COMPASS RECORDS BACKGROUND Compass records is a small‚ independent music recording company and co-founded in 1994 by musicians Alison Brown and Garry West. Compass is a new breed of roots-music label: eclectic‚ sophisticated‚ and artist-friendly. It is called “one of the greatest independent labels of the last decade” by Billboard Magazine‚ Compass Records has provided a thriving haven of creativity for artists and a reliable beacon of quality for music fans. Its 2006 acquisition of the Green
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Case #19 Compass Records Synopsis and Objectives The cofounders of Compass Records‚ a small‚ independent music recording company‚ must decide whether to produce and own the next album of an up-and-coming folk musician‚ or simply license her finished recording. The case presents information sufficient to build cash flow forecasts for either investment alternative. The task for the students is to build a valuation model for the two capital investment alternatives‚ whereby they can evaluate the
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Backgrounds Alison Brown and her husband Gary West‚ who were both musicians‚ founded compass Records in 1995. Compass Records is a small independent recording company that centered on folk and roots music. Compass Records occupies only a tiny part of the 32-billion dollar music recording industry‚ competing with some multi-national corporations dominating 86% of the business‚ such as Sony/BMG‚ Universal Music Group‚ Warner Music Group‚ and EMI. However‚ the industry has witnessed a stagnant growth
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Descriptions In 1993‚ Brown launched Small World Music in Nashville‚ Tennessee with husband Gary West and then went on to create Compass Records in 1995. Compass records is a small‚ independent artist-run company that established their niche in musical genres such as folk‚ roots‚ and celtic. In the context of the 2-billion dollar music recording industry‚ Compass Records has low market share in comparison to the multi-national corporations dominating the business. Brown was formally an investment
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The purpose of DCF-Valuation is to determine the value of a company in terms of its future cash flows. The cash flows are adjusted with certain items (e.g. those not related to company´s core businesses or those with no cash effect) in order to make sure the flows reflect the actually generated cash as good as possible. This document describes DCF valuation in detail and in our valuation model. If you would like to get an overview of valuation in general or practical examples (numerical and graphical)
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The case study presented a decision that needs to be made by Compass Records between owning and producing or licensed the recording rights for an up and coming Dublin folk music star‚ Adair Roscommon. Both scenarios offer different benefits and risks. Within the attached spreadsheet‚ each option has been analyzed based on their own specific cost structures over a span of year 0 – year 3‚ with equal sales figures. To begin‚ I will speak about the results of the two cash flow analyses‚ which
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Analysis of “Compass and Torch” By Elizabeth Baines Many children today‚ experience that their parents end up being separated. Unfortunately a separation is very likely to also make the relationship between the child and either the mother or father very complicated as well. In this story‚ we hear about an 8-year-old boy and his divorced parents – along with the mother’s new man‚ Jim. First of all‚ it doesn’t seem like the boy and his dad sees each other very often. The man and his son are spending
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DCF Modeling Copyright 2008 © by Wall Street Prep‚ Inc. ***************************** SAMPLE PAGES FROM TUTORIAL GUIDE ***************************** Table of contents SECTION 1: OVERVIEW DCF in theory and in practice Unlevered vs. levered DCF SECTION 2: MODELING THE DCF Modeling unlevered free cash flows Discounting to reflect stub year and mid-year adjustment Terminal value using growth in perpetuity approach Terminal value using exit multiple approach Calculating net debt Shares outstanding
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Our BBVA Compass Review found that BBVA Compass is not the bank for you if you do not live in one of the seven states in which it has branches. BBVA Compass is one of the largest 25 banks in the US. It has 688 branches and half of them being in Texas. Since 2007‚ they have been a subsidiary of the Spanish multinational bank Banco Bilbao Vizcaya Argentaria. They operate in the Sunbelt region with branches in Texas‚ Alabama‚ California‚ Arizona‚ Colorado‚ New Mexico and Florida. If you do not live
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Compass- is a navigational instrument that shows directions in a frame of reference that is stationary relative to the surface of the earth. The frame of reference defines the four cardinal directions (or points) – north‚ south‚ east‚ and west. Intermediate directions are also defined. Usually‚ a diagram called a compass rose‚ which shows the directions (with their names usually abbreviated to initials)‚ is marked on the compass. When the compass is in use‚ the rose is aligned with the real directions
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