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PRINCIPAL AUTHORED PUBLICATIONS - CASHLESS BUYBACK  
  The Cashless Buyback - Antigravity Not Required (8/16/07)
  The Cashless Buyback Plus: Beating the Stock Plus Warrants Model (2/18/10) 
  American Equity Rights Offerings v. HSBC/Goldman European Rights (7/6/09) 
  Breaking Monte Carlo - Standard Option Limits and Implications (1/2/12)
  Breaking Monte Carlo Addendum - Option Price Equilibrium Implications (1/20/12) 
​  Case Study - Precedent Transactions (11/1/15) 
​  Case Study - $1.742 Billion CFO (MPS Cashless Buyback) (3/28/16)
​  Case Study - $14.5 Billion CFO (NVIDIA Cashless Buyback) (5/30/16)
​  The CFO's Guide to Cashless Buybacks - How to Repo 1/2 Your Company (9/19/16)

PRINCIPAL AUTHORED PUBLICATIONS - BUYBACK RELATED TOPICS

 BUYBACK (EQUITY) ACCOUNTING 
  Accounting for the Buyback Boom - Options/Equity Expensing (3/31/07) 
  GAAP's Gap: Equity, or...Pacioli after the Dutch East India Company (12/5/07) 
  COMMON TERROR: Permissible Accounting Error - Teradyne Case (3/9/09)
  Rumpelstiltskin Accounting - Spin Gold from Straw (ASRs V-SIMG) (3/12/09)
  Sunstruck: Corporate Stock Loan Accounting (ENER, ESLR, SPWRA; 3/23/09) 
  Recognition of Intangibles: Response to Penman / CEASA (11/2/09)

 BUYBACK GOVERNANCE  
  Liability in Execution of 10b-18 "Open Market" Stock Repurchases (8/28/06) 
  Shareholder/Optionholder Buyback Conflicts (7/17/07; 11 Case Studies)
  Sen v. Jagolinzer: 10b5-1 Stock Sales "Use" and "Misuse" (7/16/08)
  Penny Ante: Are 10b-18 Commissions Excessive? Microtune Case (1/15/09) 
  Do Poor Buyback Motives Mean Poor Buyback Results? NSM Case (8/2/10) 
  Do Stated Buyback Motives Correlate with Buyback Results? KLAC Case (9/23/10) 

 BUYBACK PROFITABILITY  
  Efficiency and Performance in $91 Billion of 10b-18 Buybacks (10/30/06)
  Mirror, Mirror...: Buyback Profits of 276 Corporations, 2007-2008 (1/25/09)
  Buyback Profits of 273 Corporations, 2000 into 2009 (7/13/09) 
  Buyback Profits of 280 Corporations, 2000 through Late 2009 (1/3/10)  
  Buyback Profits of 275 Corporations, 2000 through Early 2010 (7/6/10)  
  Buyback Profits of 252 Corporations, 2000 through Early 2011 (7/5/11)  
  Buyback Profits of 232 Corporations, 2000 through Early 2013 (4/30/13)

 ACCELERATED STOCK REPURCHASE PROGRAMS  
  Convertible Funded Stock Buybacks - CY Study (10/4/07)
  Accelerated Stock Repurchases I - AMAT, CY, LLTC, XLNX Cases (10/12/07)
  Accelerated Stock Repurchases II - HPQ Case (10/23/07) 
  Accelerated Stock Repurchases III -KLA-Tencor Addendum (7/6/08) 
  Collateral Damage: Do ASRs Carry Counterparty Risk? ESLR Case (10/9/08)


SECONDARY AUTHORED PUBLICATIONS 
  Shareholder Buyback Benefits? TXN Case (6/12/07) 
  How Execs Earn Sweet Fees on Buybacks (#2) - NVIDIA Case (6/14/07) 
  Sweet Fees and Remedies on Buybacks (#3) - Intel Case (6/18/07)
  Analyzing Stock Buyback Board Decisions (#4) - Oracle Case (6/20/07)
  Comparing Stock Buybacks (#5) + Symantec Case (6/24/07)
  Comparing Stock Buybacks (#6) + Applied Materials Case (6/26/07)
  Comparing Stock Buybacks (#7) + Xilinx Case (7/5/07)
  Comparing Stock Buybacks (#8) + Cisco Case (7/8/07)
  Comparing Stock Buybacks (#9) + Synopsys Case (7/13/07) 

PUBLISHED LETTERS 
  Accounting for Equity Transactions: Marking Equity to Market, FASB Open Letter, 
  RE: FASB  Preliminary Views 1550-100 - Instruments with Equity Characteristics, FASB 
  website 12/5/07  
  Battle for Influence, (RE: FASB / Mark to Market Options Accounting), CFO Magazine, 10/1/07
  Mum Is Not the Word, (RE: Corporate Liability Attached to Buybacks),  CFO Magazine, 2/1/06 

OTHER RELATED WORKS 

  Cashless Buyback™ patent application (pdf download)
  Can You Have Your Stock and Sell It, Too?, Randy Myers, CFO Magazine, 11/1/06
  (including report of potential, upcoming Lerach buyback litigation)

OTHER TOPICS  

  Compromise: Why CFOs Might Back a 100% Corporate Profit Tax (8/15/11)  
  Breaking Monte Carlo I, Standard Option Model Limits (1/2/12)
  Breaking Monte Carlo II, Equilibrium Pricing (1/21/12)
  Corporate Governance: Incentive Pay with "Rolling Option Repricing" (5/31/12)
  PAC's: 0.90% Coupon, 150% Premium, 33-Year Callable Convertibles (7/22/16)
  LSO's: Beating Annuities by 50%; A Practical Plan for Funding Extra Long Retirement (2/21/17)






For information, call -
908 264-2545

MG Holdings/SIP - 

Where CFOs bring their companies to capitalize on equity undervaluation
Related Publications and Sites of Interest
                 MG Holdings/SIP, Summit, NJ 07901     tel. 908 264-2545