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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ACKNOWLEGDEMENT Alhamdulillah‚ first of all we would like to thanks Allah SWT for giving us the opportunity to live in this world and a good health also giving us the chances to complete this assignment with flying color. This assignment was prepared for subject Principle od Entrepreneurs (ENT 530)‚ Universiti Teknologi Mara (UiTM). Secondly‚ we would like to express our deepest thanks to Madam Azita binti Aboo Bakar ‚ our lecturer for this subject ENT 530 and for guiding us for this semester 4 to
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GROUP MEMBERS Ahmad Hazrul Hakim bin Anuar Wan Nur Hazirah bt Wan Sukri Noor Azmina Syafawati bt A. Hamid Nurul Izaty Bt Mohd Aziz ORGANIZATION BACKGROUND • Kenny Rogers Roasters (KRR) is a chain of chicken-based restaurant. • KRR is now part of Malaysian under Berjaya Corporation Berhad. • KRR is a franchise company owned by KRR International Corporation. • 74 restaurants in Malaysia and 8 in Indonesia. • Brand tagline is “less fat‚ less salt‚ less calories” • Muffins‚ jacket potatoes‚ vegetable
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PROFILE Pizza Hut is one of the flagship brands of Yum! Brands‚ Inc.‚ which also has KFC‚ Taco Bell‚ A&W and Long John Silver’s under its umbrella. Pizza Hut is the world’s largest pizza chain with over 12‚500 restaurants across 91 countries In India‚ Pizza Hut has 137 restaurants across 36 cities‚ including Delhi‚ Mumbai‚ Bangalore‚ Chennai‚ Kolkata‚ Hyderabad‚ Pune‚ and Chandigarh amongst others. Yum! is in the process of opening Pizza Hut restaurants at many more locations to service a larger
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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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Demand Estimation After studying this chapter‚ you should be able to: 1. Discuss how the firm’s managers use the information about demand for its product to determine correctly its profit-maximizing rate of output and price‚ or whether to produce a particular product at all. 2. Discuss demand respond to consumer income increase or decrease as a result of an economic expansion or contraction. 3. Specify the components of a regression model that can be used to estimate a demand equation. 4. Interpret
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Pizza Hut‚ Inc. Introduction Pizza Hut‚ Inc. is the largest pizza restaurant in the world in terms of both the number of outlets and the percentage of market share it holds. On June 15th‚ 1958‚ two brothers Dan and Frank Carney opened the first Pizza Hut restaurant in Wichita‚ Kansas. A friend suggested to them that they should open a pizza palor‚ the brothers agreed that the idea could prove successful. The Carney brothers borrowed $600 from their mother to start the business with friend John Bender
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Banana Pizza Ravioli Once upon a time there was a lady. She was a coloured lady‚ in a red jacket. The jacket probably came from a thrift store‚ because it wasn’t a very fancy jacket. The lady though‚ is the focal point of my story‚ more so than the jacket. This is my thesis statement. See‚ the lady was afraid of cameras. The flashes caused her pupils to dilate‚ her head to twitch‚ and her mind to explode… Well‚ the last one’s false‚ but it sounded like a decent additive to the story. So anyways
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RUNNING HEADER: American Women ANDREA REED SS360: American Women Prof: Kevin Muir [THE HISTORY OF WOMEN:THE DOMINO EFFECT] KAPLAN UNIVERSITY October 22‚ 2013 The History of American Women: The Domino Effect-1 Introduction The journey of American Women in their struggle for equality has been a long and hard one‚ and has depended on the contributions of many women down through history. This paper will examine the events that started in Seneca Falls in 1848 and made its way to the campaign for
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INTERACTIVE SESSION: ORGANIZATIONS DOMINO’S SIZZLES WITH PIZZA TRACKER When it comes to pizza‚ everyone has an opin ion . Some of us think th at our current pizza is just fine the way it is. Others h ave a favorite pizza joint th at makes it like no on e else. And m any pizza lovers in America agreed up until recentl y that Dom ino ’s home-delivered pizza was amo ng the worst. The home-delivery market for pizza cha ins in th e United States is approximat ely $15 billion per year. Domino’s‚ which
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