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