by Deezium November 15, 2023
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Get the magic glitter sparkles mug.by Mac Donald James November 23, 2021
Get the Magic Fen mug.The practice of manipulating a financial model to maintain a 2.0x return despite discovering negative information during diligence. This is often achieved by increasing exit multiples, reducing Capex, manipulating working capital assumptions, increasing revenue growth rates and increasing gross margin assumptions among other tactics. This is also sometimes referred to as goal seek modeling where every factor other than purchase price is adjusted to arrive at the desired outcome.
Associate 1: I have some bad news, the Target's recent results are well below the banker model and suggest that the declining revenue and margins are continuing vs turning around.
Associate 2: No problem, I'll just apply a little Model Magic and the return will still be 2.0x
Associate 2: No problem, I'll just apply a little Model Magic and the return will still be 2.0x
by Finance101 August 11, 2024
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Get the saturday night magic mug.Yo I coulda sworn they stepped out for a second how did I not notice them walk past me beaming ? Meth magic bro
by Mrdancodered94 October 7, 2022
Get the Meth Magic mug.The act of merging onto a limited-access highway without checking mirrors or getting to proper speed; usually involves following the white line all the way into regular traffic by a driver oblivious to other vehicles on the road.
"On the way to work this morning I almost got in a wreck when this bitch just magic merged right in front of me!"
by terafunker July 19, 2009
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