NBER WORKING PAPER SERIES PROFITABILITY OF MOMENTUM STRATEGIES: AN EVALUATION OF ALTERNATIVE EXPLANATIONS Narasimhan Jegadeesh Sheridan Titman Working Paper 7159 http://www.nber.org/papers/w7 159 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge‚ MA 02138 June 1999 This paper has benefited from the excellent research assistance of Fei Zou and helpful comments from the participants of finance workshops at Indiana University and the University of Texas. All opinions expressed
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Block3 Reading1 Forces that shape competition: The configuration of the five forces differs by industry. The strongest competitive force or forces determine the profitability of an industry and become the most important to strategy formulation. 1) Rivalry among existing competitors: Rivalry competition is intensity because rivalry among existing competitors could include price discounting‚ new product introductions‚ advertising campaigns and service improvement. The intensity of rivalry
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APPLE Inc. (AAPL) Accounting and Financial Profile [pic] Name Sachitanand Karnakote Choong Chee Lai Lei Qiu Alcides Santopietro Denisa Voicu September 2008 Contents Introduction 2 The company and its activities 2 Industry & Competition 2 Recommendation 3 Accounting choices and Quality of Earnings 4 Ratios analysis 6 Liquidity: 6 Solvency: 7 Profitability: 8 Market: 8 Relevant Disclosures 9 Risks 9 Analysis of Apple Inc. corporate strategy 10 Introduction
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DELTA AIR LINES‚ INC. Consolidated Balance Sheets | | | | | | | | | | | | |December 31‚ | | |(in millions) | |2008 | | |2007 | | |ASSETS
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Budget Definition and its Purpose: Budget a detailed plan‚ expressed in quantitative terms‚ that specifies how resources will be acquired and used during a specified period of time. A budget is a description of a financial plan. It is a list of estimates of revenues to and expenditures by an agent for a stated period of time. Normally a budget describes a period in the future not the past Purposes of budgeting systems: Planning Facilitating Communication and Coordination Allocating Resources
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increased by 43.49% to US$11‚551M. Total Liabilities increased by 37.36% to US$4‚085M‚ but Total Debt remained at US$0. Shareholders benefited in FY2005‚ as Shareholder’s Equity increased by 47.08% to US$7‚466M. Several factors to explain the upward financial trend were the increase in net sales of iPods by US$3.2B‚ which was a 248% increase. Other music related products and services also had an increase in net sales of 223%. The company also experienced smaller increases in the net sales n retail‚ peripherals
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deposits. The Basel 3 regulation has been developed in response to the deficiencies in financial regulation revealed by the late 2000’s financial crises as banks are expected to hold an adequate amount of capital in relation to their risk taking. Liquidity is ‘’the ability to convert an asset to cash quickly’’ (investopedia.com). A bank has to be in a position to obtain liquidity at short notice to avoid liquidity crises. Since not all of the bank’s customer’s deposits are fixed for long periods
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|46 | |Balance sheets |47 | |Cash flow statements |49 | |Notes to the financial statements |50-62 | In addition to the above‚ the following year 2006 information is extracted from Sonic Healthcare
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Starbucks Financial Analysis Financial Analysis of the Starbucks Corporation 2401 Utah Avenue South Seattle‚ Washington 98134 (800) 235-2883 Financial Analysis of the Starbucks Corporation Company Overview Starbucks is the world’s largest specialty coffee retailer‚ Starbucks has more than 16‚000 retail outlets in more than 35 countries. Starbucks owns more than 8‚500 of its outlets‚ while licensees and franchisees operate more than 6‚500 units worldwide‚ primarily
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Corporation Overview 3 2. Financial Statements 4 2.1 Income Statement 5 2.1 Balance Sheet 6 2.2 Statement of Cash Flows 8 2.3 Statement of Owners Equity 8 3. Financial Statement Summary 9 4. Ratio Calculation 10 4.1 Liquidity ratios 10 4.2
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