matching strategy to a company s situation

... it was back to their classrooms and research labs Discussing how money was to be managed was too pedestrian for their learned minds Often researchers in corporate situations are totally ignorant ... no real substance Consider the case of a Louisiana-based company that considered itself to be opportunist or entrepreneurial This company was 198 Seven Steps to a Successful Business Plan rapidly ... situations Values give an organization a path out of difficult situations When a crisis occurs, it is the value statements that give stability to the chaos Managers turn to the core values as...

Ngày tải lên: 24/10/2013, 09:20

... Olstein of Olstein & Associates were particularly helpful and repeatedly made themselves available to answer my many questions In my research, I was assisted by two diligent research assistants, ... managers and stock analysts, many of whom preferred to speak on background, also shared their strategies for reading Securities and Exchange Commission filings Pat McConnell at Bear Stearns and ... year by selling assets, rather than making money from its loans and deposits The financials also revealed that Key s bad loans had been rising sharply, but that the bank s reserves for those bad...

Ngày tải lên: 10/08/2014, 11:20

... small print,” says Lalla, which is why he never skips the footnotes Many analysts used to advise investors to stay away from companies with epic-size footnotes Tyco, for example, had more than ... Several months earlier, after the company disclosed that the SEC had launched a formal investigation, Bristol-Myers Squibb said that it had improperly used sales incentives to induce wholesalers to ... leases is key At a technology company like Cisco Systems, which hands out lots of options, it s a good idea to read the options footnote At a pharmaceutical company like Pfizer, investors should...

Ngày tải lên: 10/08/2014, 11:20

... it s a noncash charge,” says King “But any company with a significant impairment charge is really a symptom of lax management What it really says is that someone paid too much and wasted shareholder s ... the same company announces another set of suspiciously similar charges, few people— analysts, financial journalists, and especially individual investors— stop to question whether it s really appropriate ... they should see a great big red flag What is wrong with this business? That s what investors should say Any time management is saying it s a noncash charge, investors ought to put their hands over...

Ngày tải lên: 10/08/2014, 11:20

... companies, distributing options enables employers to save on things they’d have to spend actual cash on—such as salaries and benefits And since companies are the ones selling their own stock, any ... because it s one of those footnotes that can speak volumes about a company s management and whether it has shareholders’ best interests at heart Is the company giving away too many options to top executives ... Accounting Standards Board s (FASB s) rule on related party transactions requires companies to inform investors of any deal that is material, or significant, companies have a good deal of leeway here...

Ngày tải lên: 10/08/2014, 11:20

... would have to happen first is that a company does a small deal, gets away with it, and sees that it s okay,” says Young RED FLAG Don’t automatically dismiss small related party deals as too insignificant ... they are working for the company s investors or for themselves If a company seems to have significant business deals with companies it describes as related parties and doesn’t provide any justification ... investors should take the companies at their word Be particularly wary if a public company discloses significant business with a nonpublic related party In its rules, FASB advises investors to...

Ngày tải lên: 10/08/2014, 11:20

... explaining to analysts and money managers what it was doing to shore up its pension plan GM s CFO, John Devine, told analysts that there was a “substantial pension drag on both earnings and cash ... plans’ assets, including the trustee s review of asset class return expectations by several consultants and economists as well as long-term inflation assumptions 2003 that it actually planned to ... Continental also discloses its asset mixture to help investors understand how it arrived at its percent expected rate of return for 2002 Companies are not required to this, but many analysts say it makes...

Ngày tải lên: 10/08/2014, 11:20

... company eventually loses or settles, its costs usually are insignificant (or “not material” to use the same lingo that many companies do), at least as far as most investors are concerned So why ... net-lease arrangements a popular technique used to finance office buildings and factories that enables a company to keep debt and assets off of its balance sheet Another $700 billion in asset-backed ... together with 11 other suits that the company described as Light/ Ultra Light cases, Altria noted that the Illinois case had been certified as a class action and was heading to trial in August...

Ngày tải lên: 10/08/2014, 11:20

... investors who are just looking to have some fun, it makes a lot more sense to head to Las Vegas, where at least the odds are known and posted Simply hoping that prosecutors and regulators and ... World dies under political pressure, once again at least many more investors are aware of this issue There is also renewed hope for investors in the way some companies are handling annual shareholder ... web sites They are also available on the SEC s Edgar database at www.sec.com/edgar and on several subscriptionbased web sites, including www.10kwizard.com Companies file proxy statements annually...

Ngày tải lên: 10/08/2014, 11:20

... 46, see also Debt, off-balance sheet Financial Accounting Standard (FAS), 87 See also Financial Accounting Standards Board (FASB), pensions Financial Accounting Standards Board (FASB): options, ... Management s Discussion and Analysis, p 52 13 IBM, 2002 10-K, Notes to Consolidated Statements, Note S, Subsection E, p 91 14 IBM, 2000 10-K, Management s Discussion and Analysis, p 57 15 “Altria ... Indrani De Basak and Michelle R Clayman, “Tax Rates and Stock Returns: An Empirical Analysis of the Information Content of Corporate Tax Rates,” New Amsterdam Partners LLC., February 2003, p...

Ngày tải lên: 10/08/2014, 11:20

Ngày tải lên: 28/08/2016, 07:17

... Iodized seasoned salt is very essential in every Vietnamese family, produced as a result of the Vietnam-Australia National program of anti-insufficient disease lodine, can supply a certain amount ... manager, a survey on the company s product strategy and customer s opinion are done This study is conducted to analyze current product strategy of the Hai Chau Confectionery Company and assess feedbacks ... market share in the severely competitive market, a study is conducted based on analysis of the company s product strategy and its customer s feedback The study was approved by the head of the company s...

Ngày tải lên: 18/04/2013, 08:24

... speculators follow the same economic and technical analytical signposts as corporations and investors On occasion, both investors and corporations can act as currency speculators The term is certainly ... FX and Interest-Rate Options Riccardo Rebonato Risk Management and Analysis vol 1: Measuring and Modelling Financial Risk Carol Alexander (ed.) Risk Management and Analysis vol 2: New Markets and ... business A factor that is deemed a crucial market driver one minute may be spurned the next as irrelevant Most attempts within economic “fundamental” analysis to analyse exchange rates are based...

Ngày tải lên: 23/04/2014, 15:52

... speculators follow the same economic and technical analytical signposts as corporations and investors On occasion, both investors and corporations can act as currency speculators The term is certainly ... Operational Risk: Measurement and Modelling Jack King Advanced Credit Risk Analysis: Financial Approaches and Mathematical Models to Assess, Price and Manage Credit Risk Didier Cossin and Hugues Pirotte ... business A factor that is deemed a crucial market driver one minute may be spurned the next as irrelevant Most attempts within economic “fundamental” analysis to analyse exchange rates are based...

Ngày tải lên: 23/04/2014, 15:53

... fundamental analysis because it is better suited to predicting short-term exchange rate moves than the traditional fundamental exchange rate models Corporations and asset managers can use it as a crosscheck ... look to past price action as a determinant of future prices For precisely this reason, the economics profession generally has dismissed technical analysis as irrational However, just as we have already ... classic economic analysis, in its inability to predict exchange rates over the short term, came technical analysis 4.2 THE CHALLENGE OF TECHNICAL ANALYSIS Technical analysis has posed a challenge...

Ngày tải lên: 20/06/2014, 18:20

... risk is very important to a corporation as it can have a major impact on its cash flows, assets and liabilities, net profit and ultimately its stock market value Assuming the corporation has accepted ... foreign subsidiary is usually measured by the net assets (assets less liabilities) that are exposed to potential exchange rate moves Problems can occur with regard to translation risk if a corporation ... corporations actively manage their transaction currency risk, many are less aware of the potential dangers of translation risk The actual translation process in consolidating financial statements is...

Ngày tải lên: 20/06/2014, 18:20

... They also face translation risk on assets and liabilities if they spread their operations overseas For its part, the corporate sector clearly seems to have moved to a view that currency risk is an ... pricing strategy may have to be reconsidered Corporations can also set the budget rate so as to link in with their sales calendar and thus their hedging strategy If a corporation has a quarterly sales ... strategy may involve numerous transactions and thus may cause potential concern for investors with regard to transaction costs However, such costs have historically been small relative both to...

Ngày tải lên: 20/06/2014, 18:20

... are answerable to the voters, but they are also answerable to financial markets, just as a board is answerable to its shareholders Equally, governments must ensure against excess within those markets ... journalist, then as an analyst, then as a manager of a currency business and finally as a currency strategist for an investment bank Perspective is important and being able to look at an issue ... flows) 198 Currency Strategy Transactional risk or exposure is essentially cash flow risk Translational risk, for its part, results from the consolidation of group and subsidiary balance sheets, and...

Ngày tải lên: 20/06/2014, 18:20

... practical This is a business and a business has to achieve measurable results If that business is to succeed, its results have to outperform consistently While there are no guarantees — and certainly ... practitioners remains to adopt an integrated approach to currency analysis and strategy, involving the four disciplines of currency economics, flow analysis, technical analysis and long-term valuation based ... instead represents the market s response to perceived fundamental changes Thus, it is a symptom rather than the disease itself, which is usually bad economic policy Currency speculators are usually...

Ngày tải lên: 20/06/2014, 18:20

... community appears to have finally taken the discipline of flow analysis to its heart, there remains considerable resistance to any similar acceptance of technical analysis Chapter (Technical Analysis: ... tariffs, r r r r zero export subsidies and perfect competition across all business sectors Needless to say, this is not the case Whatever progress we have made, we are not there yet As a result, ... securities, money market funds and money/cash As a central bank cuts interest rates, the effect of this should be spread across these asset classes, which in turn react in different ways If a central...

Ngày tải lên: 20/06/2014, 18:20