Merck & Co.‚ Inc. Recommendation: Buy Target Price Current Price Difference $ 37.09 $ 26.18 41.7%↑ Market Cap. 52 Wk High 52 Wk Low $ 57.48B $ 36.26 $ 25.50 Shrs. Out. 2‚217.6M As of October 21‚ 2005 • Market reaction to Vioxx lawsuits too extreme • Cash flow for company strong enough to absorb potential legal or competitive challenges • Potential blockbuster drugs in the pipeline • A stable of existing drugs to continue driving growth • Aging and growing population
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Debt/Equity Ratio What Does Debt/Equity Ratio Mean? A measure of a company’s financial leverage calculated by dividing its total liabilities by its stockholders’ equity; it indicates what proportion of equity and debt the company is using to finance its assets. http://financial-dictionary.thefreedictionary.com/debt%2Fequity+ratio ’Debt/Equity Ratio’ A high debt/equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings
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Company Valuation AAPL:US – BUY Price: $266.70 June 28‚ 2010 Price Target: $336.34 NAMES Apple Inc Industry: Computers & Mobile Devices • Exchange: NASDAQ GS Apple continues to create economic value through innovative product designs and strategic partnerships with component parts suppliers and device manufacturers. The company is enjoying strong revenue growth and high profit margins‚ leading to a market capitalization of 242.68 billion‚ making it the highest
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HOW TO UNDERSTAND AND FIND YOUR PURPOSE Being an entrepreneur is in a lot of ways similar to being an explorer. We set out on a long journey‚ regularly pushing our minds and bodies‚ and often have little or no idea of where the road will eventually lead us. As an entrepreneur‚ though‚ it’s important—critical‚ even—to at least know the next few steps of your journey. You might have no idea where you’ll be in 5 years‚ but you’d better have a good idea of what you’re doing in the next few months —
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Educational Equity Having educational equity means understanding the changes that education has gone through‚ it means understanding what/ who impacts or changes education policies‚ being mindful of varying perspectives‚ and being fair to all students. We have to examine the achievement of students to understand true equity. Has achievement levels changed within the differing groups? According to Schrag (2004) the gaps in achievement‚ should start to close as the pressure on U. S. schools to achieve
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Running head: OWNERS’ EQUITY PAPER Owners’ Equity Paper Michelle McDaniel University of Phoenix Owners’ Equity Paper Introduction Investors have to keep a close eye on many different parts of their investments. First‚ keeping the paid-in capital separate from the capital earned. Paid-in capital is the total amount of stock purchased by the shareholders. Where earned capital is the profit earned from operations. Second‚ the investor needs to keep track of the capital earned this creates
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Chapter 9 Stock Valuation at Ragan Engines Input area: Shares owned by each sibling Ragan EPS Dividend to each sibling Ragan ROE Ragan required return $ $ 150‚000 5.08 320‚000 25% 20% EPS 1.09 $ 1.16 (0.32) 0.64 $ 1.97 DPS Stock price 0.16 $ 15.19 0.53 12.49 0.54 23.05 0.41 $ 16.91 ROE 11.00% 14.00% 14.00% 13.00% R 14.00% 19.00% 18.00% 17.00% Blue Ribband Motors Corp. Bon Voyage Marine‚ Inc. Nautilus Marine Engines Industry average Nautilus EPS w/o write-off $ $ $ Prospective
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[pic] ASSIGNMENT #1 DUE ON SUNDAY‚ JUNE 24 NAME: SEC: ID: ______________ 1. Intraco Co. has the following account balances for the end of the year Dec 31‚ 2010 |Selling and administrative salaries |$120‚000 | |Purchase of raw materials |280‚000
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Meta-Analysis of the Price Elasticity of Meat: Evidence of Regional Differences Craig A. Gallet Dept. of Economics‚ California State University‚ Sacramento 6000 J Street‚ Sacramento‚ CA‚ United States Tel: 916-278-6099 Received: July 17‚ 2012 doi:10.5296/ber.v2i2.2115 E-mail: cgallet@csus.edu Accepted: July 30‚ 2012 URL: http://dx.doi.org/10.5296/ber.v2i2.2115 Abstract This study addresses regional differences in meat demand by estimating meta-regressions of the price elasticity of
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EQUITY WARRANT BONDS Equity warrant bonds are bonds issued with equity warrants attached. Warrants are similar to share options‚ and give their holder the right but not the obligation to subscribe for a fixed quantity of equity stocks in the company at a future date‚ and at a fixed subscription price (exercise price). When bonds are issued with warrants‚ the warrants are detachable and can be sold in the stock market separately from the bonds. Investors might therefore subscribe to an issue of
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