and have 34% marginal tax rates. Two cases were examined‚ an expected case and pessimistic case (see exhibit 2 and 8 for details of assumptions provided in the case). Also‚ we assumed there were only two financing options available for CPP. Valuation and Financing of Pinkerton. Based upon Wackenhut and the current market value of Debt and Equity of Pinkerton‚ we estimated the cost of capital of Pinkerton to be 14.25% (Calculation in exhibit 1). We evaluated the source of value from Pinkerton
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financial courses that I am looking for. For instance‚ the corporate finance courses and the equity valuation and derivatives courses that will broaden my knowledge in different ways. The corporate finance courses will provide me with a comprehensive understanding of financial concepts and tools and will prepare me to analyze and evaluate corporate financial planning and decisions. The equity valuation and derivatives will deeply enhance my (existing) knowledge on what I already know about the equity
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Comparable companies analysis – Done to determine appropriate valuation multiple for Crocs‚ Inc. • • Selected peer group based on industry‚ business and financial characteristics Included explosive growth stocks such as Lulelemon & Under Armour having similar prospects for growth and ROIC as Crocs‚ Inc. and some mature‚ stabilized businesses with stable industry growth rates – Nike‚ Deckers & Timberland. This mix will help us provide valuation from an aggressive sales growth and maturing sales context
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are the tradeoffs in using multiples versus the DCF analysis? Answer: DCF Valuation ; Martin forecast revenue for each year for from the firm’s financial data‚select appropriate discount rate based on WACC‚ discount each cashflow back to it present value‚ obtain the terminal value through an application of terminal value multiple‚ using DCF method‚ Martin calculates the price of Cox’s share to be $54.29. Multiple Valuation; Identify comparable firms that have growth‚ cashflow and risks similar to
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Nestle and Alcon- The Value of a Listing Executive Summary Nestle: In 2001: Groups net profits: CHF 5.7 billion (USD 3.5 billion) Annual sales: CHF 81.4 billion (USD 48.2 billion) Estimated global market share‚ Food and beverage industry: 1.4% Processed and branded products: 2.6% Contribution of top brands Nestle‚ Nescafe‚ Nestea‚ Maggi‚ Buitoni and Friskies: 70% of sales Two leading business segments (60% of sales): Beverages and milk products Nutrition and ice cream Reminder
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the case didn’t provide us with the financial statements for Monmouth‚ we can assume that in order to complete the acquisition they have to issue stocks as they exhausted (or will pretty soon exhaust) their debt capacity. 2. Based on the DCF valuation and using a WACC of 8.25% (the beta assumed to be 1‚ the average beta of comparable firms and the coupon rate to be 7.96%‚ the rate for BB rated companies) and a growth rate of 5.5%. The fair price is $40.4 per share for Robertson‚ lower than the
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Optimal Risky Portfolios 23 Chapter 9 The capital asset pricing Model 24 Chapter 11 The Efficient Market Hypothesis 25 Chapter 12 Behavioural Finance and Technical Analysis 26 Chapter 17 Macroeconomic and Industry Analysis 27 Chapter 18 Equity Valuation Models 28 Chapter 19 Financial Statement Analysis 29 Chapter 24 Portfolio Performance evaluation 30 Chapter 27 The Theory of Active Portfolio Management 31 Information about the unit Welcome to: BUS311 Investment Analysis
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Guide for assignment Executive Summary - Summarize the content of the whole report. Highlight anything that you feel is very important. About half to one page long Do not share with other content Opinion of value Mention your proposed selling price. Suggest whether your boss should buy the business or not. Support your claim. Should mention that opinion has been made under the assumptions and limiting conditions. About one page Do not share with other content Assumptions and Limiting
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Nike Executive Summary Kimi Ford manages a large mutual fund for NorthPoint Group. Her company is trying to decide whether or not to invest in Nike’s stock‚ which has been declining in price in the past year. Kimi has asked her assistant‚ Joanna Cohen‚ to estimate Nike’s weight average cost of capital (WACC) to help make this decision (Case 13‚ pg. 58). We looked at Joanna’s estimates and discovered a few problems that she made when estimating her cost of capital. We found Joanna’s estimates
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Assignment: Case No. 2 ACTG 4650‚ Phillips Due date: June 28‚ 2012 Trueblood Case 04-9 Healthcare Depot‚ Part 3 only. You will find the case at the following website. Just pagedown to find case 04-9. http://www.deloitte.com/us/truebloodcases Since we are not doing parts 1 and 2‚ assume that DDC Distribution and HC Holding are aggregated to be one reporting unit. Type your answers using Microsoft Word. “Goodwill is defined as an asset acquired in a business combination
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