Caracci

I am pleased to report that the article I wrote with Ken Patton of Mercer Capital on the Caracci case will be published in an upcoming edition of the AICPA's CPA Expert.  Ken and I worked hard to maintain the point-counterpoint structure of the article which takes two different perspectives on the appropriateness of the market approach in valuing single market entities by reference to multi-market public companies, as well as the import of MVIC or right-hand side of the balance sheet approaches to valuation versus left-hand or asset side approaches.