Fired for questioning valuation techniques

I was working at a valuation firm that had some pretty large public ally traded clients. The work is to comply with regulations. I questioned thier valuation techniques and was asked to step down. They were arbitrarily adjusting the capm model to fit their clients desired price not using size deciles. They were also using old dloc and dlom studiesand arbitrarily adjusting the results based off what they desired. The big 4 uses a finnerty model for this. Do you guys think I did the correct thing and question their techniques?

3 Comments
 

Hard to tell on this small dataset. Maybe it's not what you said, but the way you said it?

In any case, goalseek-based valuations are not that uncommon in the industry.

Those who can, do. Those who can't, post threads about how to do it on WSO.
 

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