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Title: Only useful for a privately held small business under $5M
Review: The book spends most of the text explaining unacceptable methods of valuing a company. The author says that all of these methods are not applicable for companies under $30M in sales. I disagree! Using Discounted Cash Flow methods to place a value on a company is widely accepted compared to "rule of thumb" approaches.His explanation of the DCF and other NPV methods is also flawed. He ignores the cash flow impact of debt, capital expenditures and working capital changes!His book is only good for a small business owner with sales probably under $3M to $5M.
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