Podcasts about dcf

We're still deep in Forbidden Door season, but thank God TK didn't leave us in the doldrums of last week and we DO seem to be building some storylines again! Kenny showed up to work and revealed his plan to get back on top: fighting Zack Sabre Jr…? Huh. Love to see you though, Ken! Thekla's the only one absolutely killing it with a Forbidden Door storyline, but she's working hard enough for ten men and doing an incredible job. Of course she doesn't have the glass ceiling over her that Mark Briscoe does, but still. And thank God Swerve is back and brought SO much erotic energy to his promo with Ospreay — girls, we NEEDED this!(00:00) Chitchat time(17:43) Collision and Dynamite overview(20:03) Men's World Title Scene and DCF(53:14) Men's Tag Team Division(1:06:41) Owen Tournament and Death Riders(1:40:04) Women's Division(1:53:32) Ciampa vs. JerichoAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

Send us Fan MailAfter the largest IPO in history (SpaceX, ticker SPCX, priced at $135), only about 5% of the company — roughly $83 billion — is actually free to trade. Insiders are locked up, the banks that underwrote the deal can't lend shares to short sellers, and index funds are being forced to buy as SpaceX joins the Nasdaq-100 and the Russel. In this episode of The Wall Street Skinny, Jen and Kristen, both former Morgan Stanley investment bankers, break down how the IPO was engineered — and the question every SpaceX investor should be asking: what happens when all that locked-up stock can finally sell?First, we cover what is normal in an IPO so you can see what isn't. We cover price talk vs. the $135 take-it-or-leave-it pricing, the green shoe, perpetual futures, and the fast-track Nasdaq-100 inclusion pulling in billions of passive buying. We lay out the risks, meaning the the wall of supply coming. Unlike the standard 180-day lockup, SpaceX is staggering its release: the first ~$240-500+ billion of stock unlocks after the first earnings report around September, with more tranches every few weeks after that — over $1 trillion freely tradeable by December, on the way to a ~$2 trillion overhang once Elon Musk's one-year lockup rolls off.  But we also lay out why the passive buying actually helps dampen that supply PLUS why many institutional investors are NOT bearish on the stock despite the insane valuation.If you want to learn MORE from us, check out our Investment Banking & Private Equity Fundamentals course where we go deep into accounting, Excel and Financial modeling, valuation (DCF, comps etc.), M&A analysis and LBO analysis. https://thewallstreetskinny.com/investment-banking-private-equity-fundamentals/If you're just here to have fun, subscribe for more high finance explained through the lens of pop culture, markets, and your favorite shows.Shop our Self Paced Courses:Investment Banking & Private Equity Fundamentals HEREFixed Income Sales & Trading HERESubscribe to our Substack: https://substack.com/@thewallstreetskinny

Tom Dunleavy is Head of Venture at Varys Capital.In this episode, Tom walks us through his valuation framework for ETH. He offers a mental model where Ethereum is the vault filled with stablecoins, RWAs, and DeFi activity secured by it. But ETH is the lock--and the bigger the vault gets, the more valuable the lock has to be to protect it. Based on Ethereum's current onchain activity, Tom gets us to a fair value for ETH that's much higher than the price today. Furthermore, we discuss what happens to the price of ETH when Ethereum grows to $750B-$1T onchain by 2030.Tom insists the vault won't stop growing thanks to demand for stablecoins and RWAs—and that ETH, the lock, is simply due for a repricing.------

Vendre une entreprise. Faire entrer ou sortir un associé. Préparer une transmission. Structurer un pacte Dutreil. Émettre des BSPCE. Racheter une société. À chaque fois, une question revient : combien ça vaut ? Dans cet épisode des Geeks des Chiffres, je reçois Abderrahman Mekdad, expert-comptable, commissaire aux comptes, associé chez AFIGEC, co-président du CJEC et spécialiste de l'évaluation d'entreprise. On parle d'un sujet que les cabinets d'expertise comptable ne peuvent plus regarder de loin : l'évaluation d'entreprise et le conseil financier. Parce qu'une valorisation, ce n'est pas seulement une méthode DCF, un actif net corrigé ou un multiple d'EBE. C'est une mission qui demande de comprendre le dirigeant, son histoire, son marché, son avantage concurrentiel, ses risques, ses dépendances et ses perspectives. Et surtout, c'est une mission où le chiffre a un impact réel. Dans cet épisode, on parle de : La différence entre évaluation d'entreprise et Transaction Services Les cas concrets : cession, acquisition, donation, pacte Dutreil, apport à une holding, intégration ou sortie d'associé, BSPCE Pourquoi la valeur n'est pas le prix Comment défendre une valorisation avec des arguments solides Pourquoi une bonne évaluation commence par l'immersion dans l'entreprise et le marché Les erreurs des cabinets qui font de la valo “quand ils ont le temps” Comment vendre une mission de conseil à forte valeur ajoutée Pourquoi la facture électronique va pousser les cabinets à développer de vraies missions de conseil Le parcours d'Abderrahman : bac S, DCG, DSCG, DEC, Financial Advisory Son mémoire DEC sur le management bienveillant, primé au niveau national par la CNCC et en Auvergne-Rhône-Alpes Pourquoi choisir un sujet de mémoire qu'on aime change tout Ce que veut dire vraiment “management bienveillant” en cabinet Ce qui ressort de l'épisode est simple : l'expert-comptable a toutes les cartes pour accompagner les dirigeants sur ces sujets. Mais il doit changer de posture. Arrêter de penser uniquement risque fiscal. Comprendre le business.Savoir se former. Se rendre disponible. Et vendre la vraie valeur de son accompagnement. Si vous êtes expert-comptable, commissaire aux comptes, mémorialiste, collaborateur en cabinet ou dirigeant d'entreprise, cet épisode va vous donner une vision très concrète de ce que peut devenir le conseil en cabinet. Bonne écoute. Code Promo YT1 : - 10% sur toute la plateforme Les Geeks des Chiffres. Enjoy et c'est parti !!!POUR ALLEZ PLUS LOIN AVEC NOUS

The biggest opportunities often sit in the work everyone else is afraid to touch. In this episode of the IC-DISC Show, I sit down with Scott Abels, a CPA and business valuation specialist in Austin, to talk about why he built his practice around estate, trust, and gift valuations, the one area most professionals avoid. Scott spent 25 years in corporate finance at Dell and Motorola before launching his own firm. He moved from CFO consulting into valuation, then narrowed further into estate and trust work, an area with its own IRS code sections, examination rates above 20% on large estates, and the highest error rate he's seen. He walked through the landmines, retained rights and marketability discounts among them, where a single mistake can wipe out a client's discounts entirely. What struck me was his case for getting the valuation expert in during planning, not after, when it's often too late to fix anything. The same logic shows up in his turnaround standard of 30 to 45 days and the dozen questions he tells attorneys to ask before hiring anyone. Scott also revealed a project he'd been quietly working on, a plain-English book for Texas attorneys, and his answer for how the busiest professionals actually want to be helped. SHOW HIGHLIGHTS * The riches really are in the niches: narrowing from CFO work to a field with fewer than 10 true specialists turned a commodity service into a moat. * The IRS examines large estates more than 20% of the time, because it knows that's where taxpayers try to avoid taxes, so the valuation has to hold up. * Get your valuation expert involved during estate planning, not after; retained rights and other landmines often can't be fixed once the structure is set. * A buy-sell agreement signed and executed perfectly still won't bind the IRS, which weighs economic reality over legal form every time. * Overstep on discounts and the penalty isn't just losing them; the IRS can throw out your whole valuation and re-value with no discounts at all. * Before hiring a valuation pro, ask their guaranteed turnaround time and whether they offer audit defense; vague answers signal it's a side service, not their focus. Contact Details LinkedIn - Scott Abels LINKS Show NotesBe a Guest About IC-DISC AllianceAbout ETG Valuations TRANSCRIPT (AI transcript provided as supporting material and may contain errors) Dave: Good morning, Scott. Welcome to the podcast. Scott: Thanks, Dave. Thanks for having me. I'm looking forward to visiting with you. Dave: Sure. So where are you located today? What part of the world are you calling into from today? Scott: I'm in Austin, Texas. Cloudy, Austin, Texas this morning and just up the road from you a bit. Dave: Okay, well, that sounds good. So I've been really excited to have you on here. You were a guest a while back. You've kind of had some updates that I want to talk about. So why don't we just talk out. Scott: Talk. Dave: Give me a little bit of your background, you know, where are you from, what you're, you know, how'd you get to this point in your career? Scott: Sure. So I'm a Texas boy, born and raised. Went off to college, majored in accounting, got my accounting degree at the University of Houston and went, went straight into industry. Got my CPA shortly after. After I graduated and went into industry. And I spent about 25 years in what I call corporate America. Dell, Motorola, in corporate finance. And you know, most of my background is running a business division of a larger business. So it's really understanding how businesses work, how the day to day operation works, how's. How does the business model work from a financial perspective? Because I did that for about 25 years. Started my own consulting business about 15 years ago now. Dave: Okay. Scott: Initially, I started out as a CFO consultant, just kind of using the things that I learned in corporate America for smaller businesses in the. Mainly in the Austin area. And really quickly I, I had a client early on who needed help with business valuation, wanted to buy out a minority partner, and so I went away and got the valuation credential, the cva. It's essentially a CPA for business valuation. Dave: Okay. Scott: And I did a couple of these business valuations and I realized several things really quickly, Dave. I realized that these are like business valuation is like a puzzle. It's like a little business puzzle. And it's just perfectly suited to my background in understanding how businesses work. So I really, I like the work and it's well suited to my background. Other things I realized is as a CFO in Austin, I'm probably one of a thousand. Lots of competition, really. A commoditized service at the time that I started out, probably still is. As a business valuation professional, though, I'm probably one of 15 or 20. Okay. And there's probably only, you know, there's probably fewer than 10 of those that specialize and do nothing but business valuation. It's much more of a niche and you know, Much more of a specialized industry. And it just was a great fit with my background. So that's where I am today. I'm specialized in business valuation. And, you know, my background as a CPA and in corporate America has really kind of lent itself well to what I do currently. Dave: Okay. No, I appreciate that oversight. And, you know, my business is somewhat similar that, you know, there's a saying the riches are in the niches, and I'm convinced. But I find most professionals don't have the courage to really truly focus on a niche because to say yes to the niche, you have to say no to everything else. And so I really respect, you know, niching know, you know, kind of highly focused on the valuation. But then it sounds like you've done. You've decided to niche even further. So talk to me about that. I see what's in your background. I assume that's got something to do with does. Scott: It does. And you know, Dave, I'd like to tell you that I planned this whole thing out and that it was all this, you know, deep thought and yeah, this business research and everything else. But it really just has kind of evolved along the way, you know, from doing CFO work, which is pretty broad, to. To doing business. Valuation was, you know, really a specialization move there. But it made sense for my background and it was a, you know, a good opportunity based on. On, you know, what my skill set was and what I found now after doing valuations for several years is that one area that I think has the, you know, maybe a greater need than any other is estate trust and gift valuations. And, you know, the reason, there's really three reasons that I can think of. One is that it's. It has its own specialized IRS rules and regulations for estate trust and gift. So it's almost like there's every other valuation and then there's estate trust and gift that has its own specialized code sections, and it's very different from typical valuations. Another reason is that the IRS really scrutinizes estate, trust and gift valuations more than any other. So, for example, large estates, they are examined greater than 20% of the time when their returns are. Their tax returns are. That's a really high examination rate. And the reason is because the IRS knows that there's ways in there that taxpayers can avoid taxes. And so, as you might imagine, the IRS is not a big fan of taxpayers avoiding taxes. So they're going to examine those, especially the big estates. So specialized rules. The IRS loves to look at these. And the last reason is this is an area that, where evaluation folks make mistakes probably more than any other is what my research has told me. You know, it cries out for somebody to really specialize in this kind of work. And because, like I said, just because not everybody can do this. The problem is a lot of folks try to do this as a one off. And that's where we really end up hearing the horror stories about how the IRS picks these things apart. So for me, where a lot of people see this as an area of risk they don't want to touch. It's an area that I run to because it, you know, again with my specialization in this area, it allows me to work in the here and to see it as a real opportunity to serve clients better than what they might normally get from their, from their okay CPA or from, you know, from many other valuation professionals. Dave: Yeah, and I suppose it's a little bit like you, like a generalist valuation person. Doing a state trust or gift valuation is a little bit like a corporate attorney who really is great at corporate work. M and a contract work. And then they have a buddy who says, hey, we need to do this, we need to set up some, you know, this is this trust and we need to do some gift work. And the attorney says, yeah, sure, no problem. Right? I mean, technically they're qualified, right. They're a member of the state bar, they have a law degree. And so, you know, and the IRS recognizes that degree. But is it kind of a similar thing where you just, people just don't know what they don't know? Scott: It is. And I just look back to when I started doing these, I didn't know about all of the different code sections either. I wasn't doing these things at the time. And when I started doing these a few years ago, I realized, you know, some of the specialized knowledge and code sections that you have, and after doing them for a number of years now, I think I realized it even more. And it just is, it's a flashpoint area for the irs. They know that there is a lot of potential to go in here and claw back revenue because of things like discounts and retained rights. Things that don't come up in normal, you know, discounts come up in normal valuations, but not the way they do in estate and trust and gift valuations. And it's a, it's an area where you can, you know, clients can take advantage of the rules to save themselves significant taxes, but if they don't do it properly or if they, if they overstep the penalties are huge. So not only do they lose what they thought they had in discounts, for example, but the IRS may completely invalidate their whole valuation and go back and value it for them with no discounts. So the penalties are huge here. Which, again, I think is a reason that I see this as a huge opportunity to help clients navigate what is really a minefield here. It's a, it's an opportunity, but it can potentially be a huge downside if it's not done properly. And being able to offer that kind of specialized knowledge, I think is very valuable to clients and especially to their attorney partners. Dave: Yeah, I can understand that. And, you know, is this is when you get, when you pick up valuation clients in this space, is it like it was in the. When you're doing general value valuations where you just get a call from somebody out of the blue and they say, hey, Scott, you know, I've got this trust set up and I need evaluation done. Is that how the clients come to you? Is it just the actual end user calling you, or does it come to you some other mechanism? Scott: So it's. The short answer is no. It's seldom the end user because the end users don't usually know what they don't know. Right. They are reliant upon an attorney. So in almost every case it's going to be in a state and trust attorney who's going to recognize there's a triggering event where they need to get evaluation done and they'll reach out to me or to another valuation professional at that point in time. And so that's where the whole process usually starts. Interestingly enough, what I share with estate and trust attorneys when I visit with them, have a coffee shop conversation, is that it's even better, more advantageous to them and their clients to get their valuation person, regardless of who that is, to get them involved on the planning side way at the beginning of this, when the estate and trust attorney is putting together the whole, you know, the whole package of here's what we're going to do, here's the way we're going to set these things up, and here's how it's all going to flow. Because, you know, sometimes what we find is we do that valuation way later, way after the estate planning has been done, and we find these issues like retained, retained rights, for example, it's too late, then there's nothing else we can do. It's already, it's going to do, you know, it's going to, it's going to be a negative for the clients at that point. Whereas if we had been involved on the front end of the planning in this thing, we might have been able to say, hey, look, the IRS is going to look at that and they're going to disallow that as far as a tax advantage goes. So let's find a different way, you know, to work around that. But all that work, regardless, it comes in through attorneys or their CPAs. Client CPAs. Attorneys and CPAs who have business owner clients who experience a triggering event. And that's how we get involved. Dave: Yeah. And I know, I know that attorneys get a bad rap in certain circles, but I know that you and I, one, you know, we've known each other a while and one thing we each have in common is we, I think in a different life, either or both of us could have very well gone to law school, practice law. I know you have a brother who's an attorney, but I think early in your professional career, I think you had an insight into the legal profession that I think helped develop that appreciation for the profession. Is that right? So tell me about that. I know there's a story, but I really don't remember much about it. Scott: So you've been digging into my background here, Dave, I can tell. And you've done a good job. So early on. You're exactly right. Early on, I was from a small town in Texas called Bay City, about an hour and a half southwest of Houston there, and small town. And I worked for an attorney who was a family friend, a well known guy in the community. We knew him from church and like family and everything, and he was kind enough to let me work for him as a small one man office during the summer and during breaks and I got exposure to the legal profession like, like you could never get today, you know, here I am, a kid in college, don't have, I don't have any kind of legal skills or background or anything, but. But the one thing I was curious and willing to kind of jump in and wanted to learn stuff. And the attorney's name was Lynn Grebe. He was a general practitioner. So I got to see estate, trust wills, I got to see general business stuff. I got to see divorces, real estate, even did some small criminal defense stuff. So he's a generalist. Dave: Yeah. Small town, you kind of have to be. Scott: Right, exactly. So I went to the courthouse and filed suits and filed documents. I did some legal research, some, you know, lightweight legal research, but. And I listened, you know, I drafted documents for him and I just, I got to spend a lot of time with this guy. He was very generous. And as a one man office, I had access to him on a, you know, on a, you know, full day basis. So I got to see how he thinks, I got to see how attorneys work, I got to see how the legal profession works. And what I figured out was it really is, it's a very logical thinking kind of, you know, of a practice of a work. And, and it just thought, hey, you know, I, I like this. It's logical, it makes sense, Communication is really big. And I was always a good writer and I was just kind of drawn to that work. And I got to see again how a law office works early on. And Lynn was really a, was a professional role model for me. My parents were not professionals, business professionals. So he was, early on he was a role model for me as to how you conduct yourself, how you run a business. And, and I just really, you know, kept a lot of those things that I learned from him early on. And so I, you know, when I got out of college, got my cpa, when I started my own business working with attorneys, it was, it was kind of a natural, comfortable throwback for me, Remembering how law offices work, remembering how attorneys think, the time pressures, the schedules, all of those things that go in with being attorneys. It was kind of a, like I said, a natural return to some of those things for me. The other thing you didn't mention is, you're right, I've got a brother who's an attorney, I've got a son who's an attorney. You know, I can't do lawyer jokes anymore. I'm not allowed to do those without really offending family members. I've learned to, I've learned to huddle with attorneys on a regular basis at home and at work. Yeah. Dave: And the other thing that I've noticed About attorneys and CPAs is that, and I think it's part of what motivates them professionally. And when I tell this to attorneys and CPAs, they kind of all shucks, downplay it, but they really are, in many situations, they're a hero, they're a superhero to their clients. They are either saving them from a dire circumstance like, you know, the client was audited and they have to come in and clean up, or they were sued or they're doing planning that, that really relies on that. And I think one of the things that I especially appreciate about attorneys is they are this in some ways, you know, they're right up there, I think, with the cpa and you can make a case of which one is the more trusted advisor and maybe depends on the circumstances. But I've noticed the attorneys I've met, they really relish that fiduciary duty to their clients. They don't take it lightly. And they really are about the big picture and especially on the estate and trust side. I mean, they're doing work that, that's going to survive them and they're, they have to have a long term focus and a patience and a discipline and they have to be willing to push back on the client and say, yeah, I know it's helpful if we value this business at $5 million, but come on, Charlie, this business is worth $40 million. So maybe we can get some discount, you know, and maybe make it valued at 30 or 35 million. But we can't value it 5 million. And if we do, we're just asking for trouble. Scott: So anyway, that's kind of been my Dave: experience of working with attorneys. How has yours been? Have you had a similar experience? Scott: Yeah, and I go back to Lynn, Lynn Grievy, the attorney that I worked for. You just explained exactly the relationship that Lynn had with his clients. You know, these people looked up to him as a, you know, one of the, one of the towers of the community. He really was the guy that, that, you know, that looked out for the, you know, the common man in, in many ways, like you said. So he really was, you know, just a great figure in the little small town when I was there. And so many of the attorneys that I work with now, and especially estate and trust attorneys, Dave, as I work with these folks and, and I know a number of them and you know, and speak with them on a regular basis, even when we're not working on a particular evaluation case. And they are, like you said, they are not just doing a service for that client, they are doing something for that client's children and grandchildren oftentimes. And the clients are trusting these attorneys, especially the estate and trust attorneys, to know this mountain of regulation and to understand how to help them navigate based on their, their particular circumstances, something that's going to survive them and their children and maybe down to their grandchildren. So I agree with you. Most attorneys that I know relish what it is that they do because they can do something that not everyone can do for those clients and they love making clients happy. Dave: Yeah, yeah, that's certainly been my experience as well. Well, why don't we dive just a little bit more into the estate and trust and valuation discount. What are some other, like, if there's an estate attorney Listening to this, what are some other things that maybe they're not familiar with? As far as landmines or opportunities on the valuation side? What are some other things that come to mind? Scott: You know, it's interesting that you, that you mentioned that there's several IRS code sections that deal with very specialized rules. And so we actually, you know, have done some research to find out what are the rules that most often trip up, you know, attorneys and their clients. And we recently put together a white paper that I've shared with a lot of my trust and estate attorney friends of some of the, in this case, the six top things that tend to trip up attorneys and their clients. And it's, you know, it's things like treating a family buy sell agreement as fair market value. Just because you prepare a buy sell agreement and you go through the formal documents and have everyone sign it and you say, hey, here's what the value of our LLC is going to be. Just because you've done everything properly legally doesn't mean that the IRS is going to accept that. The IRS looks at the economic reality over the legal form. So just because you say, you know, hey, we gave this property away, you know, from this client, this client, you know, gave this property away, and so it's not included at his estate, the IRS looks at it differently and they say, okay, you gave it away, but you gave it away two days before you died. You know, this is almost, it's not, you weren't really looking to give this stuff away. You're looking to avoid taxes to your estate, right? Or let's say that the client says, hey, I'm giving away this, this, this business interest, you know, to my kids, but I'm retaining the right to, to make dividends, you know, from that business interest. The IRS looks at that and says, you're like, we call that retained rights. The IRS says, hey, you're retaining, you know, certain rights to that business that suggests that you still control it. So guess what? That business interest, you know, for $30 million that you said you gave away is not part of your estate. You effectively kept that. We're going to pull that back into your estate now and you're going to owe us taxes on that. And you've got a huge estate. So this means that your marginal tax rate on that business is, you know, it's astronomical. So, so those are some of the types of things. But it's, you know, it's knowing specialized rules like, you know, retained rights. It's another area where the IRS really gets folks is in discounts. Dave: Okay. Scott: Oftentimes. So discounts are a legal tool to use to represent a market reality. And so let me just give you an example there. You know, we have what we call a marketability discount that we can take on a business interest. And what that means is I can't turn this into cash very easily. A marketability discount shows the market reality that my privately held business, if I wanted to liquidate it, it would take me some amount of time and probably a lot of time, probably many months to liquidated. And therefore a, an informed investor would pay me less for that. They would discount that. Dave: That's a, sooner you want to close, the bigger the discount. Scott: Right? Dave: I mean, if you went to an arm's length transaction, that said, I have this $50 million business that would normally require a year of due diligence and you say to them, what will you give me to close on this business in one month? Well, they naturally are going to put a huge discount on that to account for the fact that they're having to skip their normal due diligence to offset their risk. Scott: Yeah, it really is a risk and return thing, is what these discounts represent, but it represents a market reality. Okay. What you can't do, though, what the IRS really frowns on is when maybe, let's say it's a CPA or somebody who only does valuations part time and they, you know, they're going to go look and they're going to say, oh, okay, for, for this type of asset, the average marketability discount is 35%. So boom, there we go. We're going to put 35% on it. They don't bother to explain it in the report because there's nothing to explain. They just went and found the market average. And the IRS is going to say, absolutely not. The discount needs to reflect the market reality of what's going on here. And, and using an average is not acceptable. And there's tons of court cases that show this. Now, if you went, for example, and found a court case with an asset that was very similar to yours, and they took a 50% marketability discount because of certain market realities with that business, and you and your business was very similar and had the same set of facts and circumstances, you might be able to take a 50% discount, but you've used a court case or you've used, you know, solid reasoning for how you did that. You didn't just take an average. So discounts are a huge area that the IRS loves to attack. And then like I said, the Last thing, really is the overriding theme in so many of these estate, trust and gift rules of the IRS is valuing the economic reality over the legal form. So just because you say that you gave something away, if you retain the right and use, you know, the ability to use it and to enjoy it and to have certain rights, the IRS says, I don't care that you've got a legal document that's signed. You didn't really give away those, those things from an economic perspective. And so you lose your discount and we're going to hit you where it hurts, which is in tax dollars. So that's what makes, you know, this area of specialization, you know, so difficult for a lot of folks. You don't want somebody who dabbles in this stuff. You really need to know these rules and to have dealt with them and to be experienced in this. Dave: So that's a really interesting point on the discount because, and I guess it's because these are related party transactions is what causes the scrutiny. Because if you have a $50 million business and you have a unrelated third party and they strike a deal to buy the business for $25 million and that's what everybody agrees to, then that's the price. And there's really no way for any other entity, a government body, a bank, anyone else, to really question it. Or conversely, if they're. A bidding war happens and that $50 million business sells for $100 million, that the contract governs it. As long as, you know, it meets the elements of a contract, that contract is valid. And it just strikes me that I could see somebody being tripped up on this because like you said, they could have all the I's dotted, the T's crossed, it being notarized, being signed by all the parties, I could see all that happening. And it seems like that $50 million business that you valued at $25 million, on the surface, everybody may think, hey, we're in great shape, I's dotted, T's crossed, everybody signed it, we had it notarized, we signed in a fancy office, everybody was sober, we're good. So is that, is it the related party aspect that creates the nuance and the difference? Scott: That. That is a big part of it. So in estate trust work, we're talking about, you know, it's clients that are doing things for themselves that often involves their family members or close friends. And so that's exactly what it is. So if, like you said, if, you know, a sale to an unrelated third party, that's market value, unless there's something else going on under the table. Otherwise, it's, by definition, it's what the market would pay and, you know, a buyer who doesn't have to buy and a seller who doesn't have to sell. But when you're doing these things, when you're gifting something to your children or to your spouse and you're assigning a value to that, it's a much different story, right? Because now it's, that's a family member or a person that's close to you. And you know, the real thing here, that that's, that that causes the friction, Dave, is that, you know, IRS rules allow people to take advantage of certain things to pay less taxes. There's certain things you can do. You can take discounts. The thing is, you can't take, you can't just willy nilly take discounts. They have to be properly supported and they have to be market based. And, and unfortunately, those things are not clear and objective. It's like, okay, you get, you do 1, 2, 3. And it works perfectly every time, right? There's a lot of subjective knowledge that goes into this, but at the end of the day, it needs to make sense to the irs. And they make the assumption they're at, they're adverse from us, right? From us and our clients. And their assumption is this thing is probably wrong unless you can prove to me that it's right. And that may not seem fair, but oftentimes that's kind of the way it is with the valuation. So it's really important to prepare that valuation from the perspective of, I'm expecting that the IRS is going to ask me these questions and they're going to push on me on these areas. And so I want this report to be so clear, when they look at it, it's like, okay, well, I see what he did. I may not fully agree with it, but what he did was reasonable and he didn't take any crazy positions. As opposed to just doing a standard valuation where you don't really speak specifically to some of those issues. You leave those areas of interpretation open for the irs and they're going to take advantage of that every time because they've done way more of these than our client has. Right? Dave: Well, I couldn't. But I always thought that once you did the valuation, you were done, you washed your hands of it. You said, hey, that's it, we got this crazy 80% discount. I'm done, I've washed my hands of this, and I never am going to be asked about this again. Is that how it goes. Scott: And I'm sure that you're being facetious when you ask that question. That's how it goes with some evaluation professionals, unfortunately. But that's not how it goes at atg. The way that we do these things, when we do evaluation like this, we always offer what we call audit defense. And you know, what that means, is that if the IRS picks this thing up and does a first line of examination of this, we're going to represent you. Whether that means sitting down with him face to face or answering emails or getting on a zoom call, we're going to defend our work. And so we're going to talk to the IRS and say, hey, look, here's what we did. Here's why we did it. And, you know, the IRS doesn't always have to agree with you. That's okay. They may not agree with you on everything. They probably won't. But as long as you. As long as you can clearly explain and it makes sense from a market perspective, you're going to be okay. And so when we prepare these things, we know that we are going to be having to explain this to the IRS potentially, and that's the perspective that we take. You know, one of the things we. That we typically say is we think like the irs, before the IRS ever shows up, we're thinking like, okay, what are the questions that they're going to ask? What are the areas that we need to really do? Make sure that we've got this thing perfectly buttoned up and prepare that. Like, we're going to sit down with an IRS agent who's angry and hasn't had his coffee on that day. And so we do that in advance for every one of these, knowing that we're going to. That we're going to be. That we're going to be on the hook if they examine this thing? And so we're never. We don't ever leave the client, you know, hung out to dry. It's like, okay, I do see that from time to time where clients come and they've got a. They've got evaluation, or their attorney comes and says, hey, we got this valuation. And it seemed really great, but the IRS has got all these questions about this 80% discount, and we don't know how to answer them. And we can do what we can do to try to, you know, to try to help the situation. We can't fix those things that, that, you know, if it's. If they've taken. If somebody else has taken a position that's not defensible. Not a whole lot we can do, but hopefully what we can do is just to help to, you know, to smooth it as much as possible or to prepare the client in advance for, you know, for what is likely to happen here is oftentimes what we do. Dave: Well, it sounds like your approach is more thorough and probably takes more time than just, you know, somebody who, you know, has some boilerplate language. They do 10 minutes of research, they say the average discount for this industry should be 40%. They plug it in, they have a five page report and they say that's that. You know, is this one of those things of you, you get what you pay for? It is. Scott: It is. It definitely takes more time for us to do it the way that we do it, which is building that report, assuming that the IRS is going to ask us questions, takes more time and it costs the client a little bit more to do that. But the downside is such that it more than pays for itself. If you think about it, we're, you know, I talk with the clients, with attorney referral partners about this. Where would you rather your client be? Would you rather them be elated about that 80% discount that they got that is not defensible? Or would you. Are you still going to be there when the IRS examines this? They got a 1 in 5 chance of examining it. Are you going to want to be there when you have to give them the bad news that the IRS disallowed the discount? And the problem is, Dave, that if the valuation is off significantly, the IRS doesn't just say, oh, no, that's not 80, it should have been 50%. So we're just going to take the delta. They look at it and they say, it's 80, it should have been 35. You guys screwed this up so bad that we're going to disallow the whole discount. And oh, by the way, that other discount that you took to, you took a control discount, it's automatically disallowed too, because you have so egregiously misstated this. And they can take the final step of saying, we're going to disallow the whole valuation here. We're going to set the value and you don't get any discount. So that's the absolute worst that could happen. But think about it. When they disallow that, that big discount that you've promised your client, and they've probably put the money in the bank and maybe even spent it, now you got to go back and say, hey, we don't. Not only do we not get that. That 50 or 80% discount, but you got to turn around and pay taxes on that whole amount. And, you know, for these larger estates, it could be millions of dollars. It's oftentimes. It's always thousands, hundreds of thousands, oftentimes millions of dollars that the client didn't think they were going to have to pay. They were super happy when they got that really cheap valuation. But. But it's like, okay, would you have paid, you know, 25 or 30% more for the valuation if. If you would have known that it was going to save you this whole debacle? Dave: Yeah. We're talking thousands of dollars in additional fees versus millions or tens of millions of dollars of tax exposure. Scott: Absolutely. That. That is potentially it. So I have never seen a case where, when the IRS reviews these things, where the incremental fee, you know, that the client, you know, would have paid is more than the, you know, the exposure that they have to the irs. It's always, you know, a multiple of that. So that, you know, the easy way to say it is there's huge downside here. And a lot of times, if it's a big estate and, you know, and there's some thorny issues involved, it makes much more sense to go ahead and get these things done right the first time. Dave: Okay. And, I mean, I. I know a lot of attorneys and some of the estate planning attorneys I know just getting ready for this call, I'd asked them, like, what are some of their frustrations with valuations? And one of the things they said is just re. Is responsiveness. They said, there are some firms out there. They said, you know, we're kind of under the gun. We brought the valuation person in too late, and they need three months to do this valuation. And, you know, sometimes it's a part of a large bureaucratic organization, and it's just, you know, there's just that. And my sense is that you all, being a boutique firm, focused purely on this, I'm guessing you have service options where you can turn things around more responsively than, you know, months. Is that true? Scott: Yeah, that is absolutely, Dave. You know, our standard Turnaround is usually 30 to 45 days. Oh, wow. Dave: Okay. Scott: You know, for an estate trust or gift valuation. And we, you know, we don't. As part of our standard package, we don't offer it quicker than that. We can deliver sooner than that. But of course, it's going to be an additional fee if you wait till the last minute. Yeah. Dave: You're paying overtime for your team and Scott: all somebody's got to sleep less when we do this thing and somebody has to sleep less. Dave: And, and that's what they're paying for. Scott: They're paying for those hours of sleep that they missed. But, but you know, Dave, I put together for, for some of my referral partners, I put together a list of 11 or 12 questions that, that they should ask or that they should think about when they're looking for a valuation professional. And this is one of them. You know, you know, one of the questions is do you have the, do you have evaluation credentials? Some of those are easy, but you know, another question is what's your turnaround time on these things? And, and if they say, oh, it's, you know, 60 days, 90 days, we don't know. Those are all signs that either they don't know what they're doing and you know, it's a crapshoot as to how long it's going to take them or they're busy. The valuation is not really their primary line of business. Oftentimes it's happened with CPA firms. Tax, tax or audit is their primary focus. Yeah, maybe the two or three folks that do business valuation part time are slammed with tax deadlines. And so, yeah, so if you call Dave: them in late January, good luck in getting anything done before May. Scott: I have this happen all the time where clients, you know, they don't get any responsiveness during tax season because they, their CPA or you know, a well known firm here in town who may have evaluation person or two that do this stuff. They can't get to it because their primary focus is tax or audit. And even worse is when the clients have questions about evaluation that their CPA firm valuation department did and they can't get anybody to call them back because they're slammed with deadlines. So just, it's another good reason why, you know, I encourage clients or referral partners to ask about those things on the front end. You know, what's your turnaround time? And you know, do you have a guaranteed turnaround time? Do you have, do you offer audit defense if you don't, why, you know, with the big firms, with the, you know, the large regional or national firms, the reason they don't is because they don't have to. They can afford to charge you whatever they want. Dave: Sure. Scott: But you know, but attorneys should ask those questions up front when they're interviewing potential valuation professionals. Ask those questions and you know, get answers on those things beforehand so that you're not, you know, three months later waiting to get that information. Dave: And yeah, it really sounds like you really could be a great resource for estate attorneys. You know, have you ever thought about writing a book or something geared. Sorry, I should have waited for you to finish your drinking coffee. Have you ever thought about writing a book like, geared specifically toward estate planning attorneys on some things they might need to know about valuation in the estate, trust and gift valuation world? Have you even thought about it, Scott? Scott: You know, we should have done the Tonight show together. You could be Ed McMahon and I could be Johnny Carson or Vice, but. Yeah, you're kind enough to bring that up, Dave. Actually, I have just recently written a book. It's actually in print now. I just. I just yesterday, probably two or three weeks away from having copies in my hand. And the name of the book is Business Valuation A Plain English Guide for Texas Attorneys. Oh, wow. Dave: Okay. Scott: It's exactly what it sounds like. It's written in plain English. There's no technical jargon, no acronyms, no mathematical formulas or anything else. What we did was, you know, we wrote a book that. That answers the questions that attorneys have most often. Do I need evaluation? Does it need to be certified? What are the landmines I should look out for? Is there certain terms that I need to understand in order to be conversant in this? That's what we've done. We've written a book. I go around meeting attorneys on a regular basis, as we do, networking, like we all do, and meet them oftentimes in a coffee shop. I call those coffee shop conversations, where it's just a casual conversation with an attorney, and he may. He or she may bring up a. An issue, you know, a specific issue they have with a client or something, and we can just. It's just a casual conversation. And that's what I want this book to be, is I want it to be like a coffee shop conversation where we can just. We can talk about, you know, the basic questions that they need to know. They don't need to know how to do a DCF calculation or a capitalization of earnings. They don't need to worry about what multiples are or anything else they need to know. They just need to have their basic questions answered so they can advise that client properly. Do we need to get an expert involved or do we not? And that's what we've done with this book, and I'm very excited about it and looking forward to. Dave: Yeah. So by the time this episode goes live, I expect your book will be out. And, you know, it's funny, in my niche tax arena of the IC Disc. I always tell our clients and advisors because they always kind of get overwhelmed with the details and the nuances, and they're trying to make sure they remember it. And every year, the same controller has the same question year after year, and they feel bad about it because, like, Dave, I know I asked you about this last year, and I'm asking you again, and I always tell them, I say, hey, look, I deal with this 365 days a year. You deal with it one day a year. And I. And in fact, I just had this call with a client yesterday, and I said, kayla, all you need to know about the IC disc is my phone number. And I'd argue that's all the attorneys need to know. They just need Scott's phone number, because all the other pieces you can take care of. Scott: Absolutely, Absolutely. And that's, you know, that's why I wrote the book, was just to. To be able to be a simple guide, you know, for attorneys to say, what do I do next? What are the questions that I need to. That I've got, and what do I need to do next? Dave: And. Scott: And you're right. Ideally, let me worry about the details, and I can take them through those details and as much, you know, take as much time as they would like. But ultimately, usually when I deal with attorney referral partners, they're just looking for that. That basic guidance. What do we need to do here? What should I look out for? Those types of things. So it's the approach you take with your clients? Yeah. No. Dave: So even though the book is really geared toward the attorney, if you. If the attorney had a client who was, you know, like, say, an engineer, you tend to be detail oriented and is really pushing back. And they say, well, my research says I should be able to get a 70% discount on this. Now, would the book be written in simple enough terms? That attorney could give a copy to a client who's detail oriented to at least cause the client to say, okay, all right, I get it. It's more complicated than I thought. So do you think it's plain language enough for a business owner or somebody, A client of a c. Of an estate attorney? Scott: Yes. The short answer is yes, Dave. I wrote it specifically for attorneys because those are the folks that I talk to the most often, and they're the primary referral partners, the primary point of contact I have when valuation issues come up for a client. But, you know, this book, you know, it would be very helpful for attorneys, CPAs, wealth planners, or the top folks that would find this thing Interesting. And. And it really is written in simple, easy to understand terms. And it covers some of the primary reasons why they might need evaluation. Things like M and A, estate and trust, divorce, business disputes, or IP valuations. And it gives just the basic questions that they need to understand to be conversant enough to know what they need to do next. And I give some very simple but practical examples for most of the issues. Most of the questions that I answer in there, I give simple examples. Here's an example of how this works or how it worked in the past with a client so that they can quickly and easily consume the things that they need to figure out. What are the next steps here? So there. No, no CPA is going to sit down with this book and say, okay, this is going to teach me everything I need to know to do evaluation. It's not meant for those folks. There's plenty of those out there that are written by people, you know, that have every detail in it. Dave: Yeah, textbook type. Scott: Exactly. This is really meant to be just a reference guide, a place to, to guide you so that you can figure out the next steps. Dave: Okay, well, hey. Well, Scott, I think this has been your second time on the podcast. It's been even more fun the second time. As we wrap up here, is there anything I didn't ask you that you wish I had? Scott: I wish you would ask me about my dog, Buddy, my office mate here, but otherwise, I, you know, I. There's nothing that really comes to mind that I could think of, honestly. I think we had a really good discussion about these issues. And, you know, the main thing I would leave you with and your audience with is I enjoy, you know, talking about this. This is, like you said, this is what I do seven days a week. And anytime that somebody has a question about evaluation, especially the state trust and gift valuations, I'm always happy. It's easy to find my contact information on LinkedIn and I'm always happy to have a conversation and, and if I can't help, you know, the person, then I can always point them in the right direction. Happy to be a resource for you, for your clients, for anybody who's got a question. Happy to do that. Dave: And just curious, do you, like, charge for a preliminary conversation like that? Scott: We never charge until the. And unless the client decides to engage us to do the work. So all my conversations are free up front. And, and that's, you know, that's just the way that we do business is we can give you honest information and have that, that, you know, simple conversation with you up front so that you're armed with what you need to make that, well, awesome. Dave: Well, Scott, this has been a lot of fun. Best of luck in the release of your book. I'm looking forward to getting a copy of it. Scott: Thank you, Dave. It's been a pleasure to be on with you again. I appreciate the opportunity. Dave: All right. Hey, you have a great day, buddy. Scott: Thanks.Special Guest: Scott Abels.

A family court case. A senior community land fight. Drivers arrested for DUI while sober. Ryan Ralston from You Are The Power joins Good Morning Liberty with updates on cases where government power hits regular people first. In this interview, Josh Martens and Ryan Ralston discuss the Buchanan family case in Florida, DCF, medical misdiagnosis, family reunification, and how parents can end up having to prove innocence in family court. They also cover the Patterson family, new Florida legislation, the Novato senior community land dispute in California, and You Are The Power's upcoming campaign on sober DUI arrests and bad law enforcement incentives. Chapters: 00:00 Welcome Ryan Ralston back 01:00 Buchanan family case update 02:00 DCF, medical misdiagnosis, and parental rights 03:15 Judge says no abuse occurred 04:00 Private home study delays reunification 05:15 How can a private company hold this up? 08:30 Medical experts and rush to judgment 10:15 Family court and proving innocence 13:30 Patterson family and Florida legislation 18:30 Novato senior community land fight 28:15 Arrested for DUI while sober 34:15 How to support You Are The Power Links: Watch All Episodes: https://www.youtube.com/playlist?list=PLi78svKlBr_8o0dDOX8DxO_Wwxu6WYhhA Watch Host Favorites: https://www.youtube.com/playlist?list=PLi78svKlBr__Zu40RL7mWxCuOOe54zgy2 Join the Fed Haters Club @ https://www.goodmorningliberty.us/fedhatersclub [Martens Minute]: https://martensminute.podbean.com/ Support GML: joingml.com All links @ gml.bio.link Subscribe, like, comment, share, and leave a rating or review on your podcast app.

Join SP3, Miss Krssi Luv and Tru Draw Josh for an all-new edition of our flagship podcast Tru Heel Heat 384 discussing the latest wrestling news including:TIME STAMPS:0:00 SP3 becomes Nick Khan & runs down the biggest topics of the week3:19 Intro6:47 SP3, Miss Krssi Luv & Tru Draw Josh welcome you to the show / Knicks are 2 wins away from the ship & NYC is ecstatic 19:04 Kay Lee Ray returns to wrestling at EVE 150 / Trump going to be at Knicks game / Movie talk / More NBA Finals discussion / Roll Call33:42 WWE Clash In Italy recap ft. Brock Lesnar avenge his loss to Oba Femi49:25 WWE is stale right now & HHH deserves some blame for it / WWE's main event scene vs AEW's & Bloodline in 6th inning53:10 WWE SmackDown recap ft. King & Queen of the Ring continues1:01:05 SmackDown is in a really bad stretch that sucks for longtime blue brand fans / Giulia push happening or nah?1:08:01 WWE Raw on Netflix recap ft. Jacob Fatu acknowledges Roman Reigns 1:15:58 WWE reportedly view Ilja Dragunov as interchangeable midcard talent1:21:15 WWE counter-programming AEW Forbidden Door & TNA Slammiversary w/NXT Great American Bash1:26:27 Does WWE counter-programming hurt AEW or TNA more?1:36:55 Nick Khan lies about WrestleMania 40 plans never changing1:46:51 Roman Reigns plans for big matches against Oba Femi & Seth Rollins or will it be The Rock at WrestleMania 43?1:50:53 More WWE news - King of the Ring favorites & predictions, Queen of the Ring predictions, Dominik Mysterio & Liv Morgan frustration, Rhea Ripley injury, Finn Balor to SmackDown, Bayley contract update & more2:09:11 AAA Noche de Los Grandes recap ft. El Grande Americano vs OG El Grande Mask vs Mask MOTYC2:16:52 WWE NXT, Evolve & TNA IMPACT recaps / Mike Santana to WWE / Myla Grace leaves TNA2:25:58 TIK TOK TIME - Luchadors King of the Hill / Poll for the Greatest Luchador2:34:50 AEW Dynamite & Collision recaps ft. Mercedes Monè's return & Kevin Knight joins Don Callis Family2:42:24 Kevin Knight joining DCF is lazy & uninspired / More Dynamite thoughts / Krssi Luv outro2:52:35 Mercedes Monè is back & what it means for the AEW women's division as well as Owen Hart Cup3:02:34 MJF may be injured? / Mick Foley one more match in AEW?3:13:17 More AEW news - Butcher & Blade exit AEW, TBS Title Survival of the Fittest, Grand Slam Mexico & All In London ticket update3:22:11 NJPW Best of Super Juniors 33 Days 11-13 / BOSJ Final predictions3:27:59 ROH TV, CMLL Martes Populares & Super Viernes recaps ft. return of Mistico / Mysterio vs Santo poll results3:32:35 Best, Worst, Moments & Matches of the Week / May match of the month / Put some respect on Santo's name3:40:58 Outro / Harlem run-inLike, share, comment and subscribe to support! #WWE #AEW #NJPW #AAA #CMLL #WWEClash #AAANocheDeLosGrandes #WWENXT #NXTGAB #ForbiddenDoor #NickKhan #WrestleMania #MercedesMonè #BOSJ33 Welcome to the Tru Heel Heat Wrestling YouTube channel where we cover  the sport of professional wrestling including all WWE TV shows (Raw,  Smackdown, & NXT), AEW Dynamite/Dark, IMPACT Wrestling, NJPW, ROH,  Dark Side of the Ring and more. Our weekly podcast hosted by SP3, Top  Guy JJ & Miss Krssi Luv breaking down the weekly wrestling news and  present unfiltered, honest thoughts and opinions for wrestling fans by  wrestling fans, drops every Saturday. We also include PPV reviews,  countdowns, and exclusive interviews with wrestlers from all promotions  hosted by a wide range of personalities such as Romeo, Chris G, Ness,  StatKing, Drunk Guy JJ, J-News and more. Subscribe and enable ALL  notifications to stay posted for the latest wrestling WWE news,  highlights, commentary, updates and more.Become a member of Tru Heels Facebook community: www.facebook.com/groups/1336177103130224/Subscribe to Tru Heel Heat on YouTube: www.youtube.com/channel/UC0AmFQmsRyQYPKyRm5hDwNgFollow Tru Heels on Twitter: twitter.com/truheelheatFollow Tru Heels on Instagram: www.instagram.com/truheelheat/

On this week's episode, Cyrus and Quan review Clash in Italy, Kevin Knight joining the DCF, and Kam Hendrix v. Tony D'Angelo.Subscribe on Patreon: https://patreon.com/theashowrncFollow our socials: https://linktr.ee/theashowrncFollow on X: The A Show account (@TheAShowRNC) Cyrus (@CyrusOnTWR) Quan (@AshowQuan)

Join SP3 and Jimmy Macram for an all-new AEWramble reviewing the 6/3/26 edition of AEW Dynamite ft. MJF vs RUSH for the AEW World Title & Kevin Knight vs Speedball Mike Bailey for the TNT Title.TIME STAMPS:0:00 Intro3:14 SP4 & Jimmy welcome you to the show9:42 CEO is back / Jimmy on El Grande Americano Mask vs Mask / SP3 takes victory lap on Thekla / Nemesis / Meltzer loves Kendal Grey14:53 Jimmy on Brock Lesnar beating Oba Femi 19:48 Nick Khan lies about WrestleMania 40 never changing / When is Brock vs Oba III happening?Show recap:27:22 RUSH pre-match promo & brawl w/MJF / Andrade gives RUSH a pep talk / MJF kicking off to avoid NBA Finals / Omega top ratings draw31:22 MJF vs RUSH (AEW World Title No Countouts Match) / Mark Briscoe makes save post match41:07 Mark Briscoe vs Blackheart Lio Rush / Briscoe passionate promo / Harlem runs in / Breakup of JetSpeed vignette51:36 Thekla & Triangle of Madness send a message to STARDOM ahead of Forbidden Door / Jon Moxley pep talk to Will Ospreay backstage1:02:52 Andrade El Idolo vs DK Vandu / Andrade sends message to MJF / Don Callis introduces Kevin Knight as new DCF member1:05:01 Breaking down Knight joining Don Callis Family & why it doesn't make sense or work1:17:23 Wrestlers we thought were great in our head, but really weren't / Issues w/The Judgment Day / LA Knight comments on current push1:29:20 "The Jet" Kevin Knight vs Speedball Mike Bailey (AEW TNT Championship) / Knight sends message to MJF / Santana to WWE1:39:55 Jimmy shoots on Swerve Strickland again / do Swerve & MJF have issues? / Ranking pro wrestlers on 2K rating scale1:45:30 Jimmy & SP3's favorite NBA role or bench players? / More wrestler ratings / The Dogs & Young Bucks backstage segment1:51:24 MJF answers Mark Briscoe's challenge for AEW World Title backstage1:54:59 Mercedes Monè returns vs Alex Windsor (Owen Hart Foundation Women's Tournament Quarterfinals)2:01:59 Jimmy praises Rhea Ripley & SmackDown women's division / Liv Morgan & Dirty Dom booking is abysmal in comparison on Raw2:04:10 Possible reason why Athena will not win the Owen Hart Cup / more on Dominik Mysterio bad booking / Push Chad Gable2:07:44 Jon Moxley & Bryan Danielson AEW ratings draws / Divine Dominion vs TayJay vignette / Okada & Callis backstage / Ciampa promo2:12:15 Will Ospreay vs Mark Davis (Owen Hart Foundation Men's Tournament Quarterfinals)2:22:45 Ratings for the show2:26:55 OutroLike, share, superchat and subscribe to support! #AEWDynamite #AEW #OwenHartCup #MJF #RUSH #KevinKnight #SpeedballMikeBailey #WillOspreay #MarkDavis #AlexWindsor #WildCard #MercedesMonè Welcome to the Tru Heel Heat Wrestling YouTube channel where we cover  the sport of professional wrestling including all WWE TV shows (Raw,  Smackdown, & NXT), AEW Dynamite/Dark, IMPACT Wrestling, NJPW, ROH,  Dark Side of the Ring and more. Our weekly podcast hosted by SP3, Top  Guy JJ & Miss Krssi Luv breaking down the weekly wrestling news and  present unfiltered, honest thoughts and opinions for wrestling fans by  wrestling fans, drops every Saturday. We also include PPV reviews,  countdowns, and exclusive interviews with wrestlers from all promotions  hosted by a wide range of personalities such as Romeo, Chris G, Ness,  StatKing, Drunk Guy JJ, J-News and more. Subscribe and enable ALL  notifications to stay posted for the latest wrestling WWE news,  highlights, commentary, updates and more.Become a member of Tru Heels Facebook community: www.facebook.com/groups/1336177103130224/Subscribe to Tru Heel Heat on YouTube: www.youtube.com/channel/UC0AmFQmsRyQYPKyRm5hDwNgFollow Tru Heels on Twitter: twitter.com/truheelheatFollow Tru Heels on Instagram: www.instagram.com/truheelheat/Music composed by JPM

Today on Steel News, Ann Vandersteel is joined by Arizona court watcher and disability-rights advocate Malinda Sherwyn for a critical investigation into the machinery of America's family courts.Using the Geovanna Holton case out of Pima County, Arizona as an illustrative example, this episode examines allegations of denied due process, coerced psychotropic drugging, ADA accommodation violations, denial of kinship placement, and the devastating consequences of court-ordered treatment when parents are labeled “incompetent,” “unstable,” “noncompliant,” or “a danger to themselves or others.”This is not just one family's story. This is a window into a much larger system involving juvenile courts, CPS, DCF, guardianship courts, court-appointed professionals, NGOs, medical contractors, psychiatric evaluators, foster-care networks, adoption pipelines, and government-funded actors who may profit when families are separated.The question today:Is the family court system broken — or is it operating exactly as designed?

This episode is a fast-moving walkthrough of the cases and pitfalls that most often drive IRS attention. In a candid, practitioner-to-practitioner conversation, Dave, Natalya and Bruce break down what's changing, what's repeating, and what valuation pros can do now to reduce risk and improve defensibility. You'll hear what Pierce v. Commissioner suggests about when a DCF can stand alone, why tax affecting still needs to be done "the right way," and how weak support for DLOM (and increasingly DLOC) can undermine an otherwise solid conclusion. Actionable takeaway: tighten your work where challenges concentrate: discounts, tax affecting, projections, and documentation. And if you use AI for research or drafting, verify sources like your job depends on it—because it does.  Continue reading to learn about key resources available to improve your valuation analyses. Guests:    Natalya Abdrasilova, CPA/ABV, MAFF, Director of Valuation & Litigation Services, Boyle, Deveny & Meyer  Bruce C. Wood, CPA/ABV, Mtx, Director, Applied Economics Host: David J Consigli, CPA/ABV, CDFA, Partner, SAX Advisory Group Thanks for listening. It takes just a couple of minutes to share your feedback. You can also contact us directly at podcast@aicpa-cima.com RESOURCES FOR FURTHER EXPLORATION If you're using a podcast app that does not hyperlink to the resources, please visit our podcast platform to access the show notes with direct links.  2026 Forensic and Valuation Services Conference - Beyond the technical sessions, conferences can offer something just as important—the opportunity to connect with peers, share experiences, and hear how others are approaching similar challenges in their work.  Early bird savings through Sept 20 plus additional savings for AICPA members and ABV/CFF/CVFI holders JOIN:  The FVS Engage365 Member Community to collaborate with fellow AICPA® members, exchange ideas, and shape the future of the profession together. EARLY CAREER GUIDANCE:  Welcome to a career in forensic and valuation services Click here to join the AICPA FVS Section An active community of FVS peers. You will get 16 credits of complimentary CPE and access to exclusivetechnical content FVS Valuation Podcast archives - Check out what we have to offer Making a Case for Using the Market Approach for Determining Fair Market Value Insights for Navigating Common Issues in Business Valuation - 2025 update Grabowski's Take - Discount Rates, Risk, and the Future of Valuation LEARN MORE ABOUT THE FOLLOWING AICPA CREDENTIALS: Accredited in Business Valuation (ABV®) – Visit the home page and check out the ABV infographic Certified in the Valuation of Financial Instruments (CVFI®) – Visit the home page and check out the CVFI infographic Certified in Financial Forensics (CFF®) - Visit the home page and check out the CFF infographic This is a podcast from AICPA & CIMA, together as the Association of International Certified Professional Accountants. To enjoy more conversations from our global community of accounting and finance professionals, explore our network of free shows here. Your feedback and comments are welcomed at podcast@aicpa-cima.com      

This episode is a fast-moving walkthrough of the cases and pitfalls that most often drive IRS attention. In a candid, practitioner-to-practitioner conversation, Dave, Natalya and Bruce break down what's changing, what's repeating, and what valuation pros can do now to reduce risk and improve defensibility. You'll hear what Pierce v. Commissioner suggests about when a DCF can stand alone, why tax affecting still needs to be done "the right way," and how weak support for DLOM (and increasingly DLOC) can undermine an otherwise solid conclusion. Actionable takeaway: tighten your work where challenges concentrate: discounts, tax affecting, projections, and documentation. And if you use AI for research or drafting, verify sources like your job depends on it—because it does.  Continue reading to learn about key resources available to improve your valuation analyses. Guests:    Natalya Abdrasilova, CPA/ABV, MAFF, Director of Valuation & Litigation Services, Boyle, Deveny & Meyer  Bruce C. Wood, CPA/ABV, Mtx, Director, Applied Economics Host: David J Consigli, CPA/ABV, CDFA, Partner, SAX Advisory Group Thanks for listening. It takes just a couple of minutes to share your feedback. You can also contact us directly at podcast@aicpa-cima.com RESOURCES FOR FURTHER EXPLORATION If you're using a podcast app that does not hyperlink to the resources, please visit our podcast platform to access the show notes with direct links.  2026 Forensic and Valuation Services Conference - Beyond the technical sessions, conferences can offer something just as important—the opportunity to connect with peers, share experiences, and hear how others are approaching similar challenges in their work.  Early bird savings through Sept 20 plus additional savings for AICPA members and ABV/CFF/CVFI holders JOIN:  The FVS Engage365 Member Community to collaborate with fellow AICPA® members, exchange ideas, and shape the future of the profession together. EARLY CAREER GUIDANCE:  Welcome to a career in forensic and valuation services Click here to join the AICPA FVS Section An active community of FVS peers. You will get 16 credits of complimentary CPE and access to exclusivetechnical content FVS Valuation Podcast archives - Check out what we have to offer Making a Case for Using the Market Approach for Determining Fair Market Value Insights for Navigating Common Issues in Business Valuation - 2025 update Grabowski's Take - Discount Rates, Risk, and the Future of Valuation LEARN MORE ABOUT THE FOLLOWING AICPA CREDENTIALS: Accredited in Business Valuation (ABV®) – Visit the home page and check out the ABV infographic Certified in the Valuation of Financial Instruments (CVFI®) – Visit the home page and check out the CVFI infographic Certified in Financial Forensics (CFF®) - Visit the home page and check out the CFF infographic This is a podcast from AICPA & CIMA, together as the Association of International Certified Professional Accountants. To enjoy more conversations from our global community of accounting and finance professionals, explore our network of free shows here. Your feedback and comments are welcomed at podcast@aicpa-cima.com      

Hur ska man värdera bolag i allmänhet, och i synnerhet i AI-eran? En konflikt uppstår i poddstudion, där ena hörnet går på kassaflödesanalyser, och det andra på marknadsstorlek och potential. Samtalet börjar i Anthropics rekordvärdering på 965 miljarder dollar, rör sig igenom DCF-analysens styrkor och brister, Spotifys pivot till lönsahet, Plejds resa och varför fondförvaltare sällan slår index – och landar i den stora frågan: hur positionerar man sig som investerare när AI-dimman gör det svårare än någonsin att se mer än tre år framåt? I veckans avsnitt medverkar: Jacob BursellHampus BrodénViktor FritzénLars Jörnow TIDSSTÄMPLAR 00:00 Intro: Anthropic värderas till 965 miljarder dollar – nu mer värt än OpenAI. 00:02 Varför Anthropic vinner: enterprise-fokus, kodmodeller och kommersiell disciplin 00:06 Opus 4.8 vs ChatGPT 5.5 – benchmark vs användarupplevelse 00:08 Att göra DCF-analys med AI: från en veckas arbete till några minuter 00:10 Lars investeringsfilosofi: VC-tankesätt på börsen, sex koncentrerade innehav 00:14 Spotify som case study: unit economics, earnings power och timingrisken 00:18 DCF förklarat: nuvärde, terminalvärde och varför de flesta antaganden är gissningar 00:24 ROIC, cost of equity och vad som verkligen skapar aktieägarvärde 00:26 Plejd – varför Lars äger den och varför småbolagsfonder missat den 00:28 Traumat från IT-bubblan 2000 och vad det gör med en analytiker 00:30 Marknadseffektivitet: Goldman Sachs-anekdoten och Roger Federer-parallellen 00:32 Spiva-rapporten: varför fondförvaltare sällan slår index – och varför de som gör det inte upprepar det 00:34 Greenblatt's Magic Formula 00:38 Peter Lynch: investera i det du känner till 00:40 GoPro och Zoom – tillväxt utan försvarbar position 00:42 Köp-vad-du-använder-strategin: Apple, Spotify och när man ska sälja 00:46 AI-fog: varför det är svårare än någonsin att investera med lång horisont 00:50 Bolag som Loveable – tillväxttakt som tidigare var omöjlig 00:58 Frontier models som cornered resource – värde sugs in i tre bolag 01:02 Google äger del av Anthropic, Amazon likaså – infrastruktur vinner oavsett 01:04 Alphabets värdering: inte dyr när man räknar in tillväxttakten 01:08 Är det en värderingsbubbla eller en vinstbubbla? 01:10 Halvledarsupercykeln – "this time is different" eller klassisk cyklikalitet? 01:14 Det dystopiska vs det utopiska AI-scenariot 01:16 Sverige som energileverantör åt utländska datacenter 01:18 Hur man positionerar sig: S&P 500, Indien, Latinamerika, datadrivna bolag 01:20 Garmin som outnyttjat guldberg – och megakonglomeratens era OM PODDEN Marknaden är en podd om börs, ekonomi och finans. Vi som gör den är Hampus Brodén, Johan Isaksson, Petter Hjerstedt, Viktor Fritzén, Lars Jörnow och Jacob Bursell. Följ oss på X: https://x.com/marknadspodden Hör av er till oss på jacob@monopolmedia.se #marknadspodden #ekonomi #investeringar #DCF #AI #Anthropic #Plejd #Spotify #aktier #värdeinvestering #halvledare #AIinvesteringar

Amphenol (APH) just reported Q1 2026 earnings and the stock sold off — but the revenue numbers tell a different story. In this episode, Kasey and Nick break down every segment of Amphenol's business and ask whether this "boring" semiconductor supply chain stock is one of the better values in AI infrastructure right now.Amphenol is one of the world's largest manufacturers of electrical connectors, cables, antennas, and sensors. It operates across 350 facilities worldwide and sits at the intersection of AI data centers, aerospace and defense, automotive, industrial automation, and satellite communications. It doesn't make a flashy end product — but nearly every major AI infrastructure build runs through Amphenol components.In this episode we cover:— IT DataCom: now 41% of Amphenol's total revenue and nearly doubling year over year as AI data center demand drives cable and connector spending— Industrial: 20% of revenue, up 16% organically, led by building connectivity and automation sensors— Communications networks: 91% as-reported growth boosted by the CommScope acquisition, but flat organically — broadband infrastructure spending has softened— Defense: up 44% year over year, with high single digit growth expected to continue— Automotive: soft in Asia, down 7% sequentially, modest recovery expected in Q2— Commercial air and mobile devices: small segments, largely holding steadyWe also dig into why earnings per share is growing slightly slower than revenue despite strong AI data center demand — and the answer comes down to the CommScope acquisition. CommScope's margins are lower than Amphenol's existing business, integration takes time, and the long-term debt load is now visible on the balance sheet. None of this is unusual for a major acquisition, but it explains the market's reaction.We close with a reverse DCF scenario using a five-year average growth rate of 22% and a 4% terminal growth rate — and discuss what that implies about fair value for APH stock as of May 2026.If you're researching semiconductor stocks, AI infrastructure investing, or picks-and-shovels plays in the data center buildout, this is an episode worth your time.More research and stock tools at chipstockinvestor.com — and join Semi Insider for deeper analysis.

Nvidia just reported Q1 fiscal year 2027. The numbers are extraordinary even by Nvidia's own standards. Free cash flow of $49 billion. A nearly 60% free cash flow margin. Revenue guidance implying over $300 billion for calendar year 2026, with some estimates suggesting $400 billion is possible. Next quarter alone: $91 billion in guided revenue. Vera Rubin is beginning to ship and is expected to generate $20 billion in its first six months.And then Jensen Huang said something on the earnings call that almost nobody covered.Nvidia plans to become the world's largest CPU supplier in 2026.That single claim has profound implications — for Intel, for AMD, for every investor tracking the CPU market, and for the semiconductor supply chain at large. CSI called this out as a remote possibility during their CPU market share update just weeks earlier. Now it is a public commitment from Jensen Huang himself.CSI works through the full picture in this episode. They cover Nvidia's new revenue reporting framework — the shift from a single data center segment to two sub-markets. Hyperscale covers the five major cloud providers: Amazon, Microsoft, Alphabet, Meta, and Oracle. ACIE covers AI clouds, industrial, enterprise, and sovereign data centers. This segmentation matters enormously because 80% of global IT spending is still on legacy systems. The enterprise migration to AI infrastructure is just beginning to happen at scale, and for the first time investors have direct visibility into it through Nvidia's own reporting.They also run the reverse DCF at $223 per share. The result: 20% free cash flow per share growth over five years at a 6% terminal rate gets you to today's price. That is not historically cheap for Nvidia. But it is the lowest bar the company has had to clear in years — and given that EPS grew 214% and FCF per share grew 88% in Q1 alone, clearing that bar looks more feasible than it sounds.CSI's updated position: Nvidia remains their largest personal holding. The updated baseline assumption is 50% stock price growth for 2026, revised upward from 40%. Not a prediction. A framework for thinking about what the business needs to deliver to justify current prices.What we cover:— Nvidia Q1 FY2027: $49B FCF, 60% FCF margin, EPS +214% YoY— Revenue outlook: $300B+ in 2026, $91B guided next quarter— Vera Rubin: $20B in sales expected in first six months— New reporting framework: hyperscale vs. ACIE and why it matters— The enterprise migration — 80% of global IT still on legacy systems— Jensen's CPU claim: Nvidia to be world's largest CPU supplier in 2026— Reverse DCF at $223: 20% FCF/share growth, 6% terminal rate— Why Nvidia has looked "boring" while small caps ran hundreds of percent— Updated CSI baseline: 50% stock price target revised upwardSemi Insider members get access to CSI's full DCF and reverse DCF tools, live Q&A sessions, and analysis like this as it happens. Join at chipstockinvestor.comDisclosure: Nick and Kasey have a position in Nvidia. This content is for general information only and is not individual investment advice. All investing involves risk.chipstockinvestor.com

Simon Erickson digs into Rocket Lab's (NASDAQ:RKLB) Q1 2026 earnings with a record revenues of $200 million (up 63% year-over-year), $2.2 billion contractual backlog, record gross margins, and an undisclosed customer signing on for five Neutron rocket launches through 2029. 7investing first recommended Rocket Lab at $10 in August 2021, added again at $4 in early 2024 when Simon published a public valuation of $22/share — and the stock now trades at $121. That's a 30x return in two years.But the big question now: is Rocket Lab still a buy at current prices? Simon breaks down his ninth iteration discounted cash flow model, explains why 75% of Rocket Lab's backlog is in the Space Systems manufacturing division (not launches), and why he expects Space Systems to eventually represent 70-90% of total company revenues. He also covers the Neutron rocket timeline (now expected late 2026), the HASTE hypersonic program, Golden Dome defense contracts, and the new European expansion through the Mynaric acquisition.This is Part 1 of a multi-part series — Part 2 will feature a full updated DCF valuation model with Simon's new price target. Plus, Simon will be presenting at the MoneyShow Masters Symposium in Dallas. Subscribe so you don't miss the next episode.

Data limitations and federal laws prevented us from evaluating the accuracy of TANF benefit payments. The federal government does not require states to assess the accuracy of their TANF benefit payments. DCF has an employee performance review process that includes reviewing TANF payments for process and accuracy errors. However, the data DCF provided to us from that process is not sufficient or reliable for determining the department's accuracy in making TANF benefit payments. Federal law prohibits us from looking at the application data that would allow us to assess the accuracy of TANF benefit payments.

Almost nothing in semiconductor land is cheap right now. First Solar might be the exception — and that is worth paying attention to, even if you have never thought of a solar panel manufacturer as a chip stock.First Solar trades at 12.7x forward earnings and 12.7x forward free cash flow. It carries over $2.4 billion in cash with almost no debt. It just reported record Q1 2026 revenue of just over $1 billion, up 24% year over year, with expanding profit margins. It manufactures domestically in five US facilities — a sixth is under construction in South Carolina. It benefits from Inflation Reduction Act tax credits through 2029. And it has just launched a new manufacturing process called CuRe — copper replacement — that increases panel lifetime energy yield by up to 8% and extends panel lifespan.Everything checks out. Until you look at the guidance and the backlog.Full year 2026 revenue is expected to come in flat to slightly down versus 2025. The order backlog, which peaked above 70 gigawatts in 2023, has now declined to under 48 gigawatts. First Solar is working through existing orders faster than it is winning new ones. A sizable cancellation from customer LightSource BP in 2024 and 2025 accelerated that decline. These are the hallmarks of a value trap — a stock that looks cheap because the future earning power is genuinely uncertain, not because the market has mispriced it.The potential inflection point is a pending Section 232 investigation into whether crystalline silicon solar panel imports — primarily from China, where state-subsidized price dumping has been a recurring competitive tactic — constitute a national security risk. If the ruling lands in Q2 2026 and tariff protections follow, First Solar's order book could refill rapidly. If it does not, the backlog decline continues and the cheap valuation has every reason to stay cheap.CSI walks through the full picture: the thin-film cadmium telluride technology edge, the CuRe manufacturing upgrade, the domestic supply chain advantage, the backlog reality, and a reverse DCF that shows the bar First Solar needs to clear is genuinely low — only 7% annual profit growth over five years with a 0% terminal rate gets you to today's price. The conclusion is honest: mildly interested, but the hallmarks of a value trap are present. Patience is the strategy.What we cover:— Why a solar company qualifies as a chip stock — and where First Solar fits in the supply chain— First Solar Q1 2026: $1B+ revenue, record margins, $2.4B cash, minimal debt— Thin-film cadmium telluride vs. crystalline silicon — the technology difference that matters— The CURE manufacturing process: launching now in Ohio, targeted across all facilities— Domestic US manufacturing as a competitive and geopolitical advantage— The guidance problem: flat to down revenue in 2026— The backlog decline: from 70GW in 2023 to under 48GW and still falling— Section 232 tariff investigation — the binary catalyst expected Q2 2026— Reverse DCF: 12.7x earnings, 7% growth, 0% terminal rate— CSI verdict: mildly interested, but patient — the value trap signs are realDisclosure: Nick and Kasey do not currently hold First Solar. This content is for general information only and is not individual investment advice. All investing involves risk.chipstockinvestor.com

In the aftermath of the 2026 legislative session, we are focusing on what did and did not make it to the finish line and the impact the session will have on our state. It's no secret, we have some major issues when it comes to protecting all children in Connecticut, specifically regarding DCF oversight. We spoke with Senator Cece Maher from Wilton, who co-chairs the legislature's Committee on Children, to get more details about the bill waiting for the governor's signature.

Michael Green, Chief Strategist and Portfolio Manager for Simplify Asset Management, joins Julia La Roche on episode 366 to break down what he calls the most important and overlooked structural shift in financial history — the rise of passive investing. Green argues that the market isn't broken in the way most people think: it's not fraud or irrational exuberance, it's the mechanical consequence of a regulatory change in 2006 that turned 401k contributions into an automatic, valuation-blind buying machine. With passive now at 55% of the market — and rising 4% per year — Green shares new research showing that somewhere between 65% and 80%, a 1987-style crash stops being a possibility and becomes nearly inevitable. He also connects the dots between our retirement system, the housing crisis, and why both boomers and millennials are scared — just for completely different reasons.Links:Follow Mike on X: https://twitter.com/profplum99Read Mike's Substack: https://www.yesigiveafig.com/Visit Simplify: https://www.simplify.us/Timestamps00:00 Intro and welcome Mike Green1:04 - What "broken markets" actually means today 2:40 - The Costanza market and how Mike's research began 6:21 - Passive went from 2% to 55% of the market since 1992 7:05 - Why passive investing is just momentum with no valuation filter 9:45 - The 2006 Pension Protection Act — the legislation nobody talks about 10:13 - Why Vanguard and Bogle aren't the ones to blame 10:19 - The book: The Greatest Story Ever Sold 10:39 - The academic paper that forced Mike to rewrite the book 13:59 - Type A vs Type B savers — and the snow cone moment 14:35 - Prices don't move because of information. They move because of flows. 15:08 - The threshold: 65–80% passive and the market becomes unstable16:07 - Why the coming crash could be worse than 1987 19:37 - The XIV collapse — and what it taught Mike about predicting crashes 22:00 - Is there a disconnect between markets and the economy right now? 22:19 - Nvidia's margins, vendor financing, and the Cisco parallel 24:10 - The S&P could be worth less than 2,000 on a pure DCF basis 25:29 - Pushing back on the "we've never been better off" narrative 27:21 - The valley of death and the precarity line 28:36 - Why demographics are at the center of everything 29:29 - Why boomers are terrified too — and why that matters for younger people 31:14 - The housing trap: boomers won't sell, millennials can't buy 34:21 - What does all this say about the social fabric? 35:18 - "Tax wealth, not work" — the tax code we had in the 1950s 36:41 - Why a wealth tax is actually the wrong solution 38:11 - Wrap up

Westfair Communications held an awards ceremony on April 20th, 2026 to honor Fairfield County's 2026 40 Under Forty Honorees, a distinguished group of young professionals recognized for their exceptional dedication and leadership across Fairfield County. More than just an accolade, this program serves as a powerful platform to celebrate high-caliber individuals who embody grit and a bold commitment to redefining success. By showcasing those who achieve remarkable industry milestones and inspire others with innovative ideas, the honor significantly enhances professional visibility and opens doors to future opportunities. The evening celebrated the passion and innovation of those daring enough to make a lasting impact on our community and the regional business landscape.Fairfield County Talk Radio was there to capture the excitement. Symphony Paris, anchor Fox 61-Hartford, Hartford spoke with host Joan Franzino. Symphony was there supporting her husband, Corey Paris, State Representative & Chief Impact Officer at Person to Person. She discussed her husband's dual commitment to legislative advocacy and grassroots social service. She highlighted his efforts to address food and housing insecurity through "Person to Person" and his legislative work regarding DCF reforms. 

Apparently, there is a child welfare reform bill now in the hands of the state Senate. House Bill 5004 passed the House with bipartisan support. It aims to increase oversight and accountability within DCF, following a series of high-profile cases that raised concerns in the past year. We spoke with Acting Child Advocate, Christina Ghio, about a recent suicide case with ties to DCF and what this new reform bill could effectively do to help the agency.

In this month's Junior Mining Insights discussion, Bill Powers and Brian Leni bring back the ‘Shady, Scam or Strategic?' segment. Three recent questionable actions by CEOs and directors in the junior mining sector are discussed. The duo also shares firsthand experiences with lying CEOs and scumbag directors. The episode concludes with chat about developers and the DCF dilemma?! 00:00 Intro 0:53 Shady CEO? 5:26 BCSC scam? 8:08 Lying CEO? 10:26 Mistaken Trust! 14:55 Dirty Director? 20:02 Scamming Execs? 26:30 Shady Projections? 29:11 Stealing CEO? 35:40 DCF Dilemma! Press Releases discussed: https://www.bcsc.bc.ca/about/media-room/news-releases/2026/23-ceo-pays-bcsc-25000-for-late-insider-reports https://www.emeritaresources.com/news-and-media/news-releases/emerita-resources-corp-discloses-osc-application-for-enforcement-proceeding-regarding-historical-matters https://canexmetals.ca/site/assets/files/5359/gold_basin_nr_26-3_termination_of_charles_straw_final.pdf Brian's website: https://www.juniorstockreview.com/ Brian's YT: https://www.youtube.com/@FIELD_NOTES Bill's Twitter: https://x.com/MiningStockEdu Sign up for our free newsletter and receive interview transcripts, stock profiles and investment ideas: http://eepurl.com/cHxJ39 Bill and Brian and not licensed financial advisors. Mining Stock Education offers informational content based on available data but it does not constitute investment, tax, or legal advice. It may not be appropriate for all situations or objectives. Readers and listeners should seek professional advice, make independent investigations and assessments before investing. MSE does not guarantee the accuracy or completeness of its content and should not be solely relied upon for investment decisions. MSE and its owner may hold financial interests in the companies discussed and can trade such securities without notice. MSE is biased towards its advertising sponsors which make this platform possible. MSE is not liable for representations, warranties, or omissions in its content. By accessing MSE content, users agree that MSE and its affiliates bear no liability related to the information provided or the investment decisions you make. Full disclaimer: https://www.miningstockeducation.com/disclaimer/

Two years ago, Nick called out GE Vernova when the profit margin was still near zero and the company had just been spun off from GE. The thesis was straightforward: free of the conglomerate, management could finally allocate capital productively, margins would expand, and the company would be perfectly positioned for the AI-driven build-out of the electric grid and data center power infrastructure.That thesis has now fully played out. GE Vernova just reported Q1 2026 earnings — nearly $5 billion in free cash flow, raised revenue guidance to $44.5–45.5 billion, higher EBITDA and FCF margins, and an essentially debt-free balance sheet even after completing the Prolec acquisition in February.In this excerpt from a Semi Insider live research session, Nick breaks down every number that matters: what drove the free cash flow surge, how to correctly read the Prolec accounting effects, why the unregulated data center power market is GEV's most important growth driver right now, and what the reverse DCF at current prices is actually telling investors. Not cheap. Not absurd. Closer to fair value than the deep discount it represented two years ago — but still a compelling hold if you already own it.Nick also tackles the macro question head-on: is power really the bottleneck for the AI data center build-out? Jensen Huang said yes on the Dwarkesh podcast. Nick said essentially the same thing last November. The regulatory environment for utility companies, the unregulated opportunity in dedicated data center power generation, and the timeline reality of building power plants and expanding grids all factor into the answer.What we cover:— GEV Q1 2026: orders, backlog, revenue, and EBITDA all significantly up year over year— Free cash flow of ~$5B — separating the Prolec accounting effect from the underlying business— The Prolec acquisition: what GEV inherited and what it means for the balance sheet— 2026 guidance raised: $44.5–45.5B revenue, higher margins across the board— The unregulated data center power opportunity — why this changes GEV's growth profile— Wind power: offshore still stalled, onshore orders starting to recover— Reverse DCF at ~$1,100/share: 12% growth — our current verdict on valuation— The Axon Enterprise connection and what the reindustrialization thesis really looks likeThis is an excerpt from our Semi Insider live research session. Members get the full analysis, extended valuation discussion, and live Q&A on GEV and the rest of the energy infrastructure stack. Join at chipstockinvestor.comDisclosure: Nick and Kasey are GE Vernova shareholders. This content is for general information only and is not individual investment advice. All investing involves risk.chipstockinvestor.com

The Courant's Livi Stanford joins us to discuss DCF and the questions they need to answer about the tragedies that have happened to some CT Children.

House Bill 5468 impacting homeschooling families in Connecticut passed the House and is now headed to the Senate for a vote. Despite some changes to the bill, many still feel this is a direct attack on homeschooling families and a pass for DCF overhaul. We spoke with Senator Jason Perillo, ranking senator for the Committee on Children, about the bill.Image Credit: Dee Ortiz

Amazon just agreed to acquire Globalstar for somewhere between $11 and $12 billion. The catch: Globalstar did $273 million in revenue last year and has never been consistently profitable. So what exactly is Amazon buying — and why now?In this episode, Nick and Kasey work through the full strategic logic behind the deal, explain what Amazon Leo actually is, and then reveal the small-cap satellite manufacturer sitting directly in the supply chain that some investors haven't found yet.The short answer on why Amazon wants Globalstar: spectrum rights, an existing customer base that includes Apple's emergency SOS service, and a head start on the infrastructure needed to compete with SpaceX's Starlink. Amazon has been building toward this under the name Project Kuiper for years. The rebrand to Leo, the timing of Andy Jassy's shareholder letter, and now the Globalstar acquisition all point to the same direction — Amazon is serious about becoming a broadband internet provider, and broadband internet feeds every other part of the Amazon flywheel.The more interesting angle for investors is further down the supply chain. MDA Space, a Canadian satellite manufacturer, holds a $4 billion Canadian dollar backlog — and a significant portion of it is tied directly to building Globalstar's next-generation satellite constellation. The Amazon acquisition just confirmed that contract stays in force. For a company generating $1.6–1.7 billion in annual revenue, that backlog represents years of visibility, and the stock reacted accordingly when the deal was announced.Nick and Kasey walk through MDA's revenue growth trajectory, customer concentration risks, and a reverse DCF analysis that pegged fair value around $33 per share at the time of recording.What we cover:— The Globalstar deal: what Amazon is actually buying and why the price makes sense— Amazon Leo's performance specs and its early enterprise customers: Delta, AT&T, Vodafone, and others— How satellite internet feeds the Amazon flywheel: more broadband, more Prime, more AWS— SpaceX, EchoStar, and why Amazon moved when it did— MDA Space: the satellite builder in the supply chain, their backlog, and valuation— Blue Origin and the launch services picture as Amazon consolidates— A reverse DCF on MDA Space using fiscal.ai dataSponsored by fiscal.ai — get 15% off any paid plan at fiscal.ai/csiDisclosure: Nick and Kasey are Amazon shareholders. This content is for general information only and is not individual investment advice. All investing involves risk.chipstockinvestor.com

Ethereum may be one of the most underappreciated assets. In this conversation, Michael McGuiness and Vivek Raman lay out the case for ETH as “productive money”, a monetary asset with the store-of-value properties of gold and Bitcoin, plus the ability to compound through network activity. We unpack the $250K ETH thesis, why traditional DCF models miss the bigger picture, and why Ethereum's role as the settlement layer for a tokenized economy could unlock massive monetary premium. ------

ASML just raised guidance at both ends — new range is €36 to €40 billion for 2026, implying around 17% growth year over year. That's a strong result. But the data underneath it tells a more complicated story.In this episode, we break down what ASML's Q1 2026 earnings mean for the broader wafer fab equipment cycle, why ASML is expected to slightly underperform the 300mm equipment market this year, and what the semi.org outlook through 2028 is quietly flagging about the next mid-cycle slowdown.We also run a reverse DCF on ASML at current prices — and walk through why the implied earnings growth rate needed to justify today's stock price should give investors pause.This is not a sell call. It's a reality check on expectations in a market that has gone hardware-crazy and forgotten that cycles — including this one — don't last forever.Topics covered:- ASML Q1 2026 earnings and raised guidance- Semi.org wafer fab equipment outlook through 2028- 300mm fab market: $133B, 18% growth- Advanced packaging and where ASML fits in- Reverse DCF walkthrough: the 43% EPS growth problem- Mid-cycle slowdown probability and what to watchDisclosure: Nick and Kasey hold ASML. Content is for general information only and is not individual investment advice. All investing involves risk.Subscribe to the free weekly newsletter at chipstockinvestor.comWant deeper research and live discussion? Join our Semi Insider community at chipstockinvestor.com.

Veeva Systems has been hammered by the AI-driven software selloff — but when you look past the stock chart, the fundamentals tell a completely different story. Zero debt, over $6 billion in cash, $1.4 billion in free cash flow, and a reverse DCF suggesting the market is pricing in only 5% growth. That seems like a very easy hurdle for Veeva to clear.In this episode, Kasey breaks down why Veeva is far more than a boring CRM company. Built specifically for the biopharma and life sciences industry, Veeva has embedded itself into every stage of the drug development process — from R&D and clinical trials through manufacturing compliance and global regulatory filings.We cover:- What Veeva actually does — the four-segment cloud stack explained- FY2026 results: $3.2B revenue, 16% year-over-year growth- The balance sheet: $6B+ cash, zero debt- Free cash flow growing at a 16% CAGR on a per-share basis- Is AI a genuine threat to Veeva — or a tailwind?- CEO Peter Gassner's case for AI as symbiotic, not disruptive- The real bottleneck in getting drugs to patients — and where Veeva fits- A reverse DCF valuation walkthrough: what growth rate is actually priced in?We lay out the full case and leave the conclusion where it belongs — with you.Want deeper research and live discussion? Join our Semi Insider community at chipstockinvestor.com. New members can access the Discord server until April 15th.Disclaimer: Content is for general information and educational purposes only and does not constitute specific investment advice. All investing involves risk. Nick and Kasey hold a position in Veeva Systems.

Temporary assistance for needy families (TANF) is a federal program that provides states with funding to serve low-income families. TANF cash assistance provides monthly funds to low-income families to pay for a variety of needs. To be eligible for TANF cash assistance applicants must meet several criteria. TANF applicants must complete multiple forms that include over 250 pieces of information. DCF staff process each application by taking several steeps including verifying certain information and conducting and interview. It took DCF an average of 22 days to approve or deny TANF applications in fiscal years 2023 and 2024, but staff reported only spending about 1 hour actively verifying applications. On average, we estimated it took applicants who completed an online application in one sitting about 1 hour to complete a TANF application in fiscal year 2025. Stakeholders we talked to estimated it takes 15 minutes to 2 hours for individuals to complete the application. Federal and state law require DCF to take several steps to identify and prevent fraud and other misuse in the TANF program. Generally, DCF appeared to comply with the requirements we reviewed but we identified 1 state law DCF has not implemented. Last, we identified transactions at impermissible locations totaling about $23,000 in fiscal years 2023 and 2024, but this number is likely understated.

Based on the limited information we could review, we identified an estimated $700,000 to $1.2 million in Supplemental Nutrition Assistance Program (SNAP) benefits paid to recipients who may not live in Kansas in fiscal years 2023 and 2024. SNAP is a federal program that provides monthly funds to low-income families to buy food. There are a few common types of fraud schemes in the SNAP program including skimming, cash-for-card schemes, and imposter fraud. Federal and state law require DCF to take several steps to identify and prevent fraud in the SNAP program. DCF has policies that appear to comply with most of the federal and state requirements we reviewed, but we identified 1 state law DCF has not implemented. We did several tests to identify SNAP benefits that were potentially being misuses, but our analyses were limited by a federal law that prevents DCF from sharing certain SNAP recipient data with us. Based on the data we could review, we estimated that in fiscal years 2023 and 2024 DCF distributed about $700,000 to $1.2 million in SNAP benefits to recipients who may not have lived in Kansas. DCF told us that Kansas's simplified reporting requirements prevent them from quickly identifying when a recipient moves out of state. Making payments to individuals who have potentially left the state could have a small fiscal impact on Kansas.

    Slam the Gavel welcomes Nicole DeGregorio to the podcast. She is the significant other to Christopher Stevens. Christopher is a non-accused parent currently incarcerated for exposing DCF in stealing his child in Franklin County, Massachusetts. DCF has violated his rights under the general Massachusetts Law 119 Section 1. This was also about retaliation, kidnapping for profit and erasing a father.https://youtu.be/ziAyzcpVz3U?si=5zcxWYDVjRle5i8Thttps://youtu.be/ziAyzcpVz3U?si=5zcxWYDVjRle5i8T   chris documentaryhttps://givesendgo.com/forgottenfather?utm_source=website_share&utm_medium=sharelink&utm_campaign=forgottenfather   To Reach Nicole DeGregorio: ndegregorio46@outlook.comTo Reach Sylvia Beachy/Rescue The Fosters:  sbeachy@pm.meSupportshow(https://www.buymeacoffee.com/maryannpetri)Maryann Petri: dismantlingfamilycourtcorruption.comhttps://www.tiktok.com/@maryannpetriFacebook:  https://youtube.com/@slamthegavelpodcast?si=INW9XaTyprKsaDklhttps://substack.com/@maryannpetri?r=kd7n6&utm_medium=iosInstagram: https://www.instagram.com/guitarpeace/Pinterest: Slam The Gavel Podcast/@guitarpeaceLinkedIn: https://www.linkedin.com/in/maryann-petri-62a46b1ab/  Twitter https://x.com/PetriMaryannEzlegalsuit.com   https://ko-fi.com/maryannpetrihttps://www.zazzle.com/store/slam_the_gavel/aboout*DISCLAIMER* The use of this information is at the viewer/user's own risk. Content on this podcast does not constitute legal, financial, medical or any other professional advice. Viewer/user/guest should consult with the relevant professionals. IRS CIRCULAR 230 DISCLOSURE: To ensure compliance with requirements imposed by the Internal Revenue Service, we inform you that any U.S. federal tax advice contained in this communication (including any attachments) is not intended or written to be used, and cannot be used, for the purpose of (1) avoiding penalties under the Internal Revenue Code or (2) promoting, marketing or recommending to another party any transaction or matter addressed herein. Reproduction, distribution, performing, publicly displaying and making a derivative of the work is explicitly prohibited without permission from content creator. The content creator maintains the exclusive copyright and any unauthorized copyright usage is strictly prohibited.  Podcast is protected by owner from duplication, reproduction, distribution, making a derivative of the work or by owner displaying the podcast. Owner shall be held harmless and indemnified from any and all legal liability.Support the showSupportshow(https://www.buymeacoffee.com/maryannpetri)http://www.dismantlingfamilycourtcorruption.com/

It's Tunnel Talk's fifth anniversary! Can you believe we've been doing this for five years? Neither can we! With our wrestling themed cocktails in hand, we tackle Revolution and the events afterwards. Ospreay's back! Cope and Christian only have eyes for the Young Bucks! Gabe Kidd got flipped in a car! And the time of night the main event started caused the girls to have seething resentment towards Hangman and MJF. We were way over time before we even got to Week 4 of the B2 where there was a SHOCKING upset! Join us!Watch the B2 Slideshow on Youtube!Check out the slides in PDF!(0:00) Chit Chat Time(17:58) MJF and Hangman(35:36) FTR/Young Bucks/Cope(1:01:14) Mox and Takeshita and Ospreay(1:20:04) Dogs vs Conglom(1:39:04) Women's Dvision(1:54:06) DCF in general(2:10:53) Swerve, Brody and Kenny(2:23:09) Best Bods Week 4Advertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

Send a textIn this quick tip episode of Private Practice Survival Guide, Brandon Seigel breaks down how to accurately define the sales valuation of a private practice—and why misunderstanding valuation mechanics can cost owners hundreds of thousands of dollars at exit. He explains the two primary deal structures (stock sales vs. asset sales), how insurance contracts and tax IDs impact deal viability, and why buyer type (private equity, strategic buyers, internal partners, or individual investors) directly influences valuation outcomes.Brandon walks through the most common valuation methodologies, including EBITDA multiples and discounted cash flow (DCF), while clarifying common mistakes owners make—especially overstating EBITDA by misclassifying owner compensation. Using a real-world case study, he shows how proper add-backs, risk reduction, operational independence, and infrastructure readiness can dramatically increase multiples and sale price. The episode closes with practical steps to optimize value, protect sensitive data during negotiations, and prepare early so owners exit confidently, maximize leverage, and preserve the legacy they've built.Welcome to Private Practice Survival Guide Podcast hosted by Brandon Seigel! Brandon Seigel, President of Wellness Works Management Partners, is an internationally known private practice consultant with over fifteen years of executive leadership experience. Seigel's book "The Private Practice Survival Guide" takes private practice entrepreneurs on a journey to unlocking key strategies for surviving―and thriving―in today's business environment. Now Brandon Seigel goes beyond the book and brings the same great tips, tricks, and anecdotes to improve your private practice in this companion podcast. Get In Touch With MePodcast Website: https://www.privatepracticesurvivalguide.com/LinkedIn: https://www.linkedin.com/in/brandonseigel/Instagram: https://www.instagram.com/brandonseigel/https://wellnessworksmedicalbilling.com/Private Practice Survival Guide Book This show is proudly produced at PS Studios — learn more https://www.psstudios.co

In this analysis of Marvell Technology's (MRVL) Q4 fiscal year 2026 earnings, Chip Stock Investor explores the company's dramatic shift toward becoming an all-in AI data center infrastructure play as data center revenue approaches nearly 80% of total sales. The video breaks down Marvell's core technological buckets—Logic, Networking, and Storage—highlighting their custom XPU work for major customers like Amazon and the strategic impact of acquiring Celestial AI and XConn. Beyond company specifics, the discussion addresses critical macro disruptions, including rising oil prices and memory shortages that are impacting the global semiconductor supply chain in 2026. By comparing Marvell's trajectory to industry giant Broadcom and performing a reverse discounted cash flow (DCF) analysis at the current $90 stock price, this deep dive evaluates whether the market's 30% growth expectation for Marvell is a justified bet for long-term www.chipstockinvestor.com/membershipinvestorsJoin us on Discord with Semiconductor Insider, sign up on our website: www.chipstockinvestor.com/membershipSupercharge your analysis with AI! Get 15% of your membership with our special link here: https://fiscal.ai/csi/Sign Up For Our Newsletter: https://mailchi.mp/b1228c12f284/sign-up-landing-page-short-formIf you found this video useful, please make sure to like and subscribe!*********************************************************Affiliate links that are sprinkled in throughout this video. If something catches your eye and you decide to buy it, we might earn a little coffee money. Thanks for helping us (Kasey) fuel our caffeine addiction!Content in this video is for general information or entertainment only and is not specific or individual investment advice. Forecasts and information presented may not develop as predicted and there is no guarantee any strategies presented will be successful. All investing involves risk, and you could lose some or all of your principal. #Marvell #Semiconductors #AI #Investing #ChipStocks #DataCenter #MRVL #StockMarket AnalysisNick and Kasey own shares of Broadcom

Great energy in this one as the girls twirl and trip through this week in wrestling! Kevin Knight teaches us a little something about charm, and we think MJF is falling for it! Tommasso Ciampa does NOT like FTR and neither does our new favorite youtuber who satisfyingly annihilated them! Hook is absolutely in charge of the Opps, and he's backstage playing Killer, Killer, Killer? A hot new game! And we have a new man, and we're split on whether to like them! PLUS it's week two of the B2, and we're thrown into a few crises! Too many riches for these girls!Follow Along with the B2 on youtube!Or by PDF!(0:00) Chit Chat Time(14:49) Hangman and MJF(37:23) Swerve and Brody(43:20) Death Riders and DCF(52:09) FTR and the Young Bucks(1:06:51) Women's Division(1:09:34) Hook(1:13:20) Darby, OC, and the NJPW guys(1:21:38) Best Bods Tournament!Support this podcast at — https://redcircle.com/social-suplex-podcast-network/donationsAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

In this video, I break down why I didn't sell my position in Harrow Inc. (HROW) after the stock dropped 30% following earnings. I walk through how I think about stocks like a business owner, not a trader — and why the price is often just noise. We look at HROW's real fundamentals: revenue growth, free cash flow, margins, and debt. Then I show you exactly how I evaluate analyst models and DCF valuations, and why one number can change everything. I also share my full position, my risk management approach, and my exit plan. If you've ever panicked when a stock dropped, this one's for you. [⁠⁠⁠⁠⁠⁠Link to YouTube Video⁠⁠⁠⁠⁠⁠]⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Dapper Dividends Recommendation Tracker Spreadsheet⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Check out my current portfolio on

During the legislative session, there's more pressure from lawmakers to partner with DCF and improve systemic problems. We talked about the latest efforts with Senator Jason Perillo, ranking member for the Committee on Children.

⚖️ Budget Boost: A Rare Win for Taxpayers

The Committee on Children is offering a public hearing today to discuss several bills, including ones to better support DCF. We spoke with Christina Ghio, Acting Child Advocate for the Connecticut Office of the Child Advocate, about some of the bills being proposed.

Your girls got TRICKED into watching Grand Slam, a show where nothing actually happened, but that's okay. We're off the wall about it anyway! We discuss Hangman's similarities (or not) to MJF, Swerve's bad boy adventures, FTR aka Drip and Dribble's resentment of the beloved Young Bucks, and Yuta's Big Haircut. Plus, Hook's the head of domestic recruitment for the Opps now, and we COULDN'T be happier.Help us build our bracket for our annual March Madness Best Bodies Tournament!(0:00) Chit-chat time(15:30) Grand Slam General Thoughts(21:28) Hangman and MJF(42:15) Swerve and Kenny(56:31) Young Bucks(1:05:24) RIP Yuta's Hair(1:16:07) Mox and the DCF(1:26:13) Women's Division(1:31:46) HookSupport this podcast at — https://redcircle.com/social-suplex-podcast-network/donationsAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

The Nurses Report with David, Nicole & Ashley – Host Nurse Nicole joins fellow nurses to examine a Florida custody case where medical refusal triggers state intervention. The discussion explores parental rights, Black Box Warning risks, DCF authority, and ethical boundaries between protection and coercion, offering families practical strategies for documentation, advocacy, and informed medical decision making during crises...

The Nurses Report with David, Nicole & Ashley – Host Nurse Nicole joins fellow nurses to examine a Florida custody case where medical refusal triggers state intervention. The discussion explores parental rights, Black Box Warning risks, DCF authority, and ethical boundaries between protection and coercion, offering families practical strategies for documentation, advocacy, and informed medical decision making during crises...

The software apocalypse continues to rattle the market, but AppLovin (APP) is currently operating like a financial "cheat code." Despite the recent stock dip, the core digital ad business is showing explosive growth, with Q1 2026 guidance projecting a 52% jump in revenue. Between the insane 84% adjusted EBITDA margins and the expansion of their Axon 2.0 AI algorithms, this business is converting cash to the bottom line at an incredible rate.We're breaking down the reverse DCF to see if the current price is a steal or a trap. With free cash flow nearly doubling to $4 billion and a balance sheet that is back to parity, the black box of AI-driven advertising is proving its value. If you're looking for a long-term compounding machine that thrives as AI makes content creation easier, watch until the end to see why we might nibble if the stock hits the low $400s.Join us on Discord with Semiconductor Insider, sign up on our website: www.chipstockinvestor.com/membershipSupercharge your analysis with AI! Get 15% of your membership with our special link here: https://fiscal.ai/csi/Sign Up For Our Newsletter: https://mailchi.mp/b1228c12f284/sign-up-landing-page-short-formChapters:00:00 The Software Apocalypse Continues 02:15 Q1 2026 Guidance: 52% Revenue Growth 03:30 EBITDA Margins 04:45 CEO Adam Feroughi on the AI Advantage 05:50 The Axon 2.0 Black Box 07:00 Free Cash Flow Doubled08:30 Share Repurchases & Balance Sheet Health 09:45 Reverse DCF: Finding the Fair Value 11:00 Our Strategy: Buying the Dip?If you found this video useful, please make sure to like and subscribe!*********************************************************Affiliate links that are sprinkled in throughout this video. If something catches your eye and you decide to buy it, we might earn a little coffee money. Thanks for helping us (Kasey) fuel our caffeine addiction!Content in this video is for general information or entertainment only and is not specific or individual investment advice. Forecasts and information presented may not develop as predicted and there is no guarantee any strategies presented will be successful. All investing involves risk, and you could lose some or all of your principal.#AppLovin #APP #StockMarket #AI #Investing #GrowthStocks #DigitalAds #FiscalAINick and Kasey own shares of AppLovin

Worldwide Markets - Episode 666

Send a textRecap & Breakdown of HBO's Industry season 4 episode 6,Harper launches her assault on Tender at the Alpha Conference, delivering a devastating short thesis complete with a DCF analysis and sum-of-the-parts valuation. We break down every piece of the finance, from enterprise value vs. equity value, what a price target of zero really means, and the real-world fraud parallels to Enron, Valiant, and Luckin Coffee. We also discuss why Tender's "convertible bond" is actually a putable bond (a la Succession Season 1). Meanwhile, Whitney's relationship with Henry takes some deeply unsettling turns, and cracks in Tender's armor start showing from directions nobody expected. The episode's biggest revelations reshape everything we thought we knew, which would have been unbelievable had it not come directly from the Wirecard scandal. A bunch of our theories come true but sadly...and we discuss new theories and hopes given a shocking exit by one of our characters. With only two episodes left this season, the battle lines are drawn. Whether you're here for the finance masterclass or the character drama, this one has it all.Did you know we have a 25-hour Investment Banking & Private Equity Fundamentals self study that covers exactly what new hires get when they start on Wall Street? Step-by-step modeling, valuation, accounting, and more, delivered by Kristen who taught this exact content at firms including Blackstone, Morgan Stanley and more for over a decade. Check it out here: https://thewallstreetskinny.com/investment-banking-private-equity-fundamentals/#investment-bankingFor a 14 day FREE Trial of Macabacus, click HERE Visit https://iconnections.io/ to learn more about iConnections!Shop our Self Paced Courses: Investment Banking & Private Equity Fundamentals HEREFixed Income Sales & Trading HERE Wealthfront.com/wss. This is a paid endorsement for Wealthfront. May not reflect others' experiences. Similar outcomes not guaranteed. Wealthfront Brokerage is not a bank. Rate subject to change. Promo terms apply. If eligible for the boosted rate of 4.15% offered in connection with this promo, the boosted rate is also subject to change if base rate decreases during the 3 month promo period.The Cash Account, which is not a deposit account, is offered by Wealthfront Brokerage LLC ("Wealthfront Brokerage"), Member FINRA/SIPC. Wealthfront Brokerage is not a bank. The Annual Percentage Yield ("APY") on cash deposits as of 11/7/25, is representative, requires no minimum, and may change at any time. The APY reflects the weighted average of deposit balances at participating Program Banks, which are not allocated equally. Wealthfront Brokerage sweeps cash balances to Program Banks, where they earn the variable APY. Sources HERE.

Listeners, as of recording, Allie was still stranded on the East Coast, so Anne and Lea bravely carried on, serving as two legs of a stool, barely balanced on a hope and a dream. Hell yeah! Mister New Man Ciampa has a belt now thanks to the support of the fans. What fans? The ones who watched NXT, I guess. Darby's experiencing exquisite agonies at the hands of our newest NJPW pals who may or may not go here. He may be erotically satisfied but we're not entirely sure we are. Thank God Andrade, Kenny, Swerve and Hangman continue to circle each other—it's a real seething emotional stew and we're RIVETED. Plus, the Fuck ICE chants ruled, Orange Cassidy would look terrible bald, and Las Vegas, we loved your reaction to seeing the Bucks!(0:00) Chit-chat time(7:58) Ciampa(18:05) Darby, Gabe and Connors(26:55) Andrade, Kenny, Hangman and Swerve(42:52) MJF and Brody(49:27) Babes, Sisters and Megabad(58:23) Death Riders and DCF(1:06:14) Toni and OC(1:14:02) JB, Ricochet and the Bucks(1:25:07) OspreaySupport this podcast at — https://redcircle.com/social-suplex-podcast-network/donationsAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

The Prism of America's Education with Host Karen Schoen – You will hear the horrifying story of DCF kidnapping Kenlee and refusing to return her to Joy's loving home. All of this is because a physician's ego was bruised. For the last two years, instead of being home with her loving family, who understand her disease and give her the best care, Kenlee has been five hours away from her family, because DCF was...

When it comes to working in military intelligence, strong leadership skills and the ability to make quick decisions under pressure are key. Just as important to a mission's success is being a good team player.Those were the lessons and skills Chris Stillwell '24 carried into his two career pivots after his time working as a military intelligence officer for the U.S. Army. His first pivot landed him a role at Kearney in Dubai focusing on M&A integration and strategy consulting. Chris then decided to pursue an MBA at Rice Business to sharpen his financial skills and pivot once again into the world of investment banking. Now an investment banking associate at Bank of America, Chris joins co-host Brian Jackson '21 to discuss his military experience, why he chose Rice, how the program helped him make a major career transition, and his advice to those considering an MBA to pursue new career opportunities. Episode Guide:00:00 Introduction to Chris Stillwell01:03 Military Intelligence: Separating Fact From Fiction02:15 Roles and Responsibilities in the Army03:08 Leadership and Decision Making in High-Pressure Situations08:07 From Military to Consulting09:49 Living Abroad: Challenges and Cultural Insights15:02 Transitioning to an MBA at Rice University18:13 Involvement and Networking at Rice20:56 Entering Investment Banking: Preparation and Challenges25:37 Day-to-Day in Investment Banking28:46 Advice for Career Pivoters and VeteransThe Owl Have You Know Podcast is a production of Rice Business and is produced by University FM.Episode Quotes:The moment Chris realized that Rice gave him an edge over his peers[20:48] Brian: Going into investment banking, was there, like, now an elevated sense of confidence of, Okay, I've done this before; I'll do it again?[20:56] Chris: Maybe some blind confidence sometimes. Yeah, you could even ask my parents. I went home for like four days for the Christmas break the year I was recruiting. And I was studying flashcards with my mom of all the IB 400 questions. And I was like, “I'm not going to get a job. You know, like all these people around me are much smarter than me. There's a really—we've got a really talented pool of candidates that are recruiting this year.” But you know, I felt like at the end of the day, the Finance Association and Rice, just the classes I took, really prepared me to understand the basics of finance, the basics that are expected of the interview process. And then, going forward, I saw when I started as an intern at the bank, I went to New York for a week…We were training with all these people from all these different schools, going to all these different groups in the bank, and some people didn't even know what a DCF was or didn't know how to do it that well, I should say. We were doing some practice problems, and I was like, “Wow, we're actually far ahead of a lot of these other schools and people.” So that was kind of good to see that Rice really put an effort into training us up. What Chris learned about leadership through three career pivots[30:15] There are certain people who can be leaders and are very good at being leaders. But being a good leader in the military might not translate to being a good leader at banking. And a lot of times you actually see that, or you see military officers leave the military and go into the corporate world and not be as successful. Because I really think you do need to tailor your leadership style to the one the industry you're working in, and two, the people you're working with, you know, different ways of operating motivate people differently. Like in the military, you could yell at somebody and hold them to a higher standard and maybe they'll do it. But if you yelled at somebody like, you know, a marketing job, they probably would shut down and that'd be the end of it. It really doesn't work the same. The leadership style is something that you have to adjust to the area you're working in.On how his military experience strengthened his teamwork skills[04:03] In the military, you are a leader, but you learn how to be a good follower as well. And I think what you do with that is that you are able to have great teamwork. You're able, like in my current job now, I have an analyst underneath me, but I have people like VPs and MDs above me and I can understand what their intent is and what we need to get accomplished in our day-to-day job, but also articulate to the people below me, Hey, this is the intent and this is how we do it. So it's kind of been very helpful in those soft skills.On how Rice gave him the academic foundation he needed[16:49] My reasons for going to Rice were great, but once I got there, I appreciated it a lot more. I really got exposed to, I mean, I was looking for some things like smaller classrooms for example. Like a lot of people we hire from Kearney were from Yale or HBS, and their class size was like a thousand people. And maybe you didn't have a lot of rigor in terms of academics. I think Rice, especially in the first term, really forces you to go to classes to do your homework, to learn the materials. And that was attractive to me as well, because I didn't come from a finance background at all. So I didn't even know what a DCF was before I came to Rice. So I was very grateful at that, you know, getting to Rice and realizing that it was such a good platform to be integrated into.Show Links: TranscriptGuest Profile:Chris Stillwell | LinkedIn