In this class, we talked about how story breaks, shifts and changes can change your valuation. Since some of you will be dealing with new earnings reports, I thought you may find these two posts of interest in how narratives shift, and with them, values:
Reacting to Earnings Reports: http://aswathdamodaran.blogspot.com/2014/08/reacting-to-earnings-reports-lets-get.html
Narrative Resets: http://aswathdamodaran.blogspot.com/2015/08/narrative-resets-revisiting-tech-trio.html
We started with two conventional valuations, one of Con Ed, another of 3M.
Start of the class test: http://www.stern.nyu.edu/~adamodar/pdfiles/eqnotes/tests/loosends2.pdf
Post Class Test: http://www.stern.nyu.edu/~adamodar/pdfiles/eqnotes/postclass/session13test.pdf
Post Class Test Solution: http://www.stern.nyu.edu/~adamodar/pdfiles/eqnotes/postclass/session13soln.pdf