in May 2005‚ this case invites the student to assess Berkshire Hathaway’s bid‚ through MidAmerican Energy Holdings Company‚ its wholly owned subsidiary‚ for the regulated energy-utility PacifiCorp. The task for the student is to perform a simple valuation of PacifiCorp and to consider the reasonableness of Berkshire’s offer. Student analysis readily extends into the investment philosophy and the remarkable record of Berkshire’s chair and CEO‚ Warren E. Buffett. The case is an introduction
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CHAPTER ONE 1.0 ABOUT THE STUDENTS INDUSTRIAL WORK EXPERIENCE SCHEME (SIWES) SIWES‚ an acronym for Student Industrial Work Experience Scheme was introduced by the National Universities Commission (NUC) in collaboration with the Industrial Trust Fund (ITF) in the early 70’s between registered industries or establishments and the institution of higher learning. Funded by the Federal Government is an accepted skills training programme for all the Nigerian Universities. Completion of the Students
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Statement on Standards for Valuation Services. http://bvfls.aicpa.org/NR/rdonlyres/672E1DD4-2304-47CA-8F34-8C5AA64CB008/0/SSVS_Full_Version.pdf8. Wise‚ Richard M. Caveats in Using Guideline Company Transactional Data in Valuing a Business. Quarterly Journal of the Business Valuation Committee of the American Society of Appraisers. Vol. 22‚ No. 1‚ March 2003http://www.wbbusval.com/english/pdf/BVR4-Caveats-Guideline-Cos-March03.pdf9. Pratt‚ Shannon P. Business Valuation Body of Knowledge Workbook‚
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Introduction Cooper Industries was unsuccessful in acquisitions until it established a basic criteria for future acquisitions. That new criteria worked well‚ and when they went to acquire their fourth company since implementing their strategy‚ they faced fierce competition. They have to decide whether or not to pursue this company of interest‚ and then make an offer that will be selected over the others. Background Facts Cooper Industries is a manufacturer of heavy machinery. They began
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Google Inc is a technology company that builds and provides products and services that organise information and make it universally accessible and useful to the general public‚ and it has arguably become a need in the everyday lives of people. As something that initially started as a research project for Stanford digital library‚ the concept began in march 1996 by Larry page and Serge Brin. the goal was to develop the enabling technologies from a single‚ integrated and universal digital library
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Gillette should receive closer to $60/share‚ and while an offer of $54.05 is a deal that is not as good as it could be‚ it is better than no deal at all. Using transaction multiples‚ we see that Gillette is being valued well above the market in valuations involving revenues‚ EBITDA and P/E multiples. Also‚ large benefits come to shareholders in the method of acquisition. Although it is an all-stock deal‚ shareholders are receiving a nearly 1-for-1 ratio of trade for the shares. However‚ P&G
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Netflix‚ Inc. (NFLX) Good Long-Term Investment Despite High Valuation Rating: BUY RESEARCH REPORT: PUBLISHED APRIL 23‚ 2014 If there is anything that is universal across the world‚ it is certainly people’s love of media content – specifically movies and television. In fact‚ last year global movie ticket sales set a new record rising to $35.9 billion. Considering nearly 70% of that total came from international markets outside the US‚ it is safe to say that we are not the only ones
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Source: IMF (2012): Global Stability Report‚ 10 October 2012 Slide 7 Content 1. 2. 3. 4. Bank definition Banking sector Traditional operations of banks Banking risks‚ efficiency and profitability of the bank 5. Approaches to bank valuation 6. Bank heterogeneity 7. Competing institutions Slide 8 Definition of a bank General definition - a financial provider or a deposit institution collecting free money and offering loans to different subjects as well as services (Půlpán a
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AC210 EXAM 1 EEACH MULTIPLE QUESTION IS 5 POINTS PROBLEM IS 50 POINTS TOTAL POINTS=100 YOUR NAME___________Tyler Gaassett________________ Multiple Choice Questions *Highlight Your Answer Chapter 6 1-30. Operating income is: A. A measure of profitability after deducting cost of sales from net sales. B. A measure of profitability after deducting cost of sales and all expenses incurred in operating the business from net sales. C. A measure of liquidity after deducting cost
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