Unlevered Shareholder Value of Firm Financial distress Decrease Capital needes Underperforming mgt team Modigliani & Miller Keep performance metrics Financial Reduce competition High Investment Expansion to new markets (horizontal) No succession plan Interest payments Interest expense is tax deductible Determine capital needs Supply chain efficiencies (vertical) All equity Synergies Operating No tax benefit to debt Investors borrow/ lend at same terms as firm Levered Low No SEC registration for Bonds Align budget with stratgy Dividend payments Efficient capital markets Increase Undervalued business Cash Flow EBIT Financial sponsor wants out Unlevered Shareholder Value of Firm Financial distress Decrease Capital needes Underperforming mgt team Modigliani & Miller Keep performance metrics Financial Reduce competition High Investment Expansion to new markets (horizontal) No succession plan Interest payments Interest expense is tax deductible Determine capital needs Supply chain efficiencies (vertical) All equity Synergies Operating No tax benefit to debt Investors borrow/ lend at same terms as firm Levered Low No SEC registration for Bonds Align budget with stratgy Dividend payments Efficient capital markets Increase Undervalued business Cash Flow EBIT Financial sponsor wants out
(Print) Use this randomly generated list as your call list when playing the game. There is no need to say the BINGO column name. Place some kind of mark (like an X, a checkmark, a dot, tally mark, etc) on each cell as you announce it, to keep track. You can also cut out each item, place them in a bag and pull words from the bag.
Unlevered
Shareholder Value of Firm
Financial distress
Decrease
Capital needes
Underperforming mgt team
Modigliani & Miller
Keep performance metrics
Financial
Reduce competition
High
Investment
Expansion to new markets
(horizontal)
No succession plan
Interest payments
Interest expense is tax deductible
Determine capital needs
Supply chain efficiencies
(vertical)
All equity
Synergies
Operating
No tax benefit to debt
Investors borrow/ lend at same terms as firm
Levered
Low
No SEC registration for Bonds
Align budget with stratgy
Dividend payments
Efficient capital markets
Increase
Undervalued business
Cash Flow
EBIT
Financial sponsor wants out