Aaron M. Stumpf, Director - Valuation & Financial Opinions, published an article titled “Should Substantial Discounts Apply to Very Short Holding Periods?” in the July 2011 issue of Trusts & Estates Magazine.  In this article, he describes how The SRR Restricted Stock Study can reasonably be used to support applying discounts for lack of marketability (DLOM) to investments that lack liquidity over a relatively short holding period.

Click here to read the full article.