Student Research This report is published for educational purposes only by students competing in the CFA Institute Research Challenge. Food and Beverages ORIOR GROUP Recommendation: ● BUY Price Target: ● CHF55.31 Ticker: ● ORON Price: ● CHF46.5 (01 Dec 11) Year EPS (CHF) P/E ratio 2010 4.55 10.2 2011E 3.53 13.2 2012E 3.71 12.5 Source: Company data and self estimated Highlights • Buy recommendation with a target price of CHF 55.3, offering a 19% upside from current stock price as of
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Group Newspaper Ltd (Costs) HL (2005) A model sues a newspaper for breach of confidence. The case go through HC and CA. On appeal to HL, Campbell solicitors and barristers work on a CFA basis (95% success fee for solicitors, 100% success fee for barristers. She wins case (3,5000 compensation awarded) + costs (1, 086, 295 inc. success fee of 279, 981) The claimant appealed against the denial of her claim that the defendant had infringed her right to respect for her private life. She was a model
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1. Explain what efficient market hypothesis is. ` In a simple statement, the Efficient Market Hypothesis (EMH) means that security prices fully reflect all available information (Fama, 1991). There are three forms of EMH. Weak Form EMH Semi-Strong Form EMH Strong Form EMH • All past prices of a stock are reflected in today's stock price. • Technical analysis cannot be used to predict and beat a market. • All public information is calculated into a stock's current share price. • Neither fundamental
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courses 242 Imperial Research Assessment Exercise 2008 (% 4* and 3*) 1 Imperial College London 72.9% 2 University of Cambridge 71.2% 3 University of Oxford 70.3% 4 London School of Economics 68.4% 5 University College London 65.8% 6 University of Manchester 65.4% 7 University of Warwick 64.9% 8 University of Essex 62.9% 9 University of Edinburgh 62.8% 10 Queen Mary, University of London 62.6% Business School Rank 1 2= 2= 5= 5= 5= 9= 9= 9= RAE 2008 Business & Management London Business School
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Chapter 12 Macroeconomic and Industry Analysis 1. A top-down approach to security valuation begins with an analysis of the global and domestic economy. Analysts who follow a top-down approach then narrow their attention to an industry or sector likely to perform well, given the expected performance of the broader economy. Finally, the analysis focuses on specific companies within an industry or sector that has been identified as likely to perform well. A bottom-up approach typically
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Goals Essay It is critical in the goals essay found in almost every MBA application to show that you have clear direction and purpose based on experience and planning. Business school is not another opportunity to "find yourself." 8:00 AM. July 1, 2030. The 23rd floor of the Bank of China Tower in Hong Kong. A woman sitting behind the mahogany desk calls a Shanghai trader to buy 200,000 shares of Alibaba stock. Moments later, she dashes into a videoconference with Tokyo analysts. When the conference
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8:00 AM. July 1, 2010. The 23rd floor of the Bank of China building in Hong Kong. A woman sitting behind the mahogany desk calls a Shanghai trader to buy 200,000 shares of China Telecom's stock. Moments later, she dashes into a teleconference with Tokyo analysts. When the teleconference finally concludes two hours later, the woman rushes down the stairs, hails a taxi to the Chek Lap Kok Airport, catches a flight to Thailand, and ends her day with a meeting with the CFO of DynaTech Computers. I look
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and indirect influences of ethical leadership and unit-level norms, standards, and sanctions pertaining to ethical behavior transmitted across multiple levels of an organizational hierarchy in this study. The researcher develop and test a model linking ethical leadership with unit ethical culture, both across and within organizational levels, examining how both leadership and culture relate to ethical cognitions and behaviors of lower-level followers. They develop a multilevel model in which ethical
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provided millions of dollars in food donations all across America, in 2009-2011, Chick Fil A invested $13.5 million in day camps and overnight camps for thousands of boys and girls, and Chick-fil-A donates $3 million per year to operate 12 foster homes” ( CFA 2016). Another good thing that Chick Fil A does is not opening on Sunday’s for religious reasons. According to QSR Magazine (2015) Zaxby’s social responsibilities consist of the Make-A-Wish foundation where they donated $500,000 in 2015, bringing the
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International Trade and Finance ECO/372 July 30, 2012 Alexander Heil International Trade and Finance When the US has a surplus of imports it affects the companies in the US that make the same product. A study sponsored by the solar power industry has concluded that the United States ran a trade surplus of $1.88 billion in solar technologies in 2010, as exports of raw material and factory equipment for the solar sector outpaced imports of finished solar panels. China has a rapid
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