9-205-058 REV: AUGUST 19‚ 2011 MALCOLM BAKER JAMES QUINN Berrkshire e Partne ers: Bid dding ffor Cartter’s In the spring of o 2001‚ Bostton-based priivate equity firm Berkshiire Partners w was considerring a levera aged buyout (LBO) of the William Cartter Co.‚ a lead ding producerr of infant‚ baaby‚ and child dren’s apparrel in the Un nited States. Berkshire B Parrtners‚ which h had extensiive experiencce investing iin the retail and manufaccturing sectorrs‚ was initia ally drawn to o Carter’s
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CASE QUESTIONS Cash Flows and Value. Cost of Capital Case 1: Hop-In Food Stores‚ Inc. 1. Determine the correct price for this particular IPO. Use several methods to do this and compare them. 2. What extra information would you try to acquire in a real life situation? Case 2: Chem-Cal Corporation 1. How do you calculate the WACC for this firm? 2. What is the cost of capital of the debt‚ preferred stock‚ and common stock (assume the equity beta is 1.22)? 3. Calculate the WACC. How can a WACC be used
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to you which way we go. Husband (Dan) and Wife(Tiffany) talk about many topics in their sex life. Scenario 1 When Tiffany talks to Dan about important issues about bills‚ the kids and work he barely says anything or gives an input. When Tiffany talks about their sex life‚ Dan gives a simple answer on “whatever you want to do‚ sweetie”. This is an example of poor communication skills. Dan needs to learn how to be a active listener. Tiffany is talking about important subjects in their life
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Cassandra has this feeling that Tiffany doesn’t know how serious and devastating it is to use heroin while she is pregnant. So she decides to educate Tiffany a little bit. Cassandra is walking with Tiffany to the hospital for her second check-up‚ while walking Cassandra tells Tiffany‚ “Did you know that Heroin abuse can cause serious complications during pregnancy including miscarriage and premature delivery?” (http://www.uatests.com/drug-information/heroin.html) Tiffany then gives Cassandra this look
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there are many tools available to a manager as they make these decisions. Tiffany is a General Manager of a franchise in the quick service restaurant industry. She is faced with decisions dozens of times in one day. A large portion of the decisions that she is faced with are made to solve structured problems‚ however‚ sometimes an unstructured problem does arise that she needs to address. As well as solving problems Tiffany must also make plans to in order to have structure and organization to achieve
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Tiffany & Co - Case Write-Up 1) In what way(s) is Tiffany exposed to exchange-rate risk subsequent to its new distribution agreement with Mitsukoshi? How serious are these risks? 2) Should Tiffany actively manage its yen-dollar exchange-rate risk? Why or why not? 3) If Tiffany were to manage its exchange-rate risk activity‚ what would be the objectives of such a program? Specifically‚ what exposures should be actively managed? How much of these exposures should be covered‚ and
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met a friend who has made the term opposites attract really come to life! Tiffany is 24 and I am 27; she has two kids‚ and I am pregnant with my first one. I am from a military family; and traveled quit often on the other hand Tiffany grew up in a small town‚ south of the Mississippi border. I work a minimum of 40 hours week and Tiffany is a stay at home mother. I have two incomes in my house and Tiffany has one income. Tiffany has a fiancé and I am married. “There is a difference between being married
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comedy. The scene begins with a face to face confrontation between Pat and Tiffany whose met for the first time. The scene consists of alternating cuts between Pat and Tiffany‚ whose met for the first time. The scene consists of alternating cuts between a close-up of Pat and a close-up of Tiffany‚ as they exchange their first dialogue with each other‚ while Ronnie is in the background. Pat begins the conversation by telling Tiffany how nice she looks‚ but immediately becomes troubled with what he just
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below‚ reflecting on the changes in Business Model (how the company generated revenue). The Beginning years‚ 1976 – 1985: Apple was founded in 1976 and they built a computer circuit board named the Apple I. Within span of 4 years they went to IPO with the help of Venture capitalist Markkula‚ Jr. Its original business model was based on selling a computer that could be used straight out of the box with a closed platform. In 1981 IBM introduced a Microsoft ’s DOS operating system and it’s an
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The Atrocious Shed It was a scorching‚ radiant‚ fall day on September 10th when Tiffany and her teammates were at soccer practice. There were two goals‚ one on each side of the school’s 100 foot long and 60-foot wide soccer field. The school was to the left‚ a few hundred feet away‚ and a cramped shed was to the right. The wind was at her back as the starting forward‚ Tiffany‚ was swiftly dribbling on a breakaway to the other team’s goal‚ her long brown hair blowing behind her and her long legs were
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