For which currency to borrow. Say we have A/B. F = forward rate given. Fcalc = forward you have to calculate. If F>Fcalc: “Absolutely Bad” Borrow A to get B sell B forward to get back to A. If F
Vinnie: have any for FCFF/FCFE?
Exit routes for PE = I,S,M,L I Shall Make Level3 IPO, Secondary Market Sales, MBOs, Liquidations
vinniepaz730 Wrote: ------------------------------------------------------- > mmms I just use random letters > like > > PIPABC-PBO > CEIAA-Pension Expense > FABE-Fair value of assets > FUUU-IFRS liability > NOCM-beg. NAV > > > stuff like that What is FABE? I see inventory, deferred taxes, operating leases, SPEs, reserves/allowances, and goodwill/intangibles… I was hoping someone had something good for those because I could use an adjustment mnemonic…
FABE is for fair value of assets, which is Fair value at beg. Actual return+ Benefits Paid- Employer Contributions+ --------------------------------- Ending Fair value of assets Hence FABE I dont have any for FCFE/FCFF since i ended up memorizing those formulas.
From when I got my bartending license: TTLL= Tequila, Triple Sec, Lime, Lemon: How to make a margarita has evolved to: TTLL= Tax, Time, Liquidity, Legal: PM
i thought being a bartender was great pay (and mostly cash)…I would love to get a gig like that by me (jshore) in the summers and just make bank and get s*anks
For accounting adjustments (valuation): GS PoLiCe Goodwill Securitizations (of receivables) Pension LIFO Capitalized Interest There are probably a million of these (I left out change in market value of debt, 'cause it’s obvious if they give it to you, and I left out lawsuits, redeemable preferred stock, etc.) but I always forget about Goodwill. So they happened to make GS Police which I thought was kinda easy to remember since it’s related to manipulation by management.
For EVA it’s gangsta NOPAT - $WACC where $WACC is a pimp ridin in a Ford LTD with a hoe $WACC = WACC * (LTD - SHE) LTD long term debt SHE shareholders equity unfortunately, NOPAT = EBIT[1-t], and I fail to find any resemblance to something gangsta in that. When $WACC needs some economic income, he sends his hoe to the DMV (in the LTD of course) so Economic income = CFAT - DMV CFAT (she’s a big girl) cash flow after tax DMV (the “delta” in market value) I know this is terrible, but it’s helping me if no one else. and all apologies for any offenses–i’m just trying to keep it sticky
Great article in New York Times Magazine about memorization techniques, like the ones tried above. http://www.nytimes.com/interactive/2011/02/20/magazine/mind-secrets.html?ref=magazine