Search results
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Britannia Chemicals PLC (B): The Merseyside and Antwerp Projects
Schill, Michael J.; Bruner, Robert F.; McTigue, Frank H.Case DARDEN-F-1976FinanceBritannia Chemicals was under pressure from investors to improve its financial performance because of the accumulation of the firm’s common shares by a well-known corporate raider. Earnings had fallen to 180 pence per share at the end of 2017 from around 250 pence per share at the end of 2016. This B case reviews the same project as the A case (F-1906) but from one level higher: the executive vice president faces an either/or investment decisio...Starting at €5.74
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Britannia Chemicals PLC (A): The Merseyside Project
Bruner, Robert F.; Schill, Michael J.Case DARDEN-F-1906FinanceBritannia Chemicals was under pressure from investors to improve its financial performance because of the accumulation of the firm’s common shares by a well-known corporate raider. Earnings had fallen to 180 pence per share at the end of 2017 from around 250 pence per share at the end of 2016. The manager of Merseyside Works, a production plant owned by Britannia Chemicals, thus believed the time was ripe to obtain funding from corporate headquar...Starting at €8.20
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Britannia Chemicals PLC (A) and (B) - Teaching Note
Bruner, Robert F.; Schill, Michael J.; Eades, Kenneth M.; McTigue, Frank H.Teaching Note DARDEN-F-1906TNFinanceTeaching note for product F-1906Starting at €0.00
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Mary Washington Pediatrics - Teaching Note
Schill, Michael J.Teaching Note DARDEN-F-1877TN-EFinanceTeaching note for product F-1877Starting at €0.00
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Nelson Nurseries
Schill, Michael J.Case DARDEN-F-1944-EFinanceThis case captures the problems concerning cash flow and working-capital management typical of small, growing businesses. At the end of 2020, Roger and Christine Barton have completed their third year of operating Nelson Nurseries, a $1-million-revenue woody-shrub nursery in central Virginia. While experiencing booming demand and improving margins, the Bartons are puzzled by their plummeting cash balance. The case highlights the difference betwee...Starting at €8.20
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Understanding Risk: Systemic versus Idiosyncratic
Schill, Michael J.Technical Note DARDEN-F-1973-EFinanceUsing the fictional situation of two brothers facing the challenge of managing a commodity business in central Africa, this note explores different metrics for risk and related considerations for investors. The note considers measures of volatility, including the difference between systematic risk and idiosyncratic risk, and how diversification reduces idiosyncratic risk. The note uses these concepts to motivate the foundations of portfolio risk ...Starting at €8.20
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The Profitability Index
Schill, Michael J.Technical Note DARDEN-F-1945-EFinanceThe well-known net present value (NPV) rule advocates accepting all investment projects that have a positive NPV. The NPV rule makes economic sense since positive-NPV projects are expected to create economic value. But what should a manager do if the totaStarting at €8.20
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Chestnut Foods (B)
Schill, Michael J.; Briceno, Frank; Stevenson, DonaldCase DARDEN-F-1974-EFinanceAfter a period of poor stock-market performance, conglomerate Chestnut Foods (Chestnut) faces the acquisition of its stock by an activist investor. The new investor demands the sale of Chestnut’s high-growth division, which contrasts with the CFO’s turnaround plan to expand this same division. To disentangle the way forward for Chestnut, students are invited to grapple with the risk-adjusted performance of each division and the estimation of divi...Starting at €5.74
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Chestnut Foods (B) - Teaching Note
Schill, Michael J.Teaching Note DARDEN-F-1974TN-EFinanceTeaching note of product F-1974Starting at €0.00
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Financial Theory Foundations
Schill, Michael J.Technical Note DARDEN-F-1548-EFinanceFinancial theory seeks to explain how buyers and sellers in financial markets price contracts to exchange money across time and across risk profiles. Using rules of agent behavior, theory generates financial models that attempt to predict the fair prices of the securities in financial markets. To make the models simple enough to be used in practice, theorists make simplifying assumptions about the characteristics of markets and market participant...Starting at €8.20