...Case Analysis: Encore International Encore International -Case Study Overview of Case Study Encore International is a casual wear company and had experienced rocketed sales of $300 million i.e. spectacular growth subsequent to 10 year of business. Their further plan comprises of a long term expansion in market of Europe and Latin America preserving their future dividend growth. Furthermore, analyst of the Encore has speculated that this company perhaps encounters small or no growth in future as well as future dividend. As the same time, the founder of the company Jordan Ellis consider that the company can preserve steady annual growth rate in dividend per share of 6% or possibly 8% for next two years and 6% afterward. This is based on the European and Latin American market expansion plan. With this, it is expected that the risk will be from 8.8% to 10%. The risk free rate is 6%. CFO of the company has assign Marc Scott - junior financial analyst for evaluating the current stock of the firm with respect to the conservative's and Jordan Ellis's predictions. Discussion From the data available in the case study we will calculate firm's current book value per share, firm's current P/E ratio, current required return for Encore stock, new required return for Encore stock assuming that they expand into European and Latin American markets as planned, with no growth in future dividends the value per share of the Encore stock. a) Encore International Current...
Words: 308 - Pages: 2
...-Sajja Shah Contributing in the betterment of the society; Social Welfare Society of IoBM is committed to raising funds and awareness to improve the living conditions of those members of the community who are less privileged and deserve more. Playing its due part once again SWAT organized a fundraiser event, ENCORE- the night of performing Arts a fundraiser in its own capacity to bring betterment to the underprivileged. ENCORE was held on Sunday 9 December, 2012 at the Royal Rodale Club, Karachi. The night of Encore started with a theatrical performance, a play namely “Kuttey” which was a dark comedy performed by Naatak bridge. Following the play was Silent Sketches by FESF Deaf Performers which was highly applauded by the audience. As a token of appreciation, team SWAT presented certificates to the participants. The evening proceeded further with Improvised Comedy by LOL WAALAY and came to its end with the outstanding musical by Usman Riaz . There were also performances by the very own members of SWAT that included Moaz Afridi and Zair Zaki skills at music and vocals. Along with the events SWAT also organized an exhibition going for apparel and home accessories where multiple designer labels like Colour Rush, Niche by Nusrat Alamgir, Rumor, Muzna’s Malboosat, U & M, Shagufta Imam, Amna Noorani, Shahid Afridi Menswear, Naqash, Jiya’s Casual Line, Buttons Wear, and Orange displayed their clothes. Well known jewelers namely Fari’s, Al Oman Jewelers displayed their ornaments...
Words: 389 - Pages: 2
...Eminem and Women MUSI 1002 – FINAL PAPER, FALL 2014 December 2, 2014 In this day and age, the molding of children is one of if not the most important task of what a parent may have to face. Many parents have to experience the unpleasant task of having to filter between what to allow or not allow their innocent children to be exposed to. This is due to the fact that the media now plays a huge role on how a child will grow up and what a child will think is right and wrong. Factors such a famous celebrities and music play some of the most influential roles. This becomes a problem when music, such as Rap and Hip-Hop, portray certain issues and ideas in a very negative way (Watkins, 85); a way in which a child may completely misunderstand and therefore take away a very unhealthy idea of it. Not only can a genre be at fault in an instance like this, but also an artist who actually allows to put out such messages and ideas into the world. One of the most controversial topics in the Rap industry is the topic about women and how they should be portrayed. Eminem, an artist who is heavily criticized about his degrading and demoralizing of women in his lyrics and music videos, is an example of such artist (Hess, 490). He is very well known and also loved for his lyrics and music videos that represent women as sexual objects encourage domestic violence against women, and attack women of prestige and power within the social elite world. Eminem’s style of music consists of Rap. The...
Words: 1913 - Pages: 8
...Wii Encore Case Analysis Since 1983Nintendo has continued to introduce game consoles to the gaming market starting with Famicon in 1983 and more recently the Nintendo Wii in 2006. They have focused on keeping the platform prices low but also offering the consumer high game quality as well as image quality. Nintendo has been associated with popular games such as Super Mario Brothers (1985), The Legend of Zelda (1987), and Metroid (1987). Since the release of the Nintendo Wii in 2006, famous for the introduction of motion-censoring controllers, Nintendo continued to outsell its two competitors, Sony PlayStation and Microsoft Xbox. It was not until 2010 that both of Nintendo’s competitors launched their version of motion sensing controllers. This was the beginning of Nintendo’s fall in sales compared to Sony and Microsoft. Recently, Nintendo had a press conference about the release of their new console called the Wii U. The Wii U console also features a new controller referred to as the “GamePad” which is embedded with a touch screen. The system will be backwards compatible with the previous console, the Wii. Being that Nintendo has continued to be outsold by its competitors in 2010 and 2011, the Wii U is a smart move for Nintendo. Running another low-end encroachment (Wii U) could be Nintendo’s successor of the Wii. Rather than sustaining their current the technology, the Wii, by just making small incremental improvements, creating a disruptive technology could help Nintendo...
Words: 637 - Pages: 3
...Restaurants[edit] Hard Rock Cafe located onBroadway in the heart of Times Square The first Hard Rock Cafe (HRC) opened on 14 June 1971, in Piccadilly, London, under the ownership of young Americans Peter Morton and Isaac Tigrett. Hard Rock initially had an eclectic decor but it later started to display memorabilia. Hard Rock has amassed one of the largest collections of rock and roll memorabilia in the world. The chain began to expand worldwide in 1982 with locations in (among others) Toronto, Los Angeles, San Francisco, Chicago, Paris and Berlin.[4] Hard Rock Cafe locations in the United States vary from smaller, more tourist driven markets (Biloxi, Pigeon Forge, Key West, etc.) to large metropolises (Houston, Philadelphia, New York, Chicago, Boston, Washington DC, etc.). Hard Rock Cafe typically does not franchise cafe locations in the United States. All US cafes are corporate owned and operated, except for cafes in Tampa and Four Winds New Buffalo casino.[5] However, in the transition of the Las Vegas Hard Rock Hotel property originally owned and then later sold to Rank by founder Peter Morton, Peter retained hotel naming rights West of the Mississippi. When Peter Morton sold his Las Vegas Hard Rock Hotel to the Morgans Group, he also sold those naming rights, which then gave rise to two U.S. franchise Hotels (without cafes) in Albuquerque and Tulsa. The Albuquerque hotel no longer pays for the Hard Rock rights and reverted to its former name in June 2013. More hotels franchised...
Words: 1148 - Pages: 5
...Valuation of Encore International The by Marc Scott Raymas BUS505: Finance Instructor: Dr. Paulone May 21, 2016 INTRODUCTION As a financial analyst, you may be tasked with an assignment from the Chief Financial Officer (CFO) to perform a particular task. When assigned a task, it must be completed and scrutinized with the goal of having zero errors. Your report may be the deciding factor in your employer’s decision to continue or alter future plans for the corporation. In this case study titled, “The valuation of Encore International by Marc Scott” you will read a short analysis of how Marc Scott used the data supplied by his CFO’s to compile the information required for him to produce. Just as CFO’s opinion is valued by the Chief Executive Officer (CEO) and board of directors, as a financial analyst your research is valued by your CFO. With responsibilities such as this, it is of the utmost importance to be efficient and effective with all tasked assigned. DISCUSSION CONTENT Even though securities analyst believe it is impossible for Encore international to keep up at the pace they are currently operating at, Jordan Ellis (founder of Encore International) did not let their criticism bother him. Mr. Ellis actually has a vision that will not only keep them at the current pace, but they will have a short-term spike and then level off to current growth. Encore International didn’t become successful behind bad...
Words: 1132 - Pages: 5
...Harmonix Case Study 1. The marketing management philosophy used by Harmonix in the beginning was production-oriented. The company focused on some demo software they had created in grad-school in 1995, and on the internal capabilities of the firm rather than on the desires and needs of the customers. The founders believed that if people had the opportunity to create their own music, they would jump at the chance. Then they decided to try and make a product that people could engage in playing a role of a lead guitarist of a rock band. And they decided to engage their customers, changing their philosophy to market-orientation. This means that the company took action by creating products to deliver and provide value to the customers. The company seeks to satisfy the wants, needs and likes of the customer with their products. 2. Harmonix describes itself as one of the leading manufacturers of music video games. Harmonix brought the world the thrill of performing as a rock star through the plastic instruments of Rock Band and Guitar Hero. As the market for music video games has matured, sales are now expanding beyond the traditional gamers to the first-time gamers even families. 3. Harmonix’s products were directed to the fans of music or people that like scene games, for people that like to create their own music and have another experience with music. The founders believe that that type products have good demand in the market because people want to try new ideas. And for that...
Words: 271 - Pages: 2
...1. What marketing management philosophy did Harmonix use at first and how did their philosophy change? The marketing management philosophy used by Harmonix in the beginning was production oriented. The company focused on some demo software they had created in 1995, and on the internal capabilities rather than the wants or needs of customers. The originators believed that if people had the chance to create their own music, they would jump at the opportunity. They then decided to try and make a product that people would ultimately get the feel of what it feels like to be a “rock star” and decided to engage their customers, changing their philosophy to the market orientation. The company in 2004 decided to examined more closely what the desires and likes of the customers are, therefore creating products such as the microphone in Karaoke Revolution, and in 2005 Guitar hero. This means that the company took actions by creating products to deliver and provide value to customers. The company seeks to satisfy the needs, wants and likes of the customers with their products. This is still true even though they have undergone changes, the basic concept of providing value to the customer still exist. 2. As a firm, how do you think Harmonix would describe its business? Harmonix describes itself as one of the leading manufacturers of video games in its industry. According to their website “Harmonix brought the world the thrill of performing as a rock star through the plastic...
Words: 615 - Pages: 3
...Briefly describe and explain a classic ‘new product development process’ (NPD) and then propose a developed ‘business analysis’ to justify the decision of your group to launch or not launch a DVC brand in year 7. Within that analysis and justification and using suitable data, make some mention of the product life cycle, the BCG matrix, opportunity cost, and risk. Finally, provide a critical assessment of the value of this classic ‘NPD process’ to both TMG! and to the ‘real world’ of consumer durables. The new product development process (NPD) is the process when a company decides to develop and introduce a new product into the market. NPD is important and crucial for all the organisations. The consumers play a major role in this process because this process is carried out keeping the needs and the preferences of the consumers in mind. The NPD process consists of eight stages and only then the new product is brought into the market. These eight stages consist of Idea generation, idea screening, concept development and testing, marketing strategy and development, business analysis, product development, market testing and commercialization. The company may decide to introduce the product in an existing or a new market. This decision depends on the type of product and the type of market. Ansoff matrix gives a better understanding about the relationship between the product and the market. Ansoff matrix is a tool used by the marketing departments of the companies as a general strategy...
Words: 1561 - Pages: 7
...Censorship? Researchers develop 'Encore' to monitor Web access Date: July 2, 2014 Source: Georgia Institute of Technology Summary: Researchers have created a tool to monitor the accessibility of Web pages around the world that can be installed by adding a single line of code to a web page. The tool, Encore, runs when a user visits a website where the code is installed and then discreetly collects data from potentially censored sites. The researchers hope the data they collect will allow them to determine the where’s, when’s and how’s of what's blocked, as well as identify ways to get around restricted access. Georgia Tech researchers have created a tool to monitor the accessibility of Web pages around the world that can be installed by adding a single line of code to a web page. The tool, Encore, runs when a user visits a website where the code is installed and then discreetly collects data from potentially censored sites. Credit: Image courtesy of Georgia Institute of Technology Georgia Tech researchers have created a tool to monitor the accessibility of Web pages around the world that can be installed by adding a single line of code to a web page. The tool, Encore, runs when a user visits a website where the code is installed and then discreetly collects data from potentially censored sites. The researchers hope the data they collect will allow them to determine the where’s, when’s and how’s of what's blocked, as well as identify ways to get around restricted...
Words: 555 - Pages: 3
...ADDITIONAL TV PLANS ADDITIONAL PACKAGES WHICH REQUIRE SUBSCRIPTIONS CHANNEL NAME CHANNEL NAME CHANNEL NAME CHANNEL NAME VARIETY PASS Reelz Revolt RLTV Science Smithsonian Sprout Sundance West TBN Teennick The Sportsman Channel Tr3s TWC SportsChannel Univision Deportes VH1 Classic TWC MOVIE PASS Encore Encore Action Encore Action West Encore Black Encore Black West Encore Classic Encore Classic West Encore Family Encore On Demand Encore Suspense Encore Suspense West Encore West Encore Westerns Encore Westerns West FX Movie Channel IFC Sundance Channel Sundance West TWC Movie Pass On Demand TV EN ESPAÑOL MAS AYM Sports CBTV Cine Mexicano GolTV Mexico 22 TBN Enlace Teleformula Viendo Movies Al Jazeera America American Heroes Aspire BabyFirst BBC World News BBCA beIN SPORTS beIN SPORTS Espanel Bloomberg Boomerang C-SPAN 3 Canal de Tejas CBS Sports Network CCTV News Centric Chiller Cloo CNBC World Cooking Channel Daystar Destination America Discovery Family Discovery Life Disney Jr Disney West Disney XD DIY Network El Rey English Premier League ESPN Deportes ESPNews ESPNU Esquire Family Net Flix Flix West FM Fox Deportes FOX Sports 2 Fuse FXX FYI GSN H2 Hallmark Channel Hallmark Movies & Mysteries IFC Lifetime Real Women Logo MLB Network MTV Hits MTV2 Multimedios Nat Geo Wild NBA TV NBC Sports Network NBC Universo NFL Network Nick Jr Nicktoons Outdoor Channel Ovation QVC Plus El Paso HD PASS beIN SPORTS MAV TV MGM HD Smithsonian Universal HD TWC SPORTS PASS beIN SPORTS...
Words: 2844 - Pages: 12
...Question 1 (8 marks) Conrad Air, Inc., reported net income of $1,365,000 for the year ended December 31, 2013. Show how Conrad’s balance sheet would change from 2012 to 2013 depending on how Conrad “spent” those earnings as described in the scenarios that appear below. Conrad Air, Inc. Balance Sheet as of December 31, 2012 | Assets | Liabilities and Stockholders’ Equity | Cash | $120,000 | Accounts Payable | $70,000 | Marketable securities | 35,000 | Short-term notes | 55,000 | Accounts receivable | 45,000 | Current liabilities | $125,000 | Inventories | 130,000 | Long-term debt | 2,700,000 | Current Assets | $330,000 | Total liabilities | $2,825,000 | Equipment | $2,970,000 | Common stock | $500,000 | Buildings | 1,600,000 | Retained earnings | 1,575,000 | Fixed Assets | $4,570,000 | Stockholders’ equity | $2,075,000 | Total Assets | $4,900,000 | Total liabilities and equity | $4,900,000 | a) Conrad paid no dividends during the year and invested the funds in marketable securities. (2 marks) b) Conrad paid dividends totaling $500,000 and used the balance of the net income to retire (pay off) long-term debt. (2 marks) c) Conrad paid dividends totaling $500,000 and invested the balance of the net income in building a new hangar. (2 marks) d) Conrad paid out all $1,365,000 as dividends to its stockholders...
Words: 1057 - Pages: 5
...Integrative Case 3 Encore International Data Item 2012 value Earnings per share (EPS) $6.25 Price per share of common stock $40.00 Book value of common stock equity $60,000,000 Total common shares outstanding 2,500,000 Common stock dividend per share $4.00 A) What is the firm's current book value per share? EPS= $100,000,000.00 B) What is the firm's current P/E ratio? P/E ratio= 6.4 C) 1) What is the current required return for Encore stock? Current required return= 14.8% 2) What will be the new required return for Encore stock assuming that they expand into European and Latin American markets as planned? New required return= 16.0% D) If the securities analysts are correct and there is no growth in future dividends, what will be the value per share of the Encore stock? (Note: Use the new required return on the company's stock here) Value of stock with no growth= $25.00 E) 1) If Jordan Ellis's predictions are correct, what will be the value per share of Encore stock if the firm maintains a constant annual 6% growth rate in future dividends? (Note: Use the new required return on the company's) Value of stock with annual 6% growth= $40.00 1) If Jordan...
Words: 261 - Pages: 2
...order copies or request permission to reproduce materials, contact Ivey Publishing, Ivey Business School, Western University, London, Ontario, Canada, N6G 0N1; (t) 519.661.3208; (e) cases@ivey.ca; www.iveycases.com. Copyright © 2015, Richard Ivey School of Business Foundation Version: 2015-05-22 In early 2014, Ferio Pugliese looked back on his turbulent first nine months as president of WestJet Airlines Ltd.’s (WestJet) new regional air service Encore. Officially launched in Western Canada in June 2013, this venture represented the company’s most significant organizational change in its 18 years of dramatic growth and was billed as WestJet’s “second coming” — hence, the chosen name Encore. The process of expanding the airline’s fleet to include smaller, short-haul aircraft servicing smaller destinations throughout Western Canada had not been without growing pains. The on-time performance for Encore got off to a rocky start, with no gentle breaking-in period for ramping up the new service. Integrating the smaller Encore fleet into the fully functioning and mature WestJet network presented challenges to maintaining efficiencies. The integration had also necessitated organizational changes for some...
Words: 4982 - Pages: 20
...Year | 2015 | Quarter | February 2015 | Subject | CORPORATE FINANCE | Weightage | 50% | Submission Date | 6/4/2015 | Regulations A. Late Submission * A 10% deduction per day of total coursework marks (excluding weekends and public holidays). * Late submission between 5 to 10 days, results in a 50% deduction of total coursework marks. * Late submission past 10 days results in an automatic 0% for coursework and the student will be barred from the final examination. B. Deliverables Students must submit all materials supporting their coursework listed in the deliverable section. * The coursework must be entirely your own work. Please make sure that you are aware of the rules concerning plagiarism. If you are unclear about them, please consult your program coordinator/lecturer. Plagiarism is presenting somebody else’s work as your own. It includes: copying information directly from the Web or books without referencing the material; submitting joint coursework as an individual effort; copying another student’s coursework; stealing coursework from another student and submitting it as your own. Suspected plagiarism will be investigated and if found to have occurred will be dealt with according to the procedures set down by the university/college. Plagiarism is presenting somebody else’s work as your own. It includes: copying information directly from the Web or books without referencing the material; submitting joint coursework as an individual...
Words: 1443 - Pages: 6
