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Publicly Traded Blockchain Companies: Understanding Risk for a New Market

By: Daniyal Inamullah, CFA Without the advantage of being part of a reputable VC or Angel group, or actively working on early-stage company investments, public market information offers retail investors with the best knowledge to invest in micro and small cap companies. Due to the asymmetric information and profit potential associated with any new [...]

By |2018-11-06T15:09:20+00:00October 15th, 2018|Acquisitions, Blockchain, Financial, Presentations, Select Articles, Valuation|Comments Off on Publicly Traded Blockchain Companies: Understanding Risk for a New Market

Intrinsic Welcomes Kade Tibbetts to Our Team

Kade Tibbetts joined Intrinsic as an Associate in September of 2018. Prior to Intrinsic, Kade was an Associate in the Audit Practice at KPMG in Denver, Colorado. There, he spent much of his time auditing the financial statements of primarily non-public companies. His experience consisted of performing substantive testing, period-to-period analysis and other audit [...]

By |2018-10-18T09:31:58+00:00October 10th, 2018|Personal|Comments Off on Intrinsic Welcomes Kade Tibbetts to Our Team

Intrinsic Welcomes Zach Jacobsmeyer to Our Team

Intrinsic continues to grow with the addition of Zach Jacobsmeyer. Zach joined Intrinsic LLC with 4.5 years of accounting and financial experience. Zach previously worked at Emerson Electric Inc (Global Fortune 500 Manufacturer) in St Louis, Missouri the last 3 years. He served as a Senior Internal Auditor where he participated and led financial [...]

By |2018-10-17T22:15:05+00:00October 7th, 2018|Personal|Comments Off on Intrinsic Welcomes Zach Jacobsmeyer to Our Team

Earnings Quality is More than Adjusted EBITDA

Buyers perform exhaustive pre-acquisition due diligence of target companies that spans financial, tax, legal, IT, operational, marketing, HR, and other matters.  Central to financial due diligence is the target’s earnings quality.  Discussion of earnings quality usually focuses solely on recent historical EBITDA, normalized by making various adjustments.  Of course, normalized EBITDA is critical information. [...]

By |2018-10-17T13:32:25+00:00October 5th, 2018|Acquisitions, Financial, International, Select Articles, Taxes|Comments Off on Earnings Quality is More than Adjusted EBITDA

Fair Market Value to Fair Value reconciliation in Machinery and Equipment Appraisals

Fair Market Value (“FMV”) is a proposed opinion of value of an asset, supported by sound research and generally accepted valuation methods, that could be received in the market. Whereas Fair Value (“FV”) is the realized value of a piece of equipment upon the actual sale of an asset. In Machinery and Equipment appraisals (“M&E”), [...]

By |2018-09-19T10:44:25+00:00September 19th, 2018|Acquisitions, Financial, Select Articles, Valuation|Comments Off on Fair Market Value to Fair Value reconciliation in Machinery and Equipment Appraisals

Blockchain and Its Potential Use in Accounting

Blockchain, meet accounting.  I think you two will have a great relationship. You were practically made for each other. For every debit, there must be a credit. The foundation of accounting works so well that there haven’t been significant changes since Luca Pacioli's "double-entry" system was documented in the 1400's. Getting to its basic definition, [...]

By |2018-10-15T18:01:21+00:00September 17th, 2018|Blockchain, Financial, Select Articles, Taxes|Comments Off on Blockchain and Its Potential Use in Accounting

Volunteer Work – Giving back….

Quinn Moore, Ash Kansara, Brad Smith & Daniyal Inamullah preparing plates for handoff Alex Chandler sign in attendees and guide them to their meal and open seats. On Monday, August 27, 2018, Intrinsic volunteered to serve lunch to the homeless at the First Baptist Church located in Denver, Colorado. The [...]

By |2018-09-07T18:26:17+00:00September 7th, 2018|Corporate Citizenship|Comments Off on Volunteer Work – Giving back….

Valuation of Complex Securities

Intrinsic has assisted many publicly traded (and privately-owned) clients over the years in the valuation of complex securities for financial reporting purposes under GAAP and IFRS regulations. “Complex Securities” in this context refers to variations of warrants, convertible debt, restricted stock units (“RSU”) and performance shares based around a total shareholder return (“TSR”) mechanism. In [...]

By |2018-08-15T11:50:33+00:00August 15th, 2018|Featured, Select Articles, Valuation|Comments Off on Valuation of Complex Securities

Facebook’s Nosedive: A Study on Significant Share Price Declines and Subsequent Reversion to the Mean

The recent decline in Facebook’s stock after the company’s third quarter earnings release on July 25, 2018 prompted an analysis of how rare this occurrence is and the prevalence of mean reversion theory. At the time of this writing, Facebook’s common stock is down roughly 20% after the close of markets. Method To analyze the [...]

By |2018-07-29T12:47:53+00:00July 29th, 2018|International, Select Articles|Comments Off on Facebook’s Nosedive: A Study on Significant Share Price Declines and Subsequent Reversion to the Mean

Physician Compensation Models: Concerns on the Employment Model

Issue: Hospital owned physician practices has tripled since 2002. Health systems are not effectively managing physician practices due to the lack of focus on important drivers such as compensation models and centralized revenue cycle function and negotiation of health plan rates. Both the hospital and physicians are not happy; lack of ROI for the hospital [...]

By |2018-07-26T08:31:27+00:00July 26th, 2018|Financial, Healthcare|Comments Off on Physician Compensation Models: Concerns on the Employment Model