Monmouth Case Study free essay sample

In Table 1 we compare Robertson’s efficiency ratios to the industry average: Efficiency Ratio| Robertson| Industry Average| Collection Periods| 69| 52| Inventory % Sales| 15%| 5%| Operating Margin % Sales| 17%| 33%| Return on Capital| 13%| 6%| As the comparison suggests, there is considerable margin for improvement in Robertson’s inventory management and operating margin. However, even in these circumstances, the company has an above average Return on Capital and collection period; as such, there is considerable potential for upside under a new management team with tighter, more efficient controls. 2) In general, how might an acquisition benefit the acquiring firm’s shareholders (give four or five generic ways)? In the specific case of Robertson: Why is Robertson an acquisition target? Why are Monmouth and the other parties interested? Usually, an acquisition is pursued for some or all of the following reasons: * Increasing market share and geographical reach * Realizing revenue (cross sales / up sales) and expense synergies (redundancies, rents) * Diversification of products (or conversely, divesting to focus on core businesses) * Reducing tax liabilities (buying a loss maker) * Acquiring talent, especially if the target is a start-up * Vertical integration In many ways, Robertson is a textbook acquisition target; it has a large number of openly held shares, it trades below its book value and is managed in an ineffective way. We will write a custom essay sample on Monmouth Case Study or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page In essence, this means that taking over Robertson can be profitable even without any synergies. Simmons, whose actions are more typical of those of a financial buyer rather than strategic buyer, hopes to gain control, replace the board and unlock the underlying value of Robertson through broad changes to the way the business is run, including aggressive cost cuts and elimination of product lines. Monmouth, a typical strategic buyer, is looking to work together with existing management in 3 key areas: * Focusing on a limited number of profitable products, thereby reducing COGS from 69% of sales to 65% of sales, * Personnel redundancies reducing SGamp;A expenses from 22% of sales to 19% of sales * Revenue synergies, mostly focused on cross-selling and opening new markets for Monmouth’s products through Robertson’s European distribution system NDP, which most likely was approached by Robertson, rather than the other way around, is a â€Å"white knight† looking to capitalize on a good deal (and possibly other privileged terms) offered under the pressure of a hostile takeover. Valuation 3) Estimate Robertson’s value per? share using Firm Value/EBIAT and P/E multiples for all comps and both recent Robertson data and operating improvement forecasts (where Firm Value in Exhibit 6 refers to market value of equity plus book value of interest bearing debt). D etermine a price range. What pitfalls do you see in this exercise? What would you do to alleviate them? First, we assume that the definition of Firm Value refers to net debt, that is book value of debt minus cash. The only companies comparable with Robertson are Actuant, Lincoln Electric, Snap-On and Stanley Works; the other companies have a different business focus, and therefore must be excluded from the valuation. Even so, there is a large discrepancy between the size of Robertson, with an Enterprise Value of $29 million, and the average comparable company, with an Enterprise Value of $1. 5 billion. There may be little relevance towards Robertson, which carries significantly more risk due to its small size; it is evident from the information available that bond rating correlates well with company size. In the absence of a different set of companies, with a smaller market capitalization, we observe the following estimations for Robertson.

Weight Problems Regerian Essays

Weight Problems Regerian Essays Weight Problems Regerian Essay Weight Problems Regerian Essay 2013. Web. 15 May 2013. Bjelkengren, Catarina. The Impact of Mass Decompounding on Assessing the Value of Vehicle Lightweighting. MIT. Massachusetts Institute of Technology, June 2008. Web. 16 May 2013. Compare Summary Autos. MSN Autos. Microsoft, 2013. Web. 15 May 2013. Conlon, Christopher T. A Dynamic Model of Prices and Margins in the LCD TV Industry. Columbia University. Columbia University WAC, 02 Nov. 2012. Web. 15 May 2013. Day, Natalie. Fat Children. Indiana Review Issue: 31. 1 (2009): 115. Literary Reference Center. Web. 15 May 2013 Energy Efficient Technologies. FuelEconomy. gov. U. S. Department of Energy, n. d. Web. 15 May 2013. Environmental Impacts from Automobiles. US EPA. US Environmental Protection Agency, n. d. Web. 15 May 2013. Gas Mileage Tips Driving More Efficiently. FuelEconomy. gov. US Department of Energy, n. d. Web. 15 May 2013. Inflation Calculator. U. S. Department of Labor. U. S. Bureau of Labor Statistics, n. d. Web. 09 May 2013. Paula, Matthe w De. Design Disasters: Three Ways Cars Are Getting Worse. Forbes. Forbes Magazine, 27 Apr. 2011. Web. 15 May 2013. Protect the Environment On the Road. EPA. Effects of Upsized Wheels and Tires Tested. Car and Driver. Hearst Communications, Inc. , Apr. 2010. Web. 15 May 2013.

Looking the Part: What to Wear to Your College Interview

There are myriad circumstances in your life where you may have to dress for a certain role. You might be on a sports team, in which you wear your jersey the day of an important game. Maybe you’re having dinner with your grandparents so you put on some clean, ironed pants and a nice shirt. Or maybe you’re all dolled up and headed to the prom. Different circumstances call for different attire, and when you near the end of your high school career, you’ll enter new territory in this regard. There will be special events, graduation and graduation parties, and of course, college interviews. Preparing for interviews can be stressful. You are probably busy thinking about how to answer possible interview questions, planning how you’ll frame your unique experiences and communicate who you really are. You might be so busy thinking about what you’ll say and talk about during the interview that you don’t spend much time anticipating what you’ll wear to the actual interview. It can be hard to decide what to wear to a college interview, especially if you’ve never interviewed for something similar. In this post, we’ll outline how you can play the part so that you make a positive first impression and show that you are serious about your college ambitions. Because many students spend time stressing about how to dress for interviews, some colleges now specify the appropriate attire. If you interview confirmation specifically states that you may dress casually, you should do so, assuming that you aren’t wearing any ripped clothing or inappropriate logos. But if your interview confirmation specifics business casual or doesn’t offer any insight at all, keep reading. With our top tips for how to dress and prepare yourself outwardly for the college interview, you’ll be able to let your mouth do the talking, not any flaws or missteps in your appearance.   You will need to choose clothes that look business appropriate. These are the kinds of things you would wear to a formal class presentation if you wanted to make a really positive impression. Your clothing should be modest and simple, but clean and crisp. A good general rules of thumb is, if you wouldn’t wear it to a family dinner with your grandfather, don’t wear it to an interview. What does this entail exactly? You don’t need a full suit or anything, but you should at least look clean and put-together. Try to avoid any large brand logos on your clothing and certainly avoid jeans or t-shirts. If you’re a boy, you should consider wearing dress pants or khaki pants paired with a collared shirt. Be sure to tuck your shirt in and wear a belt so that your pants fit snugly and no undergarments are visible. If you’re a girl, you should consider wearing dress pants or a knee-length skirt or dress. Pair these with a simple blouse or business appropriate sweater. Be sure that none of your undergarments are visible through your clothes.   Your shoes should be appropriate and polished. You should not wear any sneakers, platforms, or high heels over 3†. Make sure that your shoes are not exceptionally scuffed or worn. If you don’t already have a pair of nice, professional shoes, now is the time to invest in a pair. You will need them beyond the interview for jobs and other events in college.   Be sure to leave most of your fashion accessories at home or in the car. You should not wear or bring any sunglasses or hats to the interview. These types of accessories are more likely to distract attention from what you have to say. The same is true of piercings. If possible you should remove all visible piercings except for earrings. If you do wear earrings, or any other jewelry, it should be modest and not distracting. Hopefully this goes without saying, but you don’t want to show up for the interview with last night’s pizza on your chin or the stench of yesterday’s workout lingering under your arms. Be mindful of arriving for the interview having recently showered, brushed your teeth, and used deodorant. This shows that you have planned ahead and taken it seriously. Beyond that, be careful not to apply too much perfume or cologne before your interview. For people who are not used to the smell, it can be overpowering and/or unpleasant. Some people are even allergic to strong perfumes. If you do choose to wear perfume or cologne, just a small amount will suffice. Again, your outward appearance should convey that you are taking the interview seriously and are respectful of the process. You should look composed, but not over-the-top. For girls, makeup should be natural and light. Don’t wear bright lipsticks, eyeshadows, or anything else that might distract from what you have to say.   For boys, make sure to shave or trim your facial hair. Having a beard or a mustache is of course fine, but it should be well-kept. Remember that your facial hair is an indication of your care and preparation. Even if you normally wear it ungroomed, you should trim and groom for this occasion. Estimating your chance of getting into a college is not easy in today’s competitive environment. Thankfully, with our state-of-the-art software and data, we can analyze your academic and extracurricular profile and estimate your chances. Make sure to iron your clothes before the interview. Even completely appropriate attire will appear unprofessional if you arrive with it wrinkled. If you are traveling from afar and won’t have the opportunity to change into your interview clothes after you arrive, be sure to bring a wrinkle release spray. Practice using it at home. Mist your clothes from a distance, smooth out wrinkles with your hands, and allow the spray to dry. Also think about small impressions, such as the watch or the socks that you’re wearing. If they don’t fit the part, leave them at home. Top it all off with a conservative hairstyle. There’s no need for mohawks or wild colors for this event. Remember, again, that you want the focus to be on you and what you have to say, not on what you’re wearing or how you’ve done your hair. Despite wearing clothes that are outside of your normal wardrobe, try to feel comfortable in what you choose for the interview. Make sure that everything fits comfortably so that you won’t be adjusting your clothing or distracted by it during the interview. Also, try to stay true to yourself even if you’re wearing something out of the ordinary. There are plenty of methods to incorporate your own sense of style in subtle ways that won’t overpower the rest of your image. A small piece of jewelry, a scarf, or cufflinks are some ideas.   Remember, this is a college interview and your interviewers expect a high school student to walk in the door. They are not looking for a lawyer or a CEO. There is no need for a complete three-piece suit unless that’s what makes you feel most comfortable. Similarly, if you don’t normally wear high heels, today is not the day to try them out for the first time. Your interview attire should be something that makes you feel comfortable and composed while conveying that you take the process seriously and are respectful of the institution and the interviewers. There’s no need to spend lots of money on expensive clothing. A few polished staples that you can reuse for other events will do just fine. Finally, don’t forget that no matter what you choose to wear, it won’t have any impact if you can’t complete the image by backing it up through your own actions. Your body language is just as important a part of your outward appearance as anything you’re wearing. When you walk into the interview, even if you are feeling nervous, put a smile on your face, make eye contact, and shake hands with a firm grip. As you do so, introduce yourself and thank your interviewer(s) for having with you. At the end of the interview, do the same and thank the interviewer(s) for their time. Tell them that you’ve enjoyed speaking with them and look forward to exploring your options at their institution. This advice might seem overwhelming if you feel like you don’t look the part of the aspiring college student. Maybe you have some visible tattoos or piercings that can’t be removed. Maybe your wild hairstyle or color can’t be changed, or perhaps you just can’t get through the interview without your fluorescent pink plaid lucky socks. If this is the case for you, don’t worry; this isn’t the end of the world. If there is a glaringly obvious component to your appearance that seems unusual or even out of place, relax. You won’t be the first interviewee to present an unusual image. Rather than allowing it to be the elephant in the room, bring it up during the interview as a talking point. The interview is meant to get to know you better as a candidate and what better way than discussing how your appearance reflects who you are? Be confident in yourself and offer some insight so that the interview committee isn’t left wondering.       College interviews can be a stressful time, especially if you’re about to have your first one. Remember that if you prepare ahead, remain true to yourself, and go into the interview with confidence, you will put your best foot forward. There are few opportunities in life where you get to talk so much about yourself, and it can feel awkward at first, but with some practice and a little reminder to be yourself, the interview process can be comfortable and even fun. If you are nearing college interview time and you need some more help preparing, whether it’s choosing your attire or preparing your talking points, consider our ’s Mentorship Program , which provides practical advice on topics from high school activities and college applications to career aspirations, all from successful college students who have been in your shoes.

Mesozoic History Essay Example | Topics and Well Written Essays - 500 words

Mesozoic History - Essay Example The sediment part from the bone is removed. Acid is used for preservation but in a very little amount as the bone is constructed of calcium carbonate and calcium phosphate. Ascetic acid and formic acid are commonly used for the purpose. The dinosaur bone that I own is from the Mesozoic period. Dinosaur bones are very helpful as index fossils and there are some specific reasons behind this phenomenon. First of all, dinosaur bones can be traced very easily. Understanding the age to which they belong is not hard if someone deals with the index fossils. Invertebrate Life: there were a few life forms existing during this period. Shells of silica and calcium carbonate are the two main forms. Class Sardonica was very important during this time. Marine invertebrates developed rapidly during the Mesozoic period. Vertebrate Life: there were three distinguished sections in Mesozoic vertebrate life and they were: sauropod, theropod and ornithischian dinosaurs. Dinosaurs were among the best known creatures which dominated the world at that period. Plant Life: this was the era when some of the major plants existed. Among them the mentionable ones are ginkoes, ferns and cycads. There were also some flowering plants present in the Mesozoic era too. Insect pollinating was one of these plants' characteristics. Mesozoic was a period the dinosaurs are believed to have become extinct from the world.

South Dakota Higher Education Funding Policy Essay

South Dakota Higher Education Funding Policy - Essay Example The State of South Dakota should enact a better higher education funding policy to enable more students to enroll in local colleges and Universities. Hook: Did you know, for three years running (2009-2011), the State of South Dakota were fourth from the bottom in graduate school enrollments nationwide? Moreover, out of 26 higher education institutions, only eleven are public schools. Introduction I.  There is a dire need for financial support in most of the public schools in South Dakota due to a shortage in state funding (Pullman, par. 4). II.  The State of South Dakota should enact a better higher education funding policy to enable more students to enroll in local colleges and Universities. Indictment  Ã‚   I. The number of students enrolling into universities in South Dakota has reduced  significantly due to the current higher education funding policy.  Ã‚   A. According to Joy Smolnisky (2013), the State of South Dakota has consistently lagged behind in terms of per-student funding for education compared to surrounding states’ and national average.

Of Mice and Men - Character study of Curlys wife Essay Example for Free

Of Mice and Men Character study of Curlys wife Essay The novel Of Mice and Men is set in America and is about two travelling workers who have been chased off one ranch because Lennie, one of the men did not know how to behave himself. Lennie is large, heavy and ponderous and George is small quick, dark, sharp and restless. Another tragedy happens on the ranch like in weed because Lennie used his strength to kill Curleys wife. I can sympathise with Curleys wife although she was a flirt with the other men she was not expecting to be killed by Lennie. We first meet Curleys wife in chapter two. She is described as heavily made up and wears tarty red shoes. She poses her figure outlined in the doorway of the bunkhouse and is always aware that men are looking at her. This makes me think that she is just looking for attention from the men. George shows the reader that he does not like Curleys wife because George tells Lennie that she is jailbait and for Lennie to stay away from her. Lennie sees her as an attractive young lady but she is really just a threat to the men on the ranch. In chapter three there is a big fight involving Curly and Lennie. Curley has not liked Lennie since he was looking at Curleys wife so Curley just lost his rag and started punching Lennie but then Lennie just reached for Curley and just grabbed his hand and started squeezing his hand and his hand crumbled in Lennies hand, George told Curley to tell everybody that he got his hand caught in the machine and that is what he told everyone. This just shows how Curleys wife is acting like a tart and a flirt to get all the men in trouble with Curley.Curley feels insecure because of his wifes behaviour. In chapter 4 Curleys wife was heavily made. I can sympathise with her because all she is trying to do is make some friends on the ranch but every time she tries to talk to someone they all think she is trying to flirt because she is desperate for attention because she has got an unhappy marriage with Curley and that the men think that she is trying to get them in trouble with Curley.I fell sorry for Curleys wife because on the ranch she was all alone. In chapter 5 we learn that Curleys wife had a dream to be in the movies. I do feel sorry for Curleys wife because she could have been in the movies but that was just a pipe dream because now she is stuck on the ranch married to Curley with no friends. Curley and his wife have only been married for two weeks and already they both hate it being together on the ranch. I think Steinbeck is trying to get across to the readers that she has no one in the whole world that cares for her. Her death was brutal and quick, at first lennie was just playing with the pup then he broke its neck and that is what he done to Curleys wife. My final thoughts on Curleys wife is all she was trying to do is make friends on the ranch but she just got pushed out everyone. In chapter six it is hard to feel sympathy for her because she was flirting with the men but she did not deserve to be killed by Lennie. I feel sympathy for Curleys wife although she was a big flirt and she got treated badly by Curley, she did not deserve to be killed. I think Steinbeck included Curleys wife in the story because I think that she makes the story interesting because she is the story.

Suggestion of Narrator in Edgar Allan Poes The Masque of the Red Death :: essays research papers

Edgar Allan Poe?s ?The Masque of the Red Death? provides many allusions as to who, if anyone, narrates the tale. The narrator witnesses all the events within the sealed abbey and lives to tell the tale. However, it is certain that everyone in the abbey dies at the end, after exposure to the Red Death. This seems to clearly indicate that it is not possible for any guest to be the narrator, unless someone can supernaturally foresee the future. This also rules out the possibility of the narrator being Prince Prospero, despite the emphasis in the story placed on wealth and beauty, indicating a more pragmatic perspective from whoever is narrating. There is also the possibility that the tale is written by a dying guest who makes an astonishingly accurate assumption of the end result of events. This leaves one to ponder whether there is, in fact, no intended narrator, or rather, an abstract narrator, such as the Red Death itself. Can one consider that Poe was merely careless and that the inclusion of three first-person pronouns1 is meaningless, indicating there is no narrator? This would, however, be quite an aberration of Poe?s tendency to pay such close attention to the usage of language in his works. Relating to recurring concepts in Poe?s writing, his dreadful fear of death could be the reason why the narrator may be the Red Death itself. The strongest evidence is that the narrator is aware of all the events within the story, while at the same time reporting it, and is able to tell what happens at the very end-the point at which everyone within the abbey is dead. Also apparent is the language used to describe the guests? reaction to the masked figure, which is somewhat indicative of a personal opinion. The narrator never blatantly appears in a scene, but is always there and knows of all happenings. Even then, the narrator is only ever revealed as the one who tells of events2. He highlights and describes events as if he were an outside party, when, in actuality, he is within. Could the narrator be omniscient, perhaps the super ego of Poe himself?