value on the company of $104 billion.  It closed at the end of the day at $38.37 per share.  There was no room for the upside in the […]

The Standards Board and the Professional Board of the International Valuation Standards Council met in London March 15-17, 2012. I attended the Professional Board meeting for the first time since I was appointed to that board last November. It is an interesting time.  A great deal is going on in the world of international valuation […]

An Employee Stock Ownership Plan (ESOP) can be complicated combination of employee benefits, employee motivation, succession planning and corporate finance.  If you know a bank CEO, COO or CFO or a director of a financial institution, you would do them a favor by sending this post to them. Mercer Capital, in conjunction with Corporate Capital […]