Problem Kate Stark‚ the electric utilities analyst at First Equity Securities Corporation was faced with a decision involving FPL Group on May 5‚ 1994. Three weeks earlier‚ she had valued FPL with a “hold” recommendation due to the belief that FPL would either keep its dividend payout at $2.48 or increase it slightly. Today however‚ she saw a report from Merrill Lynch stating that they were downgrading FPL stock due to management’s concern that the dividend payout was too high given the increasing
Premium Cash flow Dividend Dividend yield
305010001 |ETP | |Business Policy | |Spring Semester‚ 2009 | |3 credit hours
Premium Strategic management
Question 1 We believe that Ms Stark should not revise her recommendation regarding FPL. The HOLD recommendation seems to be the most appropriate. Our judgement assumes a dividend cut from FPL. However‚ this dividend cut would be a precise strategic choice rather than one dictated by financing difficulties. Specifically‚ the dividend cut will raise future growth‚ with little effect on the stock price. By cutting dividends‚ FPL can react better to future threats. After an initial panic selling triggered
Premium Management Marketing Education
UVA-F-1188 DELTA BEVERAGE GROUP‚ INC. It was July 1994‚ and John Bierbaum‚ chief financial officer (CFO) of Delta Beverage Group‚ Inc.‚ sat at his desk at the company’s headquarters in Memphis‚ Tennessee. As he considered the company’s promising future‚ he reflected on how close Delta had come to bankruptcy a couple of years earlier. In the last six years‚ the group had managed to turn around operations‚ and recently it had been on a buying spree and had acquired significant new franchises
Premium Futures contract Cash flow Debt
Computer Task Group‚ Inc. v. Brotby United States Court of Appeals‚ Ninth Circuit‚ 2004. 364 F.3d 1112. FACTS: In 1995 William Brotby was hired by Computer Task Group‚ Inc. (CTG) as an information technologies consultant. Upon hiring‚ Brotby had to sign an agreement stating that he would be restricted to work for any CTG customers if he left the company. No more than two years later‚ Brotby left CTG and began to work for one of CTG’s customers known as Alyeska Pipeline Service Company
Premium Appeal Civil procedure
The Abacus Controversy The Goldman Sachs Group‚ Inc. was hit hard by the 2008 financial crisis as a result of its involvement in subprime mortgages‚ and was later rescued in a huge U.S. government bailout. On 16th April‚ 2010‚ the Securities and Exchange Commission charged Goldman Sachs and its vice president Fabrice Tourre for “defrauding investors by misstating and omitting key facts about a financial product tied to subprime mortgages as the U.S. housing market was beginning to falter.” It was
Premium
contact lens for use on chicken was originally designed by Robert Garrison and collaborations were made with Ronald Olson to test and refine the lenses In 1966 an investor saw the project feasible and they had formed a corporation; Optical Distortion Inc. The company was formed in response to huge opportunity lying due to inefficient practise of debeaking The process of debeaking carried a host of problems such as trauma‚ temporary weight loss‚ and retardation of egg production. The company had 2 most
Premium Chicken Competition Bird
Introduction to Statistics Assignment 1 – Kilgore Case Study Group Members Jayadeep P. Janani Sekar Karthik Shankar Manya Arora Mathura Vaidyanathan Date of Submission – 4th August 2015 Executive Summary Kilgore Manufacturing Inc. (KMI) has the opportunity to win a defence contract with Avionics by producing R-7 switches. KMI faces stiff competition from three competitors‚ all of whom will employ their resources in order to bid for extremely high production limits. The winning bidder must meet
Premium 3rd millennium Standard deviation
Crooked CEO gets 50 years jail In 2013‚ the founder of Peregrine Financial Group Inc. sentenced 50 years jail for stealing $250 million from investors and hiding his theft around 20 years. The U.S. Attorney Sean R. Berry of the Northern District of Iowa states that‚ for years seemed Russell Wasendorf‚ Sr. was a successful CEO of his own brokerage and respected member of his company‚ supporting local charity‚ and creating jobs. But in reality‚ “he was a con man who built a building on smoke and mirrors”
Premium Fraud Enron Accounting scandals
1. Title and Citations: Title: Matter of: In Re Bay Area Travel‚ Inc; Cruise Ventures‚ Inc; Tzell-AirTrak Travel Group‚ Inc. Citation: B-400442; B-400442.2; B-400442.3; B-400547; B-400547.2; B-400547.3; B ’400564; B-400564.2; B-400564.3 2. Facts: Bay Area Travel‚ Inc.; Cruise Ventures‚ Inc.; and Tzell-AirTrak Travel Group‚ Inc.‚ protest the issuance of three task orders to CW Government Travel‚ Inc. of Arlington‚ Virginia‚ issued by the Department of the Army under request for proposals (RFP)
Premium Protest Approximation Request for proposal