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"...make sure your analysis begins and ends with the market."†
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† Howard Lewis, retired National Program Manager for the IRS's Engineering and Valuation programs, as quoted in "BV Wire", issue #72-3 of September 24, 2008
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LEAPS are the best market-based evidence because...
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LEAPS are publicly traded - they reflect all market forces including volatility.
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LEAPS are valuation date specific - i.e. you can match the LEAPS date to the valuation date of your appraisal assignment.
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LEAPS are industry specific - there are 100's of companies with LEAPS.
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LEAPS include many of the Mandelbaum factors, by definition.
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What's New?
Now Available: the book "LEAPS And The DLOM"
- the 2010/11 Study and comparisons to earlier years
- industry studies
- more LEAPS on ETFs
Click here to read the Table of Contents
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