Financial Detective, 1996 Essay Sample
Newspapers:
1 ) Centralized ( Worlwide ) -NEW YORK TIMES
Fierce competition monetary value depends on the market
More efficient
° Higher stock list bend L
° Beta closed to 1. 00 ( worldwide ) Liter
2 ) Decentralized ( Midwest ) -LEE ENTREPRISE
Monoplolist monetary value like you want
° Higher gross border K
° Higher other assets ( good will ) K
Steel:
1 ) Big-INLAND
° Lower receivable bend O
° higher D/E ( older. stable ) O
2 ) Small-NUCOR
° Higher P/E P
° Higher borders P
Beers:
1 ) National-ANHEUSER-BUSCH
° Higher stock list turnover M
° Higher debt to equity ( more debt than hard currency ) Meter
2 ) Micro-BOSTON BEER CO.
° Higher P/E ratio ( immature ) Nitrogen
° Higher A/P ( outsourcing ) N
° Higher ROA ( non batch of assets ) N
° No dividend ( IPO ) N
° Higher hard currency ( IPO ) N
° No Beta ( IPO ) N
° Higher gross border ( niche market ) N
RETAIL
1 ) National-SEARS
° Lower receivable bend G
° Higher D/E G
2 ) Cat. Killer-HOME DEPOT
° Lower gross border H
° Higher P/E ( fast turning ) Hydrogen
° Inventory ( merely assets ) H
° Higher assets turnover ( doesn’t have any assets ) H
Health PRODUCTS
1 ) Mass Market-J & A ; J
° Higher stock list turnover A
° Higher receivable turnover ( quicker ) Angstrom
2 ) Ethical-Lily
° Higher gross border ( forms. monopolistic ) Bacillus
Family Appliances
1 ) Quality ( ain trade name name ) -MAYTAG
° High gross net income C
° Net Loss ( crisis. bad twelvemonth ) C
2 ) Captive ( private labels ) -WHIRLPOOL
° Higher Inventory bend ( no truly important ) Degree centigrade
° Lower receivable turnover D
° Lower current ratio ( predictable. stale concern ) Calciferol
Hotel
1 ) Quality-HILTON
° High net income border I
° High hard currency ( casino ) I
° High fixed assets ( ain hotels ) I
2 ) Service-MARRIOTT
° High gross border ( service. no COGS ) J
° Higher A/P J
° Higher Inventory turn J
° High plus turn J
Computers
1 ) Mail-order
° Lower gross border ( sell un-price ) F
° Lower fixed assets E? lead?
° Higher assets turn ( no assets ) F
2 ) Quality
° Lower stock list turnover Tocopherol
° Lower receivable bend Tocopherol
° Higher SG & A ; A Tocopherol
