California Pizza Kitchen Chris Schroeder FI 602: Financial Strategy and Valuation Fang Chen September 21‚ 2012 Introduction In July of 2007‚ California Pizza Kitchen (CPK)‚ a casual dining pizzeria started in California by co-owners Rick Rosenfield and Larry Flax‚ was faced with the decision to invest in a stock repurchase program. Led by Chief Financial Officer Susan Collyns‚ the financial team of CPK was reviewing the preliminary results for the second quarter to determine if the stock
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January 31‚ 2013 The Kitchen Table Never have I taken the time to think of the significance of the kitchen table in my life‚ but I have come to realize that my kitchen table has always been a place to unwind and share with my family members. From childhood to my adult hood‚ I have always come to the kitchen table in celebration‚ conference‚ in search of security‚ and enjoyment. The kitchen table of the past always brought my family together‚ and the table in my present brings focus to my school
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Once it arrives at the local store‚ it may or may not be able to be stored in conditions to maximise the nutrient value and it is definitely many times higher in cost than what would be paid in urban areas. Often there is also not the appropriate kitchen and cooking facilities to be able to prepare the fresh food into proper meals. Under nutrition can lead to susceptibility to disease in addition to specific disorders. An increase in food and fluid energy intake (particularly with a energy dense of
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Assumptions leads to destruction. An assumption is basically believing something is true without actually having proof. In the book The Kitchen House assumptions is a huge theme throughout the book‚ characters in the book held judgement on things they didn’t know the full facts about. These assumptions caused them to make decisions they would have thought different about if they knew the truth. For instance there was many examples in the book‚ for example when Lavinia first arrived at Tall Oaks
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REPORT OPERATIONS MANAGEMENT KITCHEN MADE PIES I. PROBLEM STATEMENT • How will the company cope up with the stagnant sales of Kitchen Made Pies? • How will the company reduce the production cost of Kitchen Made Pies and still maintain the quality of its products? • Does purchasing new equipment really necessary for the operation and how will it be financed? Does borrowings in the bank beneficial for the company? • Should Kitchen Made Pies limit the numbers of
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Basic Kitchen Organization Food Processing Kitchen (Commissary Kitchen) - In large operations‚ it is a kitchen for the processing of all vegetables‚ salads and fruits - Purpose: to wash peel and sanitize and cut all raw products‚ increase hygienic and sanitary standards of a kitchen‚ reduce waste Cold/Pantry Kitchen (Garde Manger) - Produces all cold food items – salads‚ dressings‚ cold platters‚ terrines‚ pates‚ sushi/sashimi‚ cheese‚ fruits‚etc. - If there is no in-house butchery‚ also
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UVA-F-DRAFT Version 1.0 CALIFORNIA PIZZA KITCHEN Everyone knows that 95 percent of restaurants fail in the first two years‚ and a lot of people think it’s ‘location‚ location‚ location.’ It could be‚ but my experience is you have to have the financial staying power. You could have the greatest idea‚ but many restaurants do not start out making money – they build over time. So it’s really about having the capital and the staying power. — Rick Rosenfield‚ Co-CEO‚ California Pizza Kitchen1
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for their other branches in the future expansion. It shows the name of the supplier‚ items to buy‚ the date and its status‚ name of supplier‚ and canvassing sheet for comparison of selected prices in different supplier. The similarity of the our kitchen point of sale from the purchasing‚ inventory and sales monitoring system for hobby station is that they are both designed to fasten transactions and be a way of improvement for each company. The difference is that the .... COMPUTERIZED ROOM
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Preparatory Questions for California Pizza Kitchen 1. In what ways can Susan Collins facilitate the cusses of CPK? 2. Using the scenarios in case Exhibit 9‚ what roles does leverage play in affecting the return on equity (ROE) for CPK? What about the cost of capital? a. Leverage increases Beta for the firm since debt to equity ratio increases from unlevered beta. We use 10 year Treasury bond as our risk free rate and for market risk premium we use current prime lending rate for June 2007
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CALIFORNIA PIZZA KITCHEN The case we studied this time is CPK‚ which is a restaurant with creative menu‚ high quality of foods‚ nice dinning environment‚ good dinning atmosphere‚ convenient traffic location and etc. The case discussion this time was more focused on the numerical data instead of strategy analysis. Although it’s not so easy for me to catch up with all information that the present group show‚ I think it’s really interesting. The main problem we need to discuss is how to raise the declining
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