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Old 05-04-2011, 06:49 AM   #1
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(CNN) -- A National Guard helicopter made a tight landing Tuesday to rescue Boy Scouts who were missing after a weekend camping trip in an Arkansas national forest, officials said.

Early Tuesday, the six scouts and two leaders from Lafayette, Louisiana, Troop 162 shined flashlights overhead at the crew of the Arkansas National Guard LUH-72 helicopter. The crew, using night-vision equipment, was searching the Albert Pike Recreation Area in Ouachita National Forest, said National Guard Capt. Chris Heathscott.

Heathscott, who was on board the helicopter, said the scouts "appeared to be in perfect health and in good spirits."

Scoutmaster Jeff Robinson said the troop was stranded by high water. "We were just waiting for the river to go down so we could cross it,5 classics," he told CNN affiliate KTHV.

The helicopter crew dropped two duffel bags with ponchos, blankets, water and food after first spotting the scouts, Heathscott said.

The chopper returned at daybreak Tuesday and had to land twice in a narrow area surrounded by water and woods.

"It was a precision method," Heathscott said of work done by pilot Chief Warrant Officer David Specht and co-pilot Chief Warrant Officer Todd Adams. "It was unbelievable,5 finger shoe," Heathscott added.

Art Hawkins, scout executive for the Evangeline Area Council of Boy Scouts of America, said Monday that officials were confident the troop was safe, saying the troop's scoutmaster was very experienced and serves as a backpacking trainer. The average age of the youths is 14, he said.

Officials said the area had no cell phone service.

The scouts themselves appeared to take the incident in stride. "It was just another day of camping," one of them, Blake Dugas, told KTHV on Tuesday.

"They seems to be more excited about being able to ride in a helicopter than being rescued," Heathscott told CNN.

Arkansas State Police were prevented from conducting an aerial search on Monday because of the weather, Hawkins said. A lack of cell service in the area also hampered search efforts, he said.

The area being searched was near the scene of flash flooding last summer that killed 20 people.

The Ouachita National Forest,5 finger running shoes, the South's oldest and largest national forest, is a sprawling wilderness of 1.6 million acres, according to the Montgomery County Sheriff's Office. There are 480 miles of hiking trails and an abundance of campgrounds.
CNN's Rick Martin, Phil Gast and Dave Alsup contributed to this report.
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Old 05-04-2011, 06:56 AM   #2
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A valuation is based on a hypothetical sale of the company, so two critical issues need to be well defined from the beginning – 1) exactly what is being sold (valued), and 2) who is the most likely buyer.What is Being Valued? Businesses are generally sold in two types of transactions – asset or stock sales. A stock sale involves selling the shares of the stock of a company that operates as a corporation. Most buyers are not interested in a stock sale because it involves acquiring liabilities – existing, contingent and potential. An asset sale gives the buyer a clean start. Therefore, stock sales of small businesses are not common. Many valuation methods produce results based on stock sales,Christian Louboutin Flats, so the results must be adjusted accordingly.Asset sales involve selling the main operating assets of the company. That typically includes inventory; furniture, fixture and equipment (FF&amp E); leasehold improvements: and all intangible assets, commonly referred to as goodwill. The intangible assets include items like: customer list, trade name, telephone numbers, assembled workforce, etc. These assets are typically sold free and clear of all liabilities. Cash, trade receivables and payables, and miscellaneous assets or liabilities are commonly excluded from the sale. If the owner also owns the company real estate, it may or may not be included in the sale. The sale will also include the assignment of existing leases or contracts, or will be contingent on the buyer obtaining new ones. If the company operates under a franchise agreement or needs a specific type of permit or license like a liquor license, the sale will include the transfer of these items.Your business is most likely to sell as an asset sale, so determine which specific assets would be included in the sale. That way the results from the valuation methods used can be matched or adjusted to accurately reflect the assets being valued.Who’s Perspective? One company may have a number of different values. A buyer who will actively operate the company on a daily basis is buying a job as well as a company. So value should be based on earnings before deducting the current owner’s compensation. An absentee owner (investor) should base value on earnings after deducting the current owner’s compensation since someone would have to be hired to fill those duties. A strategic buyer that wants to plug the business’ customer base into their system would place greater value on sales or gross profits rather than earnings.The majority of small businesses are sold to other owner operators, so that should be your primary assumption. Only if your company has significant revenues or earnings, should you consider investment and strategic buyers as likely buyers.ConclusionIt seems like a no brainer you need to know exactly what you are valuing and who would be most likely to buy it, before you can value it. Many valuations skip this step and jump right into estimating the value of a company. A valuation missing these critical pieces is like valuing a coin based solely on its face value, even though it may be an extremely rare collector’s item.
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