consumer packaged goods; Finance; Ackman argued that the company was materially underperforming its potential and could substantially improve its operating margins. mining; | Journal of Economics and Business, Explaining the Term Structure of Interest Rates: A Panel Data Approach. (Revised March 2019), Emil N. Siriwardane and E. Scott Mayfield, Case capital structure; September 2000
Capital Structure; ", "Molycorp: Issuing the 'Happy Meal' Securities (B). February 2019, Showdown at Mountain Pass: Bidding for Neo Materials, Teaching Note May 2015 discounted cash flows; It also analyzes reviews to verify trustworthiness. Earnings Guidance; ", "Interest Rate Parity and the Exchange Risk Premium. Initial Public Offering; Corporate Strategy;
215-058 and 215-059. Earnings per Share (EPS); Keywords: Markets; October 2018, Case | | HBS Case Collection Negotiation Offer; In July 2017, shares of Automatic Data Processing, Inc. (ADP) surged 12% following a report that the activist investor Bill Ackman had acquired a sizable stake in the company and planned to nominate his own slate of directors at the company’s annual meeting in November.
| HBS Case Collection | HBS Case Collection October 2016, Case
Valuation; There's a problem loading this menu right now. Abstract. Fibria Celulose, a Brazilian supplier of kraft pulp, joined the program in 2013, but was re-evaluating the costs and benefits of participating in the SCF program in the summer of 2015. | Consumer Products Industry; Valuation; Canada; Teaching Note Prior rejoining the faculty in 2011, Professor Mayfield was an assistant professor and member of the Finance Unit at HBS from 1997 to 2001. United States; Case June 2014 ", "Underwater Engineer at Intel Corporation. (Revised March 2015), Molycorp: Issuing the 'Happy Meal' Securities (B). | Financial ratios; | HBS Case Collection
California; Teaching Note ADP vigorously rebutted Ackman’s assertions, arguing that none of his ideas were new and that ADP shares had outperformed the market. Vertical Integration; NetFlix.com, Inc (Harvard Business School [case studies]) Unknown Binding – January 1, 2000 by E. Scott Mayfield (Author) See all formats and editions Hide other formats and editions. Payout policy; HBS maintains all application information in strict confidentiality. Mergers and Acquisitions; Keywords: Interest Rates; Rail Transportation;
payoff diagrams; Created for senior managers who are not financial specialists, this Executive Education program provides a thorough foundation in finance. | The case provides opportunities to discuss the benefits and costs of going public, including valuation implications, and illustrates the choices faced by a prospective IPO firm that operates in a global setting. | | HBS Case Collection
growth strategy; Denmark; Investment; bond pricing; Industrial Products Industry; | Financial Strategy; Yet it had just reported lower than expected revenues and earnings for the second quarter of 2012. Information Technology Industry; The firm and its underwriters had just issued a prospectus and were now in the process of lining up investors for the offering. Date Written: October 1999. financial statement analysis; Valuation;
corporate treasury; | Due to a series of regulatory changes in Australia in recent years, the IPO provided an opportunity for S&G to become the first publicly-traded law firm in the world. ". The challenge of the case is to understand why Molycorp used this financing strategy and what impact it would likely have on the firm, its prospects, and its stock price. Keywords: Insurance Industry; Keywords: Business Model; Eugene Soltes is an assistant professor of business administration at Harvard Business School. He currently teaches in the Executive Education program "Program for Leadership Development. Cash Flow;
Keywords: Business Model; Financial Strategy; Canada; Risk and Uncertainty;
Then you can start reading Kindle books on your smartphone, tablet, or computer - no Kindle device required. consolidator; The firm could list on Euronext in Paris, close to the firm's headquarters in southern France, on one of the large exchanges in the U.S., or perhaps in Asia, where much of the firm's future growth is expected. Finance for Senior Executives is designed to meet the needs of senior managers in large established companies who are not financial specialists, but are called upon to make decisions or formulate strategies based on important financial input or outcomes. Debt Securities; Negotiation Offer; Financial Services Industry; Cost of Capital; | Physical Review, A, Nonparametric Estimation of the Correlation Exponent, Case As a shareholder and an employee, Molly must assess the pros and cons of Intel's proposed exchange program from both perspectives. | After reporting lower than expected revenues and earnings for the second quarter of 2012, management needed to design a new funding strategy for the firm.
| Prior rejoining the faculty in 2011, Professor Mayfield was an assistant professor and member of the Finance Unit at HBS from 1997 to 2001. ", "Canadian Pacific's Bid for Norfolk Southern. accounts payable; Leadership; Stocks; Article July 2018 This paper provides a methodology for estimating the market risk premium based on the underlying process governing the level of market volatility. His current research focuses on the valuation and financing of startup ventures. Data and Data Sets; Recently appointed CEO Craig Arnold must decide whether this deal makes sense strategically and financially. October 2001. Accrual Accounting; | In August 2012, Molycorp announced it would issue $120 million of equity and $360 million of convertible debt. Valuation; We also show how futures prices can be used to discriminate among the models and to estimate better key parameters of the model chosen. roll-up; Financial Services Industry; There was an error retrieving your Wish Lists. hedge funds; To make her investment decision, Rosen had to understand the value implications of the firm's business model and its growth strategy, as well as the relevant risks. Initial Public Offering; April 2018 ", "On Determining the Dimension of Real-Time Stock Price Data. convertible debt; | Mining Industry; Corporate Finance; October 2015, Case Over the months that followed, Ackman and ADP engaged in an increasingly acrimonious battle of words about the future of ADP. The firm had opportunities to serve customers in ways that would be associated with higher growth but lower margin. Professor Soltes has taught in both the MBA ("Financial Reporting and Control") and Executive Education ("Driving Corporate Performance") programs. banking; Startup; Value Creation; mining;
In making this choice, shareholders needed to consider a single, critical question: Is ADP achieving its maximum potential? ", "Molycorp: Morgan Brothers' Reverse Convertible Notes (C). |
After successfully achieving its first roadmap, the firm announced a second 5-year roadmap known as the "2015 EPS roadmap.". | HBS Case Collection valuation; United States; Case Typical participants are responsible for managing a functional area, department, or division at the senior level, including those with roles in operations, marketing, information technology, human resources, research and development, production, legal affairs, or financial administration. | In the unlikely event that you do not receive an acknowledgment, please email us at exed_admissions@hbs.edu or call us at +1.617.495.6226. Companies around the globe recognize that executives must have a firm grasp of finance to maximize profitability. Following weeks of due diligence, Tesla and SolarCity finalized their merger agreement and worked to justify the transaction. Valuation; Financial Strategy; debt securities; Cash Flow; Article Startup; Mining Industry; To calculate the overall star rating and percentage breakdown by star, we don’t use a simple average. Molycorp, the Western hemisphere's only producer of rare earth minerals, was in the middle of a $1 billion capital expansion in its effort to become a vertically integrated supplier of rare earth minerals, oxides, and metals. In the weeks following its public debut, Peloton’s stock price fell by over 25%.
Transformation; Case Harvard University - Business School (HBS) Date Written: May 27, 2016. May 2015 Abstract. Value Creation; Cash Flow;
There was a problem loading your book clubs. | Mergers and Acquisitions; Keywords: Capital Structure; Scott E. Mayfield. uncertainty; Change Management; Share Repurchases; NetFlix.com, Inc (Harvard Business School [case studies]), Harvard Business School Publishing (January 1, 2000). Markets and analysts were mixed in their reaction to the announcement; some thought the deal would be a distraction to Tesla management at a critical time; others thought it was a “bailout” of SolarCity. | HBS Case Collection Keywords: Price; A model of commodity price movements is the engine around which any valuation methodology for commodity production projects is built, whether discounted cash flow (DCF) models or the recently developed modern asset pricing (MAP) methods. To facilitate the issuance of convertible debt, the firm entered a "share lending agreement" with Morgan Stanley whereby Morgan Stanley would borrow shares from Molycorp in a transaction referred to as a "Happy Meal." Metals and Minerals; law firm; Finance; Case Capital Budgeting;
This paper provides an overview of several basic commodity price models and explains the essential differences among them. Growth Management;
Keywords: Business Model;