results‚ we still delivered solid earnings and focused on creating value for our shareholders by repurchasing 99 million shares for $2 billion and doubling our dividend. We continued to improve our financial strength and ended the year with $3 billion of cash and investments. And we made notable progress against our longer term growth initiatives‚ including the launch of Forth & Towne and the development of an entirely new e-commerce platform. We fully recognize‚ however‚ that our long-term success depends
Premium Income statement Banana Republic Free cash flow
the beta of its assets. We now have a rough estimate of Spyder’s asset beta‚ we can use CAPM to calculate the cost of assets of the firm (Exhibit 2). With an appropriate discount rate‚ we can use the WACC method to discount the company’s projected cash flows. Again‚ since the company is entirely comprised of equity‚ the cost of assets is the cost of the entire firm‚ so we will use it in place of WACC. Using Spyder’s pro-forma income statement‚ we then calculate the FCF’s for the next 4 years and discount
Premium Investment Sales Generally Accepted Accounting Principles
of its strategies & key initiatives to achieve sustainable‚ long term growth across its global portfolio of brands & businesses (www.nikemedia.com) their plan consists of a revenue target of 27 billion by the end of 2015 and over 12 billion of free cash flow from operations through 2015. NIKE also uses an outsourcing strategy‚ where they have subcontractors scattered throughout the globe. The cross functional decisions associated with a company of this magnitude is enormous & would involve a multitude
Premium Management Bill Bowerman Decision making
manufacturing sector to reduce production” have begun to hang over the negotiations… To finalize their agreement they need to agree to two (2) final major questions. How they will value both corporations and how they will pay for the acquisition of FVC; cash or stock or both. II. FVC Summary Is located in Southern California and specializes in the manufacture of specialty valves and heat exchangers. These products require expert engineering and industry knowledge which is one of FVC major expertise.
Premium Stock market Stock exchange Stock
Joanne Jackson June 1‚ 2011 Corporate Finance 620 M 600-950 Ch. 12 Mini Case A. Do you think Adam Lee should develop a strategic plan for the company? Why? What are the central elements of such a plan? What is the role of finance in a strategic plan? Yes. The goal of companies is to create more wealth for the owners and for financial managers to make their company more valuable and without well designed strategic and tactical plans in place it is impossible to do. The central
Premium Finance Balance sheet Dividend
From Date review of issues facing YJ ANALYSIS The potential 12 fields could be considered as question marks. If these 12 turn out to be unsuccessful then it will be a dog & a decision has to be taken whether to kill or not. Current 3 fields are cash cows. Potential fields with good reserves can be stars. This is a highly capital intensive industry & it is normal to have a high debt to equity ratio. At the time the loan was taken in 2008‚ it was the time of the sub-prime crisis or the credit
Premium Stock market Debt Free cash flow
Financial situation of Gucci Gucci is the main company of the Gucci group. This is clear if we analyze the participation of Gucci in the overall financial results: 67% more or less. Taking in consideration the operative results the participation is even higher because we are around 90% with a value of 618 million of euro over 692 millions in total. These results are obviously affected by the recent crisis started in October 2009 that has affected the economy as a whole. One of the main aspects is
Premium Luxury good Gucci LVMH
coverage of Nike Inc. (NKE)‚ giving the company a Hold rating and a $100 price target‚ a touch above today’s $99 share price. He touts Nike’s best-in-class position in its category and also points favorably to its balance sheet: With annual free cash flow generation of $6.6B for the next 3 years (9.1% yield)‚ Nike’s balance sheet is fortress-like today. Nike’s
Premium Stock market Stock Free cash flow
at the forefront for management. Panera Bread maintains a healthy financial position as margins and ROE are healthy despite recent weaknesses observed due to rising debt levels and lower liquidity. Sales are increasing at a constant rate and free cash flow is available for strategic investment. The company faces strong competitive pressures due to competing sellers improving their market standing and business performance employing tactics such at attractive menu options‚ lower prices and stronger
Premium Marketing Customer service Markets
1. Is Mercury a good target for AGI? Discuss strategic fit of brands‚ products‚ customers‚ and distribution. Identify specific sources of value. Discuss AGI’s strengths/weaknesses compared with other bidders. Mercury AGI Brands Acquire an iconoclastic nonconformist image that trying to exploit by adding a line of active casual footwear. Associated with a lifestyle that was prosperous‚ active and fashion-conscious. products Main on men’s athletic footwear‚ and cover the athletic and casual footwear
Premium Free cash flow Inventory Footwear