F7, F7, F7, F7, F7, F7, F7 !!!!!!!

thadonmega — Tue, 18 Dec 2007 18:41:36 -0500

To all prospective M&A folks out there - Before sending off your final exhibit *ALWAYS* do the following:

1. Run a spell check (F7).
2. Run a spell check (F7).
3. Run a spell check (F7).
4. Run a spell check (F7).
5. Run a spell check (F7).
6. Run a spell check (F7).
7. Run a spell check (F7).

2007 Best Places to Launch Career

thadonmega — Sun, 16 Sep 2007 21:53:08 -0400

Looks like Big 4 dominated this year's list. IB's, and M/B/B management consulting were snubbed on this year's list. Come on Goldman, MS are not even top 10.

http://www.businessweek.com/careers/bplc/2007/1.htm?chan=careers_special...

LBO/Sec 338

thadonmega — Thu, 30 Aug 2007 21:40:14 -0400

Is it common practice to use a reverse subsidiary cash merger structure for LBO's between target, merger "sub", and sponsor-group "parent"?

By just looking at published preliminary proxies, there doesn't seem to be a commonly used tax structure. What's the safest practice? I know they're taxable stock purchases, but could they also be using section 338 elections to step up the target's assets?

H1-B Approved.

thadonmega — Tue, 19 Jun 2007 23:47:17 -0400

You can nail an interview, get 10 offers, but some things you have no control over, and I guess that's the whole point of life. Well, My God Never Fails, and my prayers go out to everyone still waiting on the H1-B. Have Faith in good & bad times. God Bless.

http://wallstreetjourney.blogspot.com/

Negative goodwill question

thadonmega — Thu, 19 Apr 2007 14:38:35 -0400

If the fed hikes, I think alot of us would be valuing distressed LBO companies for bargain buyers. Here are a few questions:

For distressed companies that have have negative cash flows and recurring negative working capital, (think bankruptcy bound companies like New Century, Delta, etc.), how would you account for the negative goodwill (or badwill) if a buyer snatches up the assets WAY below book value.

For the guy who failed to get an offer

thadonmega — Tue, 20 Mar 2007 12:17:32 -0400

A journey to wall street that leads to full life and prosperity after death.

http://wallstreetjourney.blogspot.com

Enjoy.

M&A, Goodwill and the purchase acct. method

thadonmega — Tue, 28 Nov 2006 14:21:54 -0500

The Diamler Benz -Chrysler deal was executed using the pooling method where the balance sheets of both companies were combined to form a new balance sheet of the combined "Diamler Chrysler" enitity.

With the new FASB 142 rules the pooling method must stop (illegal) and the purchase method must be used for all M&A business combinations within the U.S, so goodwill premium is amortized over 40 years post transaction thus reducing EPS for the new entity and overall income. Has the pooling method been terminated, or is it still used?

LBO & negative shareholders equtiy

thadonmega — Mon, 27 Nov 2006 15:48:35 -0500

If a company goes private via a LBO, how does the new debt impact the balance sheet and would it result in negative share holder equity to equalize both sides of the balance sheet?

Off the top of my head, I'd think that the additional debt will mean higher interest expense on debt, less net income on the the income statement, lower retained earnings balance, and finally less ending cash balance in cash flow statement.

RATE' EM : Best Books on IB, M&A, Corporate Finance, and LBO's.

thadonmega — Tue, 21 Nov 2006 19:10:53 -0500

Best books in my opinion:

1. "Valuation: Measuring and Managing the Value of Companies" by Copeland, Koller, and Murrin.

2. Barbarians at the gate.

3. Mastering the Merger.

If you know any great books on M&A, IB, or PE LBO's, rank them 1-5, and let's keep the thread going.

Merrill Lynch IBD Questions

thadonmega — Tue, 21 Nov 2006 18:23:59 -0500

What do you think about Merrill Lynch's analyst program in light of other bulge brackets? To be more specific, in terms of deal flow, prestige, exit opportunities, and overall execution within FSG, Lev.Fin, M&A, or any of the industry groups?

How does an analyst in a coverage/industry group differ (valuation vs. pitch book preparation) from an analyst in a product group like Lev. Fin, FSG, or Global markets (debt/equity)?