Thursday, April 17, 2008
Well, it's 1:30am and I am officially done with my last project for school for this semester. A case study from hell for financial management class. I spent the majority of my time elusively chasing numbers and trying to re-arrange formulas and find answers to life's burning questions.
How do you calculate a firm's weighted average cost of capital when you don't have their expected rate of return on debt or equity?
How does one properly value a European firm whose financial statements are in their home currency but cross over into the Euro currency time frame?
Why the hell can't I find a goddamm SIMPLE formula to discount the expected future free cash flows?
In the end, I had to settle for a much more scaled back set of tables and spreadsheets and a lot more bullshitting and theorizing on the "qualitative" analysis. It's freaking 1:30am and I have to be at work all day tomorrow and this is due in class right after work. Better to have something to turn in that sucks than nothing to turn in at all.
Why can't we read romance novels for credit? hmph.