The Loewen Group Memo To: Ray Loewen From: Dave Bassel cc: Professor Date: Re: SCI offer Dear Ray‚ Thank you for the opportunity to share my analysis with you regarding this most important topic. After giving careful consideration to the SCI offer and analyzing the bid from the view point of all Loewen stakeholders‚ I believe a rejection of the SCI offer is clearly warranted. We need to consider the long-term implications this would have on our stakeholders. Would they be better or worse off
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James Loewen was very accurate in his statement that “students in elementary schools and high schools been taught a history that demeans American Indians”. When I was in elementary school (I went to kindergarten in 1990)‚ students where taught that the pilgrims came over on the Mayflower in 1620. Than shortly after making landing they lived in a harmonious co-existence with the Native American peoples. After receiving what could be called an extremely “white washed” or “sugarcoated” version of early
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The Loewen Group Inc. (Abridged) Case Summary After decades’ dramatically expansion‚ the Loewen Group Inc‚ the second largest death care company in North America‚ went downhill abruptly in 1998. Compared with those in 1997‚ its net income decreased from $42.7 million to $599 million in deficit‚ meanwhile‚ its long-term debt due in one year increased by more than 2000%‚ from $43.5 million to $874.1 million‚ and total liabilities exceeded the total assets by $326.8 million (in US dollar). Because
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The Loewen Group Inc. Case Report – Session 3 Group 6 Executive Summary This report provides a qualitative analysis of the Loewen case study‚ starting from the excessive debt policy used in its expansion and ending with huge debt ratios and bankruptcy. The analysis includes the effect of the company’s policy and the financial distress it caused and results of such a financial condition. Method of Analysis: For the analysis we have used the historical financial data of the company‚ the
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Loewen Group Over the last two decades Loewen Group‚ a death care provider‚ had been growing by acquiring small independent funeral homes and cemeteries in densely populated areas but in recent years the company had also acquired several large established funeral chains. Over the last five years alone‚ Loewen had embarked on an aggressive growth strategy which accounted for consolidated revenues’ growth of nearly 30% a year on average from $303 billion to over $1.1 billion. This growth through
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and where I stand in this world. As a Mexican living in the United States history has really helped me understand why my family and I don’t have the same opportunity as white people. When I read the first 4 chapters to Lies My Teacher Told Me by James Loewen right away I was able to relate to what he was saying. Being a person of color learning history growing up I noticed that the history books only showed one point of view. A lot of the truth was covered up and that’s why now when I read something
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The Loewen Group Case Service Corporation International (SCI) has made an offer to purchase Loewen Group. The offer consists of paying $43 per share in a tax-free transaction. The total number of common shares at year end in 1995 (in thousand) are 48‚168. The cost of purchasing Loewen would be $43 x 48‚168 (in thousand) = $2‚071‚224‚000. The total amount of equity and debt for Loewen Group is approximately $3B. This includes the total non-current liabilities at approximately $1.15B. What
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The effects of social class in America James W. Loewen‚ essay “The Land of Opportunity‚” discusses how many times Americans don’t know about social classes and the effects they have on society. Loewen argues that the common American people aren’t given equal opportunity in this day in age. He says that American history books have great influenced what we see about the class system because a great deal of history is often left out. James Loewen begins “The Land of Opportunity” by saying that
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Ashley Walker Mr. Scott INTD 101-18: The Art of Seduction 29 September 2011 A False History James Loewen uses his piece Lies my Teacher Told Me to reveal the flaws in America’s mainstream textbooks. Loewen points out the fact that textbooks try to “indoctrinate blind patriotism” (Loewen 6) and “keep students in the dark about the nature of history” (Loewen 8). Almost every American textbook sells history using the “soft seduction” approach‚ as explained in Robert Greene’s book‚ The Art of
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Opportunities Threat of new entrants: The barriers to entry are high due to high fixed costs‚ lack of history in the local community‚ zoning regulation‚ and "not-in-my-back-yard" protests. Power of suppliers: Funeral consolidators such as Loewen group can put a great deal of pressure on suppliers to reduce prices. Power of buyers: The funeral home is usually the buyers first point of contact‚ therefore the funeral home has first chance at selling all related services and supplies.
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