...Hop-In Food Stores, Incorporated Strategy Paper There are many risks associated with both underpricing and overpricing an IPO relative to the underwriting company as well as to the company issuing the IPO. If Scott and Stringfellow were to underprice the IPO, they could easily be criticized for not obtaining the maximum possible value for Hop-In Food. This could lead to a loss of underwriting business not only from Hop-In Food, but from other corporations as well. Scott and Stringfellow could lose a good reputation and solid brand if they underprice Hop-In’s IPO, and there could be a possible increase in litigation costs from Hop-In. If Scott and Stringfellow were to overprice Hop-In’s IPO, there is a chance that the market will not develop and that the securities would be “stuck on the banker’s shelf.” In the case of Hop-In, Scott and Stringfellow purchased all of the offerings, meaning that all of the risk associated with properly pricing and selling them was transferred to Scott and Stringfellow. Goodwill among Scott and Stringfellow and the selling group would be damaged and their network would be weakened. If the IPO is underpriced, the risks for Hop-In vary. A low initial price can easily and immediately make Hop-In lose significant amounts of profit if there are considerable stag profits. The lost capital from the stock price jump could have been raised for and reinvested in the company. If the IPO is overpriced, Hop-In risks losing market with their stock. If the...
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...Hop-In Food Stores, Inc. Strategic Analysis Mr. Merriman faces the difficult decision in setting the price of the initial public offering for the new equity issue for Hop-In Food Stores, Inc. First to address is the problem with regards to over- or under-pricing the stock. Both outcomes yield negative attitudes towards the company. When addressing the possibility of over-pricing, the underwriter must understand that the stock may not sell the full amount of shares at the desired price, resulting in negative outlooks towards the corporation, as well as lowered stock prices of the insiders of Virginia, whom have already invested in the company. In order to remedy this, shelf-registration can be employed in order to reduce the amount of shares distributed initially, lowering costs of a secondary equity issue in the future, and possibly capturing the market once the share price hits a balance point. Also with over-pricing, there is the winner’s curse dilemma, in which the bidder finds remorse for spending such a great amount for a stock that others have not obviously intended to pay. Now, with under-pricing, though the immediate effects are not seen towards the company, this greatly hurts the shareholders. In under-pricing, the stock price may close the day much higher than initially sold, in which case that volume of cash between the initial price and closing price multiplied by the number of shares could have originally been sent to the previous shareholders of the company. In...
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...McBride, McBride depicts his view of today’s hip hop culture through the dreams of one of his characters; Liz in the story. Throughout the novel, Liz’s visions only portray the negative aspects of the hip hop culture. McBride continued to inform his readers on the bad elements of today’s hip hop culture. These negative attributes are facts the whole world already knows about thanks to mass media. McBride failed to add new information to his claims and acknowledge the whole picture of the hip hop culture. Instead he focused on the violence, wardrobe, and education standards of certain individuals to conclude that “there ain’t no freedom in tomorrow” (McBride). McBride should have pointed out the positive aspects of the culture such as those individuals who participate in community outreach programs, social commentary, and political dialogue. In Liz’s Vision of today’s hip hop culture, she says she saw, “Negroes eating in taverns, thousands of them; huge, fat Negroes, gorging themselves with more food than she ever seen: giant portions of pig, pie, steak, fried potatoes, laughing heartily as they ate, holding their stomachs as they gorged themselves. Negro children with bulging faces, strutting about in undergarments as if they were the finest clothing: undershirts, undershorts, nightshirts, and sleeping caps. Other children sitting in great dining halls before plates piled high with food, desserts, pies, meats, cakes- so much food that it seemed impossible for a child to eat...
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...Hip hop has been a very controversial topic in American society. I plan to discuss the positive and negative impact that hip hop and its artist have on today’s society. This topic has been argued over many years, and still remains a very touchy subject amongst many people. Weather discussing race, stereotypes, misconceptions, lyrical content, or the social behaviors of hip hop artist, there will always be room for debate. The merits of hip hop are often under question, and the negativity that surrounds it does not help its cause. While hip hop and its artist have both a negative and positive effects on today’s society, the positives outweigh the negatives. Hip hop and its artist have many misconceptions associated with them, and one of the biggest misconceptions about the artist is that they were all once criminals. As popular as this belief may be in some social circles it simply is not true. Grant it, there are negative events involved with hip hop and the artist, but to judge hip hop as a whole based on a few incidents is stereotypical and simply not right. Lyrical content may be to blame for certain stereotypes. What I want people to realize is hip hop is a form of entertainment and should be viewed as such. Everything said in a hip hop song should not be taken literally. More often than not the lyrical content represents past behaviors and not current or future endeavors. The fact that they are doing something positive should be proof enough that they do not condone...
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...Timothy Hodges Finance 423 Hop In Foods Strategy Paper Hop in foods is a Virginia based convenient store like 7 eleven. Hop in foods have been acquiring stores and assets at a rate that will require additional working capital. The company also wants to reduce the level short term debt so they can borrow at a better rate should the need arise. Furthermore Hop In also wants to provide additional capital using an initial public offering equity funds. Hop in foods is also wants to determine the proper stock price for this offering if the new stock is overpriced there is a possibility that the demand may be lower and halt market development. If underpriced Hop in has the risk of not obtaining the full value of the company. One of the first things we can determine is the cost debt for this type of company. Using the Altman Z scoring formula I can assess the credit worthiness of the firm. This will also help me determine the likely hood of a company going bankrupt in the next two years. Z scores greater than 2.99 are usually considered safe so that will be the bench mark. Next is to determine the weighted average cost of capital using the given beta, the expected market return dating from the 1960s to 1976 and 5 year Treasury bill rates. Next is to determine the capital structure of the company. The data provided about the acquisitions of different stores and the cost of the assets gives us a basis for projecting the future revenues. Looking at the additional...
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... Culture of Hip-hop was born in 1970 and it keeps developing until today. Hip-hop basically has four kinds of forms which are DJing, Rapping, Graffiti, Break-dancing, and Beatboxing. However why music, in this case is Rapping, can build great influence to the listeners. Music is form of cultural expression that does not necessary experience race and other identity relationships. This aspect appeals to youth experiences because racial identities do not mean only simply one thing for them. Since identities of race are combination of multiple identities, such as national context, class, and even gender. This turns up in Hip-hop music which focuses on mixed identities to find local’s expression. Hip-hop music is no longer seen only as song to listen but has become a lifestyle to youth in modern era. They feel this music can represent them who are struggling to find meaning and identities in their society which most of them do, regardless of they are White, Black, Asian, etc. However, other kinds of Hip-hop culture like graffiti art and break dancing also have same influence like Hip-hop music. This condition makes business players who are outside of Hip-hop industry find opportunity to contract famous and successful Hip-hop music artist to commercialize their products. These companies use the mindset that has been built by the artist and indirectly put that image in the commodities which appeal to young consumers. The thesis of this paper is how Hip-hop cultures specifically...
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...|Tipping as a type of karma |Tipping can be expensive | |Better service if you are a regular customer (restaurant) |A jar or box at the register implying one should tip (fast food, | | |coffee shops) | |Helping them make a living |Conflict after not tipping | | | | 2. 2.1. Giving someone a tip based on their provided service is customary, but the customers may not always share the same view on whether or not the service was sufficient for a tip. 2.2. After tipping your server well you will feel better about yourself, but it could not always be worth the extra money spent. 2.3. If you are a well known customer and are known to tip well, you are expecting the same or better service the next time you visit, but not tipping at a fast food restaurant or coffee shop can be seen as rude, which in turn may cause bad service the next visit. 2.4. Servers at diners and other lower end restaurants only make minimum wage and tips can help their quality of life immensely, but not having enough for a sufficient...
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...are given the opportunity to explore Barcelona city. This report presents the expectations of the tourists before, during and after the trip. Start of the journey The journey starts from Oxford, and the destination is Barcelona. Once in Barcelona, the tourists are given a passionate feel of the flamenco at the city’s legendary Tableo. The country’s best Flamenco stars have performed in this place. This event shows the tourists why the traditional Spanish dance is very popular across the globe. The Flamenco concert reveals various music, dancing and singing incorporated in a very passionate form. The tourists also have the opportunity to enjoy a traditional buffet meal and drinks during the presentation. The buffet meal includes Spanish food and traditional Catalan. Some of Barcelona’s best stew recipes include Arroz la cazuela, Faves a la catalane and La escudella. Fish specialties are also offered in the Flamenco. Typical deserts that are offered include Postre del musico with raisins and...
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...The Despicable Content in Hip-Hop Music – Making Plato Turn in his Grave In a city where each individual is able to do as he pleases is a city that will be filled with murder, theft, gluttony, deviance and prejudice. Hip-Hop artists, in their music, constantly incorporate these aspects of life within the content of their lyrics. This content is not only described throughout their songs, but the lifestyle of being able to do such things is constantly being advocated. “F*ck the Police” and “Beat a police out of shape and when I'm finished, bring the yellow tape to tape off the scene of the slaughter” (Rap Genius) are lyrics from the song “F*ck the Police” by the world renown hip hop group, NWA. This is one of many Hip-Hop groups that promote violence through music. Other songs such as “She swallowed It” and “Dopeman” both promote greediness, “lawless desires”, sexism and being promiscuous. If Plato were alive today to bear witness to Hip Hop music he would have despised the content of these songs, as the aforementioned contents of this type of music are all aspects of society in what he calls the “Luxurious City” and the “Purged City” and go against his idea of a just society. Hip-Hop’s first major concept that is addressed time and time again throughout its lyrics is the concept of Greed. Greed is defined as an “intense and selfish desire for something, especially wealth, power, or food.” (Oxford) Many Hip-Hop songs address accumulation of wealth (among other things)...
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...This inspiration encompasses the spirit of Hip-Hop and why the genre was created to begin. This is also the reason why hip-hop was able to evolve into the multi-billion-dollar industry that is praised today. Long before the Christopher Wallaces and Tupac Shakurs that we think created hip-hop, the real pioneers of Hip-Hop simply told stories of their everyday life. Hip-Hop served as a reflection of the reality and conditions that its listeners experience. According to American Academy of Pediatrics, approximately 17% of male adolescents and 25% of female adolescents expressed that they liked their favorite song specifically because the lyrics were a reflection of their feelings. The youth is a particularly impressionable crowd. What they hear is vital to their growth and development as citizens of...
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...Club IT Club IT is an up-and-coming nightclub. The philosophy of the club is declared in the owners’ mission statement, “We, Ruben and Lisa, offer you live music, DJ's, dance space and refreshments that suit your lifestyle. You are our friends, and we seek to build a community that meets regularly at Club IT" (About Club IT, 2008, para. 4). Club IT’s primary clientele are young, upwardly mobile adults. Club IT offers their clientele a place to enjoy themselves socially in an atmosphere designed to promote social relationships. One of the strategies for competitive advantage chosen by Mr. Keys and Ms. Tejada is customer-orientation strategy. Rainer and Turban (2008) state that customer-orientation strategy is to “Concentrate on making customers happy” (p. 41). The purpose of a nightclub is for clientele to enjoy themselves. Club IT’s owners have remodeled the interior of the club to create an atmosphere of fun and energy (About Club IT, 2008). The owners have included several amenities to promote customer satisfaction. The layout of the club appears to be spacious with plenty of room to move around and mingle with friends and acquaintances. The type of appetizers and beverages vary widely and will appeal to a variety of tastes and personal preferences. The owners have planned for adequate staff including six wait staff and two stewards. Adequate staff is extremely important to promote customer satisfaction and will increase sales. Another important feature that promotes customer...
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...refer to it as hip hop, but either way this music has shape our culture as we know it. Hip Hop music started in the late 70’s in a borough in New York City Called the Bronx. MCs and DJs would perform for the crowds in local school yards, and parks. The music gives exposure to the harsh realities of what life was like living in the Ghettos all across America.With this music there was a style, a way the people dressed, dance, walked and talked, that reflected their harsh environment. The early rap artist would write their stories in the form of rhyming words. Record companies started to take notice of this new form on music and started giving these group record deals. As time went on the music grew, gaining more and more listeners.The rap artist would write songs about the clothing they wore or the car they drove and company pay attention to the growing demands. When Run DMC came out with the hit record “My Adidas” this made lots of people go out and buy the adidas shell top sneakers, because everyone wanted dress like RUN DMC. As the hip hop culture got even bigger, the record contracts started getting bigger contracts, this gave artist the capital to start up other businesses as such clothing lines,recording studios, and restaurants.The music also inspired other from the nations ghetto to do better, start small businesses selling everything from cassette mixtapes, to clothes, even selling food and you could always tell which businesses was inspired by hip hop music because most...
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...Philosophy of hip hop Student’s Name University Affiliation Report on Film ‘From Mambo to Hip Hop’ ‘From Mambo to Hip-Hop: A South Bronx Tale’ is an hour long documentary that narrates a story about the inventive life of the South Bronx, starting with the Puerto Rican immigration and the acceptance of Cuban rhythms to form the New York salsa resonance; enduring with the fires that damaged the neighborhood, but not the innovative spirit of its inhabitants; accounting the ascending of hip-hop from the ruins; and finishing with reflections on the influence of the neighborhood’s songs to make sure that the endurance of a number of generations of its people, and, in the course, take the world’s pop customs by storm. ‘From Mambo to Hip-Hop’ dances all the way through the account of a region that took care of two musical movements: the mambo that developed into salsa and the hip-hop that cropped up from the most distressed days of the South Bronx. Created by Steve Zeitlin and Elena Martinez , who are principals in the New York ‘folklore group City Lore’, and directed by Henry Chalfant, who is a longtime speaker of the South Bronx who worked together on a documentary from the early 1980’s “Style Wars,” “From Mambo” dashes by, driven by tempo that varies through the decades. Mambo and hip-hop are the type of dissolving pot experience that New York stirs and heats. Their ancestry is African, refracted through the Caribbean and the town. In their early stages...
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...CÔNG TY CỔ PHẦN FOREIGN TRADE FOOD 15, Đường D5, Phường 25, Quận Bình Thạnh, Tp Hồ Chí Minh Tel: (083) 212.1314. Fax: (083) 212.1314 TẠI ĐẠI HỘI ĐỒNG CỔ ĐÔNG THƯỜNG NIÊN 2012 Căn cứ Luật Doanh nghiệp được Quốc hội nước CHXHCN Việt Nam khóa XI kz họp lần thứ 8 thông qua ngày 29 tháng 11 năm 2005; Căn cứ Điều lệ Công ty Cổ phần FTFOOD; ĐẠI HỘI ĐỒNG CỔ ĐÔNG CÔNG TY CỔ PHẦN FOREIGN TRADE FOOD QUY ĐỊNH VỀ THỂ LỆ BIỂU QUYẾT QUYẾT ĐỊNH Thông qua Thể lệ biểu quyết tại ĐHĐCĐ thường niên 2012 Công ty cổ phần Hoàng Anh Gia Lai như sau: 1. Mọi nghị quyết, quyết định của ĐHĐCĐ thường niên 2012 của Công ty cổ phần FTFOOD như: Đề cử Chủ tịch đoàn, Ban thư kư, Ban kiểm phiếu và các quyết định khác của Đại hội đề ra phải biểu quyết công khai và trực tiếp; 2. Các nghị quyết, quyết định của Đại hội chỉ có giá trị khi số cổ đông sở hữu và đại diện sở hữu từ 65% trở lên tổng số cổ phần biểu quyết của tất các các cổ đông dự họp chấp thuận. Riêng việc thông qua Điều lệ Công ty cổ phần phải được ít nhất 75% số cổ đông sở hữu và đại diện sở hữu cổ phần biểu quyết; 3. Mỗi cổ đông có số biểu quyết được tính bằng tổng số cổ phần mà người đó sở hữu và đại diện sở hữu; 4. Thể lệ biểu quyết: a. Khi đăng kư cổ đông tham dự Đại hội, Công ty sẽ cấp cho mỗi cổ đông hoặc đại diện được ủy quyền có quyền biểu quyết một Thẻ biểu quyết. Trên mỗi Thẻ biểu quyết có ghi mă số cổ đông, tên cổ đông và tổng số cổ phần có quyền biểu quyết của cổ đông đó, các nội dung cuộc họp cần biểu quyết. b. Cổ đông sẽ thực...
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...What is it about music that it has continued from the time of the cavemen through today? People of the 21st century certainly are not all listening to the top 100 hits of the Medieval times. But music doesn’t take six centuries to change. Music is changing as we speak. For example, grandparents are often baffled by the musical choices of their grandchildren. Similarly, teenagers rarely understand how their father finds his tunes enjoyable. The answer to why music has continued throughout time is that music changes as time does. Music has three major styles throughout modern history as time has passed, from the rock and roll of the 50s, the pop music of the 70s, to hip hop and rap music still heard today. The 50s was known for many things...
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