to prevent something bad from happening‚ without thereby sacrificing anything of comparable moral importance‚ we ought‚ morally‚ to do it.” The Weak Singer Principle: “If it is in our power to prevent something very bad from happening‚ without sacrificing anything morally significant‚ we ought‚ morally‚ to do it.” Consider the Strong Singer Principle. He explains that “by without sacrificing anything of comparable
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traffic. The idea of generating revenue from factory stores fortunately became a success business model for Coach. “Coach’s factory stores had outperformed full-price stores in terms of comparable store sales growth during 2005 and 2006‚ with comparable factory store sales increasing by 31.9 percent during 2006 and comparable full-price store sales increasing by 12.3 percent during the year”(p.109). Overall‚ Coach was able to differentiate their business expertise from all other competitors
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beta of comparable firms and the coupon rate to be 7.96%‚ the rate for BB rated companies) and a growth rate of 5.5%. The fair price is $40.4 per share for Robertson‚ lower than the $50 offered by Simmons to sell their stocks but higher than the current market price of $30. As for the peer multiples‚ and due to the lack of information for the comparable companies we only managed to calculate the EBIAT multiple‚ the earnings multiple and the book value multiple using the three comparable companies
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Harris seafood As a shrimp industry Harris Seafood Inc. is one of the biggest producers of frozen shrimp in the United States. Company has reached approximately $33mln of sales by 1979. Despite the risks of supply and demand of shrimp‚ company has been very successful in terms of average profitability. Our role as analysts was to decide whether processing plant project is a worthwhile addition to Harris Seafoods. Analyst assumptions The valuation of the firm starts in year 1980. The 48% marginal
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893 VALUATION Relative Valuation – Based on Multiples Bharti Airtel and Zain Africa recently announced signing of the definitive merger agreement‚ wherein Bharti will acquire African operations of Zain Group. The deal was valued at an enterprise value of USD 10.7 billion or on an 8.2x EBITDA Multiple. Goldman Sachs has invested USD 450 million in online social networking portal Facebook‚ which is valued as the number one social networking network at USD 50 billion. At an enterprise value
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underlying value of the business/assets against which debt is being issued? 3 J.P. Morgan uses a number of valuation methodologies Valuation methodologies T O I N T R O DU C T I O N Comparable transactions analysis “Public Market Valuation” VAL U AT I O N Publicly traded comparable companies analysis “Private Market Valuation” “Intrinsic” value of
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grew 1% and comparable currency neutral net revenues grew 6%. Year-to-date reported net revenues grew 3% and comparable currency neutral net revenues grew 6%. Third quarter reported operating income and comparable currency neutral operating income both grew 1%‚ in line with our expectations. Year-to-date reported operating income grew 5% and comparable currency neutral operating income grew 4%. Currency represented a 5% headwind on comparable net revenues and a 7% headwind on comparable operating income
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"McDonald’s global results for the quarter demonstrate the resilience of our Plan to Win and our ability to execute successfully. Comparable sales and guest count increases across all segments‚ highlighted by June’s strong results‚ drove double-digit operating income and earnings per share growth. The Company reported the following highlights for the quarter: Global comparable sales increased 5.6%‚ with the U.S. up 4.5%‚ Europe up 5.9% and Asia/Pacific‚ Middle East and Africa up 5.2% Consolidated operating
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determine cost of equity for Firm A. We know that Firm A’s target debt-toequity ratio is 1.50. We also know that there is a comparable firm which has exactly same lines of business and therefore is expected to have the same level of business risk as Frim A. The equity beta of the comparable firm is known to be 1.80. The market value of equity and the market value of debt of the comparable firm are $400 million and $200 million‚ respectively. The corporate tax rate is 20%. Based on the information given
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Harris Seafood Answer the following questions a. Should Harris Seafoods enter the shrimp processing business by building the new plant? Please assume the firm will be unable to use the Industrial Revenue Bond financing mentioned at the end of the case (we will return to this topic in a later case). Yes‚ I think that this company should build a new plant that allows them to grow in the industry‚ even if they are unable to use the Industrial Revenue Bond‚ they will have other financing alternatives
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