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