Flooring: Declining Housing Market Significantly Impacting Supply and Demand
Read more.
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KEY FACTORS INFLUENCING VALUE:
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SUPPLY - projected
decrease
- Value of the dollar
- Environmental concerns
- Transportation costs/import tariffs
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DEMAND - projected decrease
- Housing starts
- Consumer confidence
- Troubled market leaders
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Coal: Worldwide Coal Outlook Bullish – Steady Supply; Increased Demand
Read more.
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KEY FACTORS INFLUENCING VALUE:
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SUPPLY - projected stability
- Proven reserves
- Exporters
- Transportation
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DEMAND - projected increase
- International markets
- Power
- Environment
- Steel
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Coke: Due to Strong Link to Coal, Anticipate Increased Supply and Demand
Read more.
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KEY FACTORS INFLUENCING VALUE:
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SUPPLY - projected
increase
- Decrease in U.S. imports
- Increased price of coal
- Plant expansion attempts to increase supply
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DEMAND - projected increase
- Structural issues of demand
- Commodity pricing
- Demand for steel
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In the past month, AccuVal has provided services to the following industries. Contact us for current industry trends and updates!
- Aerospace & defense
- Agricultural
- Automotive
- Chemical
- Circuit board & semiconductor
- Communications
- Electronics
- Environmental services
- Food processing
- Forestry, lumber & wood products
- Healthcare & pharmaceutical
- Metalworking
- Oil & gas
- Plastics & rubber
- Primary metals
- Printing
- Retail & consumer products
- Stone, clay & glass products
- Textiles & apparel
- Transportation
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| Indicator |
Effective Date |
Current |
3 Mos |
Prior Year |
| Chinese Coke |
Nov. 20, 2007 |
410 |
290 |
190 |
Key Trend: Coke prices rising dramatically; driven by Chinese market conditions. $320-340/tonne FOB in September to $390-410/tonne FOB in November. Australia, Canada, and the US have increased exports at 11%, 5.2%, and 12.8% change year on year but with Chinese reducing exports 28.8% (Ch YoY) and increasing imports 11.4% coking coal supply is likely to remain tight internationally. Increased demand of coking coal and restrictions in the supply of coke will keep prices buoyant in the short term.
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| Electricity Production PJM W. Hub |
Dec. 21, 2007 |
57.88 |
61.39 |
68.75 |
| Electricity NYISO Zone G LBMP |
Dec. 21, 2007 |
108.70 |
79.30 |
83.80 |
| Lumber - CME |
Dec. 21, 2007 |
241.50 |
261.00 |
295.50 |
| Dow Jones US Coal Index |
Dec. 21, 2007 |
419.11 |
295.79 |
246.83 |
| Amex Steel Index - Steel |
Dec. 21, 2007 |
2720.12 |
2082.17 |
1234.06 |
| Advance Monthly Sales for Retail |
Dec. 13, 2007 |
$385.8 billion |
$380.5 billion |
$362.9 billion |
| Index of Consumer Sentiment |
Oct. 2007 |
75.50 |
80.90 |
91.70 |
| Housing Starts Annual Rate |
Dec. 18, 2007 |
1,187,000 |
1,178,000 |
1,565,000 |
| Housing Completions Annual Rate |
Dec. 18, 2007 |
1,344,000 |
1,436,000 |
1,885,000 |
| Building Permits Annual Rate |
Dec. 18, 2007 |
1,152,000 |
1,178,000.00 |
434,000 |
| Bankruptcy Filings |
3rd Quarter |
7,167 |
6,705 |
5,586 |
| Railroad Transportation |
Dec. 21, 2007 |
-0.41% |
-0.49% |
1.39% |
| Retail (Home Improvement) |
Dec. 21, 2007 |
+0.92% |
-1.20% |
+2.35% |
| Construction (Supplies & Fixtures) |
Dec. 21, 2007 |
+1.79% |
+1.28% |
+1.42% |
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FEATURED ARTICLE
Sister Company, LiquiTec Industries, Conducts Orderly Liquidation of $50,000,000 Inventory
 LiquiTec was one of four firms that competed to oversee and coordinate the UCC Article 9 secured party orderly liquidation.
Read more.
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FEATURED SUCCESS STORY
Disposition Strategy Implemented While Managing Crisis
 AccuVal Devised & Implemented a Crisis Plan to Secure and Dispose of Specialized Plastics Machinery
Bottom Line: Proceeds of asset sale match AccuVal's appraisal.
Read more.
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ASK AN APPRAISER
Q: What is the difference between a Forced Liquidation Value and an Orderly Liquidation Value?
A: The definitions are similar for Forced Liquidation Value (FLV) and Orderly Liquidation Value (OLV) with one key difference – the sales period, which can impact the prices obtained during the liquidation.
Read more.
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Deferral of Statement 157 for Financial Assets and Liabilities Rejected by FASB
In the November edition of the AccuVal AdVisory, we provided an overview of the New Fair Value Rules that the Financial Accounting Standards Board (FASB) was issuing: FAS 157 – Fair Value Measurements.
The FASB held a board meeting on November 14, 2007, reaffirming its vote against a blanket deferral of FAS 157. Companies with fiscal years beginning after November 15, 2007, will be required to implement the standard for financial assets and liabilities, including any other assets and liabilities that are carried at fair value on a recurring basis in financial statements. However, a one year deferral for the implementation of FAS 157 for nonfinancial assets and liabilities has been granted.
To recap, FAS 157 defines fair value, establishes a framework for measuring fair value in generally accepted accounting principles (GAAP) and expands disclosures about fair value measurements. It requires that Fair Value be measured as a market-based measurement and not as an entity-specific measurement, based on assumptions market participants would make in pricing the asset or liability. |
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With a more tragic theme than Jeff Foxworthy's comic "You might be a redneck ..." series ... our Director of Tax, Mindy McLees, CMI discusses some obvious and not so obvious ways to determine if you may be paying too much in property tax ... and what to do about it.
You might be paying too much in property taxes if ...
... you filed for protection under Chapter 13. Read more.
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AccuVal provides a full suite of valuation, advisory and asset management solutions used for financial reporting, leveraged finance, litigation support, risk management and tax purposes. With 100+ professionals in 12 offices throughout the world, AccuVal provides reliable appraisals of machinery, inventory, real estate, A/R, businesses and intangible assets in more than 100 industries.
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