Capital needes Synergies Underperforming mgt team Financial sponsor wants out Levered Financial High Investors borrow/ lend at same terms as firm Low All equity Increase Efficient capital markets No succession plan Align budget with stratgy Unlevered EBIT Interest payments Expansion to new markets (horizontal) Keep performance metrics Operating Determine capital needs Shareholder Value of Firm Modigliani & Miller Financial distress Reduce competition Dividend payments Supply chain efficiencies (vertical) Decrease Interest expense is tax deductible Undervalued business Cash Flow No tax benefit to debt Investment No SEC registration for Bonds Capital needes Synergies Underperforming mgt team Financial sponsor wants out Levered Financial High Investors borrow/ lend at same terms as firm Low All equity Increase Efficient capital markets No succession plan Align budget with stratgy Unlevered EBIT Interest payments Expansion to new markets (horizontal) Keep performance metrics Operating Determine capital needs Shareholder Value of Firm Modigliani & Miller Financial distress Reduce competition Dividend payments Supply chain efficiencies (vertical) Decrease Interest expense is tax deductible Undervalued business Cash Flow No tax benefit to debt Investment No SEC registration for Bonds
(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.
Capital needes
Synergies
Underperforming mgt team
Financial sponsor wants out
Levered
Financial
High
Investors borrow/ lend at same terms as firm
Low
All equity
Increase
Efficient capital markets
No succession plan
Align budget with stratgy
Unlevered
EBIT
Interest payments
Expansion to new markets
(horizontal)
Keep performance metrics
Operating
Determine capital needs
Shareholder Value of Firm
Modigliani & Miller
Financial distress
Reduce competition
Dividend payments
Supply chain efficiencies
(vertical)
Decrease
Interest expense is tax deductible
Undervalued business
Cash Flow
No tax benefit to debt
Investment
No SEC registration for Bonds