DAVID JONES - BUSINESS ANALYSIS AND VALUATION May 2012 ASB INVESTMENT RESEARCH T A B L E O F CONTENT 1. EXECUTIVE SUMMARY 2. DAVID JONES’ PROSPECT AND THE RETAIL INDUSTRY 2.1 INDUSTRY ANALYSIS 2.2 COMPANY ANALYSIS 3. ACCOUNTING AND FINANCIAL ANALYSIS 3.1 ACCOUNTING ANALYSIS 3.2 FINANCIAL ANALYSIS 4. FORECAST AND VALUATIONS 4.1 FORECAST ASSUMPTIONS 4.2 COST OF CAPITAL – WACC 4.3 VALUE OF DAVID JONES 5. CONCLUSION 6. REFERENCES AND APPENDIX ASB INVESTMENT RESEARCH 1. EXECUTIVE SUMMARY
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Executive Summary Advance Auto Parts Incorporated MGM 1304 A Rhondalyn Wright Colorado Technical University Dr. Erick Agular 11/11/2013 It is the end of the third financial quarter and some exciting news is being reported. Here is an excerpt from The Miami Herald: Posted on Thu‚ Oct. 31‚ 2013 Advance Auto Parts 3Q profit up 16 percent By MICHAEL FELBERBAUM AP Business Writer Advance Auto Parts says its third-quarter net income rose 16 percent as it benefited from its acquisition
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Executive Summary Leonard v. PepsiCo This case involved a contract dispute between Mr. John Leonard and PepsiCo Inc. arising from the claims that an advertisement by PepsiCo for a Harrier jet aircraft in exchange for Pepsi points was a valid contract. The court found that the advertisement was not an offer and ruled for the defendant. In order for a contract to be valid there must be agreement‚ consideration‚ contractual capacity and the object must be lawful. In an agreement there must
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I. Executive Summary A. Type of Business Nature The nature of the business is bee farming. The proponents’ primary purpose is to examine the impact of interventions in bee-keeping. Beekeeping (apiculture) does well in a wide range of agro-ecological zone and fits into a broader category of diversification of agricultural activities. The intervention provides an avenue for increased income. Name The proponent chose “BAMBU BEE FARM” as a business name. It’s because the word BAMBU
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Executive Summary In this report I discuss the comparison of competitive strategies between the two major departmental stores in Australia being David Jones and Target and how they differ from each other. I also discuss the current issues that are faced such as Global Financial Crisis that has had much impact on both stores as well as future threats such as online shopping which is believed to be the latest trend is shopping which has already affected the stores but could make competition even
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from the very beginning‚ start of the colony‚ the peak years as their civilization expands‚ the decline as the Queen goes weak‚ chaos as she dies and last of all collapse as a rival‚ vibrant colony senses their weakness and invades. In Trailhead by Edward Osborne Wilson‚ the life of the Trailhead Colony ants is described. The story starts with the death of the queen ant. Then it explains how the colony was created by her. It was not easy but it paid off with a successful colony that lasted decades
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I. Executive Summary Grief Counseling Center (GCC) is a non-profit organization established to provide counseling services for individuals who are suffering the loss of a family member. Services will be provided at a nominal fee. The Founder of GCC not only believes in the need for this service‚ but also is willing to devote his time and money to help those suffering from grief. Grief Counseling Center provides mental health services for a diversified clientele. Clientele ranges from young children
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Executive Summary Expedia and Priceline are the leading competitors of the online travel service. With travel being one of the Internets hottest commodities‚ these two companies have been in competition for the top spot. Both businesses offer great deals on hotels‚ car rentals‚ and most importantly travel accommodations. The financial post online interviewed Expedia’s managing director Sean Shannon about how he keeps the online travel superstore unique. He noted that they “invest a lot in technology
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EXECUTIVE SUMMARY 961 Beer: Launching a Lebanese Brewing Company To the attention of xxx Developing business in the brewing industry as thousands of tradition‚ always face of intense competition from existing competitors as well as new entrants. In additional‚ any manufacturers have difficult in expending production capacities and resources. This report aims to recommend how to continue growing business without compromising on quality in high competitive market and limited production capacities and
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Chapter three “Divine Illumination:The Secret of Christian Progress” focus on one man‚ whose name is Jonathan Edwards. He was English Puritan. He preached sermon‚ which the title is “A Divine and Supernatural Light‚ Immediately Imparted to the Soul by the Spirit of God‚ Shown to Be Both a Scriptural and Rational Doctrine” in 1734. He made distinction between revelation immediately communicated by God which is “without any intermediate causes‚” and it comes directly from God to the receiver‚ and revelation
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