Do home building mergers and acquisitions put value on home building company sellers above and beyond the fair market value of the tangible and intangible assets of the company. This piece from M&A pro Michael P. Kahn and his partner Peter Hazeloop, serves as a rebuttal to BIG BUILDER columnist Jamie Pirrello's assertions on M&A valuation. Kahn and Hazeloop focus what a seller's worth to each unique buyer, each for separate and distinct motivations. Is the issue GAAP accounting terminology? What's your take?