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