umd.edu‚ Office Number: (301) 405-3412 Teaching Assistants: CP Sessions: Qi Xu‚ qi.xu@rhsmith.umd.edu (hold help sessions in CP‚ grade all homeworks and cases for session 0501‚ and grade hw #1‚2‚3 and case #1‚2‚3 for session 0502) DC Sessions: Julia Zhu yantong.zhu@rhsmith.umd.edu (hold help sessions in DC‚ grade all homeworks and cases for session DC C1‚ and grade hw #4‚ 5‚ 6‚7 for session 0502) Help Sessions: Mondays: 7:30-8:30pm @VMH‚ Room: VMH 1505 Mondays: 5:00-6:00pm @DC‚ Room: C2
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Blaine Kitchenware: Capital Structure Summary: Blaine Kitchenware‚ Inc. was founded in 1927 and as a mid-sized producer of branded small appliances primarily used in residential kitchens.BKI had just under 10% of the $2.3 billion U.S. market for small kitchen appliances. For the period 2003–2006‚ the industry’s annual unit sales growth was 2%. During the year ended December 31‚ 2006‚ Blaine earned net income of $53.6 million on revenue of $342 million.Cause recent shift toward higher-end product
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Memorandum To: Blaine Kitchenware Inc. Board of Directors CC: Mr. Victor Dubinski From: Date: 1/13/2013 Re: BKI stocks repurchase To review Blaine Kitchenware Inc.’s (BKI) current debt‚ equity and leverage levels with respect to the highly advisable repurchase of 14 million shares of stock at $18.50 per share and the related‚ necessary financing. BKI is currently highly over-liquid and under-levered. The firm can anticipate elevated tax rates due to the lack of debt held. BKI has also
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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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Evaluation on Share Repurchase Proposal of Blaine Kitchenware Inc. Group 7 Contents Executive Summary 3 Overview of problems 3 Analysis on Capital Structure & Payout Policies of Blaine 3 1. Inappropriate current capital structure and payout policies 3 2. Advantages and disadvantages of large share repurchase proposal 4 a. Effects of share repurchase on assets‚ liabilities and equity on balance sheet 5 b. Effects of share repurchase on debt ratios and interest coverage ratio 5 c. Effects of
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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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Blaine Kitchenware Inc. | Take-Home Case Assignment BSAD 342 Prof. Vishwakarma | Grady McQuillanJoe MackayMitch ChownAlessandro Galeone | Discussion questions * Do you believe Blaine’s current capital structure and payout policies are appropriate? Why or why not? * The current capital structure and payout policies for Blaine’s Kitchenware Inc in our opinion is not the most appropriate. The firm’s structure is invested primarily in equity‚ for the
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Questions for the Blaine Kitchenware‚ Inc. Capital Structure Case 1. From reading the case‚ do you believe Blaine’s capital structure and dividend payout policies are appropriate? Why or why not? 2. Should Victor Dubinski recommend a share repurchase to Blaine’s board? What are the expected advantages and disadvantages of such a move? 3. We are not provided a precise share repurchase proposal from the case. Begin by considering the following one: a. Blaine will undertake
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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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