The staff at Bond & Pecaro has amassed extraordinary experience providing valuation services for a wide range of advertising and subscriber-oriented businesses. Clients have confidence in the integrity of the firm's analyses. Bond &Pecaro's clients range from local radio and television stations, to national broadcasting networks, to international media, and technology businesses. Whether the firm's clients require fair market or stock valuations, asset appraisals, or general consulting services, Bond & Pecaro has the resources and expertise to address each client's unique requirements.
Fair Market Valuations
Fair market valuations provide an authoritative estimate of the total value of the assets or stock of a company. Such estimates are important for acquisitions, financing, joint ventures, and estate administration and planning. The firm's reports contain descriptions of market demographic, economic, and competition characteristics in support of detailed financial projections for the subject property. Each fair market valuation is detailed enough to be meaningful to industry specialists, yet accessible enough to make it useful for generalists.
Stock Valuations
The analysis of stock options and stock appreciation rights (SAPs) has become increasingly important to emerging technology companies. Depending on the scope of an engagement, Bond & Pecaro can establish the fair market value of the stock of a company. The valuation of stock or partnership interests is essential in connection with employee stock option and compensation plan, fairness opinions, gift or state tax planning, and other financial purposes.
Stock valuations, by their nature, require special sensitivity to applicable rights and restrictions, particularly in situations involving minority or partial interests and classes of stock with different privileges. By carefully examining and articulating these competitive and market characteristics affecting economic value, the firm's stock valuation reports provide clients with essential planning and decision-making tools.
Asset Appraisals
An asset appraisal provides a basis for establishing the value of the tangible and intangible assets of a company for a number of tax, accounting, insurance, and transactional purposes. Knowing the value of a client's assets is essential to ensure accuracy in financing reporting and optimization of tax benefits of an acquisition, to structure like-kind exchange transactions, and to determine depreciation and amortization of the assets.
Bond & Pecaro assists clients by making due diligence inspections of operating faculties and providing estimates of asset values and the purchase price allocation. Through informal consultation, the firm's staff can provide guidance to clients in the acquisition planning and contract negotiation process that can enhance the future financial performance of a property.
ASC and Impairment Testing
Accounting Standards Codification (ASC) Topics 805, 350, 360, 820, and 810 have outlined the valuation of assets and liabilities in modern business transactions. In today's economy, the valuation of intangible assets at telecommunications, technology, and media companies routinely fluctuates in response to such factors as competitive pressures, advertising cycles, the equity markets, demographic trends, audience tastes, and governmental actions. Bond & Pecaro has established methodologies for evaluating these important intangible assets at the time of transactions, as well as determining whether the values of these assets have been impaired.
Property Tax Consulting
Bond and Pecaro is very active in the area of property taxation, particularly with respect to cable television. Among common issues are the amount of taxable property owned by a taxpayer and the fair market value of that property. By inspecting and documenting the amount, nature, and condition of taxable property present at a communications business, the Bond & Pecaro staff is able to present pertinent evidence and render informed opinions in assessment appeals hearings and other property tax litigation.
