FIN475 Spring 2011 Group Assignment 3 “Blaine Kitchenware‚ Inc.: Capital Structure” Due: Thursday‚ March 24‚ 2011 Instructions: • This is a group assignment. • Prepare a memo from your group to address the items found below. Please limit your memo to no more than three pages of text. You may use as many pages of exhibits as you deem necessary. However‚ you will only want to provide exhibits that you discuss in your memo. • Presentation counts. Make sure to proof you memo for spelling
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Blaine Kitchenware is a company that has occupied the industry for over 80 years and continues to gain control in the market it occupies. As the CEO of the company‚ Mr. Dubinski is dealing with a challenging decision of determining what is best for the family company. He currently feels that the capital structure of the company needs adjustment. He is contemplating the idea of decreasing his equity while increasing his debt in order to increase the value of the company. Dubinski is attempting to
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Executive Summary: In summary‚ recommendation by the banker to buy back 14 million outstanding shares of Blaine Kitchenware with $ 50 million debt and $209 million cash in hand would result in following financial metric changes: * Increase the value of the firm through the benefit of tax shield from current $960million to $1.063billion. * The offer results in 3% increase in EPS from $0.91 to $0.93 based on 2006 financial numbers. * An increase of 7.3% on ROE from 11% to 18.3% based
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THE FIRM IN THE CAPITAL MARKET PROFESSOR: STEVE JONES 11/10/2013 MEMORANDUM To: Victor Dubinski‚ CEO of Blaine Kitchenware‚ Inc. From: Zhangkai Zhou Kelley School of Business MSA student Subject: Is it a good idea for BKI to repurchase its own stocks? Date: Nov 19‚ 2013 There is a banker pointed out that BKI is currently highly over-liquid and under-levered. He suggested to borrow money and to buy back own shares. In detail‚ the proposal is
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OCTOBER 8‚ 2009 TIMOTHY LUEHRMAN JOEL HEILPRIN Blaine Kitchenware‚ Inc.: Capital Structure On April 27‚ 2007‚ Victor Dubinski‚ CEO of Blaine Kitchenware‚ Inc. (BKI)‚ sat in his office reflecting on a meeting he had had with an investment banker earlier in the week. The banker‚ whom Dubinski had known for years‚ asked for the meeting after a group of private equity investors made discreet inquiries about a possible acquisition of Blaine. Although Blaine was a public company‚ a majority of its shares
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Blaine Kitchenware‚ Inc.: Capital Structure Course in Strategic Finance University of Vienna‚ 2015 Mila Dineva‚ 1153546 Blaine Kitchenware‚ Inc. • • • • • founded in 1927‚ small appliances for kitchens Public company‚ mainly controlled by the family 10% of the $ 2.3 bill. market 1994 – IPO In the 90’s – moved its production abroad Financial figures • • • • Over-liquid and under-leveraged‚ no debt 2% sales growth 2003-2006 11% p.a. annual returns for shareholders 2004-2006 $53.6 mil. Net income
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BLAINE KITCHENWARE INC. Blaine Kitchenware was a mid-sized producer of small appliances primarily used in residential kitchens. By 2006‚ the company’s products consisted of a wide range of small kitchen appliances including deep fryers‚ griddles‚ toasters‚ ovens etc. Blaine had just under 10% of the $2.3 billion U.S. market for small kitchen appliances. For the period 2003 to 2006‚ the industry posted modest annual unit sales growth of 2%. In 2006‚ 65% of its revenue was generated from shipments
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CVI Ware reports to work in a clean and neat uniform. His hair is within regulations and shoes are shined. 2-3. CVI Ware welcomes corrective criticism and is responsive to any advice which will enhance his work performance. He displays a positive attitude towards the FTO program 4. CVI Ware had no assigned General Orders this week. He did not follow policy when he gave a driver with an over-weight vehicle authorization to exit the scale facility through our back gate even through the driver would
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Kevin Ware was a young college basketball player with the Louisville Cardinals who aspired to be the best on the court. During a game against Duke‚ he suffered a grisly fracture to his right leg; it was one of the most horrifying sports injuries we’ve ever seen. The break is more common in bad motorcycle accidents. For his injury and to assist him coping with the injury‚ I would consider starting an individual performance skills training program to help him overcome some setbacks that he is
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