Seminar Presentations

Upcoming Presentations
I am listing the open seminars that I will be doing in the near or far future. Since I am not involved in the logistics of these seminars, I have linked each to the entities responsible for running the seminars. If you have any administrative questions, please contact them. If you have questions about content, you can email me or check past seminar presentations (below).

Seminar Location	Date	Seminar Topic	Contact Entity
Sao Paulo, Brazil	TBA	Valuation Corporate Finance	Dauer, Brazil
Rio, Brazil	TBA	Corporate Finance Valuation Investments	Alliance Corporate Education
Mexico City, Mexico	TBA	Valuation	Alliance Corporate Education
New York, NY	TBA	Valuation	NYU Stern School of Business
Athens, Greece	TBA	Valuation	ALBA, Athens

Past Seminars
In this section of my site, you can download copies of the power point presentations (in pdf format) on a variety of topics. Some of these presentations are from outside the US, and the examples from each setting/country can be downloaded in excel format. I will be updating this site at regular intervals and adding material from other presentations.

Setting	Topic of Presentation	Date	Material that can be downloaded
Los Angeles, California	Anatomy of a Leveraged Buyout	December 2007	Presentation Valuation of Haman Optimal Capital Structure: Harman Enhanced Capital Structure: Harman APV Analysis: Harman Restructured Valuation: Harman
Wichita, Kansas	Equity Risk Premiums	July 2007	Presentation Historical Risk Premiums Implied Equity Premiums (past) Implied Premium calculator (Try it out yourself)
Sao Paulo, Brazil	Valuation: First Principles and Loose Ends	June 2007	Presentation Valuation of Gerdau Steel
Rio, Brazil	The Value of Control and Corporate Governance	June 2007	Presentation Gerdau optimal capital structure
Boston (MFS)	Valuation Seminar (1 day)	May 2007	Presentation Valuation of Amgen
New York (PWC)	Valuation Seminar (2 days)	April 2007	Presentation
Dartmouth	Dante meets DCF: Ten Valuation Sins	February 2007	Presentation
UPenn Law Conference	The Value of Control	December 2006	Presentation
AIMR Conferenence	Leverage and Value (Expanded Versions)	December 2006	Presentation
AICPA Conference	The Cost of Illiquidity	December 2006	Presentation
Rio De Janeiro	Investment Philosophies	October 2006	Presentation
New York	Leverage and Value	September 2006	Presentation
GE (Connecticut)	Acquirer's Anonymous: Seven Steps to Sobriety	October 2006	Presentation (updated from 2003)
Mexico	Valuation	June 2006	Presentation Valuations of Banorte and Cemex Implied risk premium for Mexico
Brazil	Discounted Cash Flow Valuation Relative Valuation and Real Options	March 2006	DCF Presentation (ppt version) Relative Valuation & Real Options Presentation (ppt version)
Dartmouth	Loose Ends in Valuation	March 2006	Presentation (ppt version) Papers on loose ends
Chennai, India	Valuation: Ten Principles and Tying up Loose Ends	Feb 2006	Presentation (ppt or pdf versions) See 7/7/04 presentation for Tata Chemical and Wipro valuations
Amsterdam	Fair Value Accounting: Mission Impossible?	Jan 2006	Presentation
Las Vegas	The Value of Control	Nov 2005	Presentation Read the full paper Valuation of Blockbuster: status quo and optimal Valuation of SAP: status quo and optimal Valuation of Nintendo: status quo and optimal
New York	Applied Corporate Finance	July 2005	Presentation Project Description Web site
Brazil	Investment Analysis/ Capital Budgeting Valuation Advanced Valuation	June 2005 June 2005 June 2005	Presentation (Investment Analysis/Capital Budgeting) Presentation (Valuation) Presentation (Advanced Valuation) Valuation of Kristin Kandy Implied Risk Premium for Brazil (2005) Ambev: Valuation, Capital Structure, Restructured Vale: Valuation, Capital Structure Valuation of Embraer Valuation of Embraer restructured
Frankfurt, Germany	Valuation	May 17, 18/05	Presentation SAP : Valuation, Optimal Capital Structure, Restructured Valuation of Kristin Kandy Implied Risk Premium for Germany Relative Valuation data for Germany (2005)
Athens, Greece	Valuation	May 19, 20/05	Presentation Titan Cement: Valuation, Optimal Capital Structure, Restructured Implied Risk Premium for Greece Relative Valuation data for Greece (2005)
New York, NY ( S & P)	Valuation	Summer 2005	Presentation Titan Cement: Valuation, Optimal Capital Structure, Restructured Valuation of Kristin Kandy Implied Risk Premium for Greece Implied Risk Premium for US
Frankfurt, Germany	Valuation	10/1, 10/2 /04	Presentation BMW: Valuation, Optimal Capital Structure, Restructured Implied Risk Premium for Germany
Milan, Italy	Value Enhancement	7/9/04	Prese ntation Ducati: Valuation, Capital Structure, Restructured
Hyderbad, India	Intrinsic and Relative Valuation	7/7/04	Presentation Implied Risk Premium for India Tata Chemicals: Valuation, Capital Structure, Restructured Wipro: Valuation, Capital Structure Relative valuation data for India
Grace Kennedy, Jamaica	Corporate Finance - Grace Kennedy	6/29/04	Presentation Optimal Capital Structure for Grace Kennedy Valuation of Grace Kennedy
Rio De Janeiro, Brazil	Estimating Cost of Capital, Acquisition Valuation and Real Options (short)	6/15/04	Presentation Implied Risk Premium for Brazil Ambev: Valuation, Capital Structure, Restructured Vale: Valuation, Capital Structure Valuation of Aracruz
Sponsors for Educational Opportunity	Corporate Finance in a day	6/1/04	Presentation
Greece	Valuation	5/20/04	Valuation Presentation Implied Risk Premium for Greek market (xls) Valuation of Titan Cements (xls) Optimal Capital Structure for Titan Cements Titan Restructured Valuation
M & A Conference	Acquirer's Anonymous: Seven Steps to Sobriety	11/11/03	Presentation
Sao Paulo, Brazil	Valuation in Brazil	10/24/03	Valuation Presentation Implied Risk Premium for Brazil Valuation of Embraer Valuation of Embraer restructured
FMA Meetings (Denver)	Intrinsic Valuation in a Relative Valuation World	10/9/03	Intrinsic Value in a Relative Valuation World
Milan	Investment Philosophies: Seeing the Big Picture	9/25/03	Investment Philosophies
NACVA Conference	Value Enhancement	5/30/03	Value Enhancement
Greece	Valuation	5/22,5/23, 2003	Valuation Presentation Implied Risk Premium for Greek market (xls) Valuation of Titan Cements (xls) Optimal Capital Structure for Titan Cements Titan Restructured Valuation
AIMR	Loose Ends in Valuation	12/05/02	Loose Ends Presentation Closed End Fund Discount Complexity Score Valuing Synergy Valuing Control Valuing Options Estimating Probability of Distress Valuing Illiquidity
AICPA	The Value of Transparency	11/02	Value of Transparency
Graduate Finance Association (Stern)	Investment Philosophies	10/02	Investment Philosophies presentation
United States	Valuing Distressed Companies	7/02	Valuation Presentation (pdf) Valuation of Global Crossing
Greece	Valuation	9/27,9/28, 2002	Valuation Presentation (pdf) Relative Valuation Presentation (pdf) Implied Risk Premium for Greek market (xls) Valuation of Titan Cements (xls) Optimal Capital Structure for Titan Cements Titan Restructured Valuation
Stern Undergraduate	Twleve Myths in Valuation (2 hours)	10/26/01	Valuation Presentation
AIMR (Cambridge)	Valuation ( 1-day)	7/2/01	Valuation Presentation Valuation of Titan (in Euros)
U.S.	Corporate Finance (2-day session)	Summer 2001	Corporate Finance Presentation Spreadsheets Data
General	Valuation (1-day seminar)	Summer 2001	Valuation Presentation
General	Relative Valuation (1/2 day)	Summer 2001	Relative Valuation Presentation
General	Real Options (1/2 day)	Summer 2001	Real Options Presentation
Brazil	Corporate Finance	3/22/01	Corporate Finance Presentation Optimal Capital Structure - Embraer Optimal Capital Structure - Aracruz
Brazil	Valuation	3/23/01	Valuation Presentation Implied Risk Premium for Brazil Valuation of Embraer Valuation of Embraer (restructured)
Brazil	Valuation	4/14/00	Valuation Presentation (pdf) Implied Risk Premium for Brazil Market Valuation of Brahma Valuation of Brahma (restrctured)
India	Valuation	6/27/00	Valuation Presentation (pdf) Tube Investments valuation Tube Investments capital structure Parry's valuation Parry's capital structure
Portugal	Valuation	5/20/99	Valuation Presentation (pdf) Implied Risk Premium for Portuguese market (xls) Valuation of Portugal Telecom (xls) Optimal Capital Structure for Portugal Telecom
US	Valuation of Technology firms	March 2000	Valuation presentation Valuation of Amazon.com Valuation of Compaq Optimal Capital Structure: Compaq Optimal Capital Structure: Amazon Valuation: Compaq Restructured
Italy	Value Enhancement	1/10/00	Value Enhancement Presentation (pdf) Implied Risk Premium for Milan Index (xls) Valuation of Telecom Italia (xls) Restructured Valuation of Telecom Italia Optimal Capital Structure for Telecom Italia