Goats: The Green Alternative (B)

The owner of the goat herd had successfully rented part of his herd to clear the land at a nearby resort. The clearing contract for the complex generated a small profit and the owner is now evaluating the prospects of applying for similar clearing projects in the area. The owner believes that the profitability of …

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Medfield Pharmaceuticals

Susan Johnson, founder and CEO of Medfield Pharmaceuticals, faces conflicting recommendations to extend the patent term of the company’s flagship product, Fleximat, whose patent is expected to expire in two years. With only three other products in Medfield’s drug portfolio, one of which has just received approval from the US Food and Drug Administration, the …

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Jim Sharpe: Extrusion Technology, Inc. (A)

Jim Sharpe, 11 years after receiving his MBA from Harvard and working for others, is finally his own boss and 100% owner of a manufacturer of aluminum extrusion profiles. After 10 months of unfunded search, he acquires the company in an LBO and prepares to face his employees on the first day.

Universal Display Corporation: Go Long or Short?

In this case, the student will be asked whether a portfolio manager should take a long or short position in the shares of Universal Display Corporation (PANL). The stock is polarizing as reasonable arguments could be made for both long and short positions. The case suggests a series of steps an analyst might take when …

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New Hope Liuhe: Building an Integrated Agri-Food Business

In October 2018, LIU Chang (Angela), president of Beijing-based New Hope Liuhe (NHL), reflected on the company’s strategy. With sales of $ 9 billion and a presence in nearly 20 countries, NHL was China’s largest animal feed manufacturer and one of the leading producers and processors of pork and poultry. The company also marketed a …

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Abengoa S.A.: The Unveiling or Unraveling of a Bold New Strategy?

Shortly after the launch of its new Assetlight strategy, which consists of dividing its operating structure into three distinct units, Abengoa S.A. before a crisis when its share price falls by half as investors have doubts about the parent company’s guarantee for a newly issued green bond.

Measuring Interim Period Performance

Covers intermediate accounting goals, theories, and practices. Specific financial analysis concerns related to this topic will be discussed. A rewritten version of a previous note.

Note on Credit Derivatives

It provides the basic underlying model for credit risk analysis and covers basic credit risk derivatives such as asset swaps, credit default swaps, total return on rate swaps, and credit spread options.

City of New York

This case examines the economy of a community and then examines its financial condition from the perspective of a bond rating company.