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Court DCF Valuation of Ancestry.com Comes within a Whisker of Market Price

April 2015 | Issue 79 A recent Delaware appraisal proceeding produced a stock valuation that was within 7/10 of 1% of the actual price of the transaction. The case is In Re Appraisal of Ancestry.com, Inc., Del. Ch. LEXIS 21, (January 30, 2015). Background Ancestry, Inc., located in Provo, Utah, is a leading company in […] More...

Value Shift Turns Nest Egg into Goose Egg

March 2015 | Issue 78 Bright beginnings We’ve seen this happen all too often.  Harry Jones* goes to work for Virus Systems, an early-stage biotech firm.  His compensation package includes 100,000 shares of Virus common stock. Virus’ accountant needs a valuation for the stock as of the date of grant so that he can record […] More...

Arizona Beverages Partners Air Widely Divergent Value Views

December 2014 | Issue 77 Introduction This valuation proceeding arose out of a four-year litigation struggle between John Ferolito and Domenick Vultaggio, the co-founders of AriZona Beverages. AriZona is the largest privately-owned beverage company in the United States. Stated simply, the case involved the valuation of the AriZona entities (“AriZona” or “company”); a collection of […] More...

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Financial Reporting Valuations

Hempstead & Co. provides fair value advice related to the preparation of financial statements.

Financial officers and auditors turn to us for advice and assistance in carrying out goodwill impairment studies and purchase price allocation studies required in the preparation of financial statements which conform to generally accepted accounting principles (GAAP).  Goodwill impairment and valuation studies are used in the implementation of ASC 805, Business Combinations, ASC 350, Goodwill and Other Intangible Assets, and ASC 360, Accounting for the Impairment or Disposal of Long-lived Assets.

Accountants and financial officers also rely on us for assistance in valuing stock options issued as employee compensation, or for other purposes. ASC 718, Compensation-Stock Compensation, requires that the fair value of stock options be determined for use in preparation of financial statements. Hempstead & Co. is experienced in all of the methodologies used in option valuation, including Black-Scholes, binomial and Monte Carlo.

Officers of Hempstead & Co. serve on the Appraisal Issues Task Force, AITF, a national organization which provides input to the SEC and the Financial Accounting Standards Board, FASB, on accounting-related valuation issues.