Chris Mercer

Work with baby boomer business owners on issues related to ownership succession & business valuation. CEO of Mercer Capital.

[Chris Mercer @ZChrisMercer]

Take a look at Mercer Capital’s 2023 Benchmarking Guide for Family Businesses. https://t.co/vVf3xwpMcT

[Chris Mercer @ZChrisMercer]

The “It Principle” at Work. Some appraisers seem to think that control premiums are caused by greater or lesser degrees of control. But if “it” doesn’t affect expected cash flow or growth, and if “it” doesn’t affect risk and discou…https://t.co/WMOuFYal7y https://t.co/E0MeP5tdfL

[Chris Mercer @ZChrisMercer]

Professor @AswathDamodaran espouses an "It Principle" which goes as follows:
"
"If "it" does not affect the cash flows or alter risk (thus changing discount rates), "it" cannot affect value."

My corresponding "It Principle," which I've been repeating for…https://t.co/KJ56R9JjrN

[Chris Mercer @ZChrisMercer]

At this point, I walk because I walk. June 14th marked 3 1/2 years into my walking journey that has turned into a walking and pickleball journey. Five miles per day minimum on average every week. This post tells a bit about the…https://t.co/iq82byBDAH https://t.co/cLT6AMFWDw

[Chris Mercer @ZChrisMercer]

This morning I played at the world class pickleball facility called Pictona (Pickleball in the Daytona area and actually in tiny Holly Hill. FL). The Z in my name stands for my first name, Zeno. My father was a Zeno and my son is also a Zeno. It is a fair…https://t.co/HLSavSgxfr

[Chris Mercer @ZChrisMercer]

I've been walking regularly since December 15, 2019 with a daily goal of 5 miles (or more) per day (at Day 1240 now). After all this time, upon reflection, I have changed the goal from daily to weekly, with a minimum of 35 miles p…https://t.co/dPPKBJOGNh https://t.co/OUNT4dEejY

[Chris Mercer @ZChrisMercer]

My colleague @JeffKDavis1 speaks on Bloomberg about insights into first quarter bank earnings releases. If you are interested in the banking sector, this is an informative listen. https://t.co/kqZwKcgkIP

[Chris Mercer @ZChrisMercer]

My post last week suggesting no marketability discounts for controlling interests of companies generated lots of interest. In this post, I extend the analysis to suggest further that no discount for illiquidity should be applied e…https://t.co/DAqdQy592T https://t.co/74sDdWgUij

[Chris Mercer @ZChrisMercer]

This short video was done some time ago, but the ideas in it are timeless. I discuss six important thoughts about how to think about the buy-sell agreement of your business or of your clients' businesses. https://t.co/G3G7XaNkuY

[Chris Mercer @ZChrisMercer]

My colleague, David Harkins, CFA, ABV, has written a review of Asbury Automotive Group, one of a handful of publicly traded automobile dealership entities. It is a good read and will inform you a good bit about the auto dealer industry. https://t.co/lQ0Lw4T7BS

[Chris Mercer @ZChrisMercer]

Silicon Valley Bank was closed by the FDIC on March 10, 2023. Many have written about aspects of the failure. Writing for Mercer Capital's Family Business Director Blog this week, I discuss four lessons to be learned from the SVB f…https://t.co/m3JukWnuQC https://t.co/dVVnI5Uvg9

[Chris Mercer @ZChrisMercer]

What about the "marketability discount" for controlling interests? There is no such thing as a "marketability discount" for controlling interests in companies in FMV determinations. All business cash flows are valued and sold in…https://t.co/4r5EM2848U https://t.co/dTI61f7tTH

[Chris Mercer @ZChrisMercer]

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[Chris Mercer @ZChrisMercer]

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[Chris Mercer @ZChrisMercer]

My colleague Matt Crow writes a fascinating post seemingly about RIAs and investment managers, but the thesis has relevance to all businesses and all of us. It provides a roadmap for looking at potential transactions of many kinds. Your ROI for time spent…https://t.co/wkdbItAplL

[Chris Mercer @ZChrisMercer]

We started doing the National Economic Review in 1985 and have prepared the NER on a quarterly basis since Q1 1990. Take a look. It might be just for you. https://t.co/pmF59BJHhU

[Chris Mercer @ZChrisMercer]

Did you ever have one of those days when you really didn't know how it would go? That was me last Wednesday when I had a big birthday. It was a great day for me personally and at the office. https://t.co/vTOQXQaRx1

[Chris Mercer @ZChrisMercer]

Travis W. Harms discusses six important valuation principles in this short video. They will surprise you and challenge your thinking about business decision-making. Five Stars! https://t.co/9hwwOEMrT9

[Chris Mercer @ZChrisMercer]

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[Chris Mercer @ZChrisMercer]

My colleague, Atticus Frank, CFA, ABV, has written an interesting post that weaves the story of 84 Lumber King into an important post on management succession. https://t.co/xXvPtGorji