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constitution

Team Observation

17 November, 2015

HUMAN RESOURCE MANAGEMENT

17 November, 2015

Organisation Behaviour

17 November, 2015

Assignment Task

17 November, 2015

Case Study 4

17 November, 2015

WicthCraft

17 November, 2015

Eight pages.

17 November, 2015

Pacific Garbage Patch

17 November, 2015

English

17 November, 2015

INDIVIDUAL PROJECT

17 November, 2015

Junk science

17 November, 2015

History research paper

17 November, 2015

Business communication

17 November, 2015

TEAM PROJECT REQUIREMENT Objective You will be assigned to teams with three or four members. The project requires you to conduct a complete analysis and valuation of Lowe’s Home Improvement, Inc. A key feature of the project is that it requires ¬you to identify and obtain the relevant information. Thus, in addition to being evaluated on your ability to apply the tools of analysis described in the course, you will also be evaluated on your ability to identify and obtain the relevant information. Your analysis should provide solid support for the assumptions and forecasts that drive your valuation. Your valuation should use only publicly available information. Do not use inside information obtained from personal company contacts, etc. Valuation Project Your valuation analysis should follow the steps described in the course. 1. Business Strategy (half page): Briefly describe the Lowe’s industry and specific lines of business, Discuss its strategy for success and, most importantly, the sustainability of profits generated by the strategy. Why do you think the firms return on equity will or will not revert to its cost of capital? Please do not simply repeat the company overview from the 10-K. (15 points) 2. Accounting (1 page): Assess the degree to which the Lowe’s accounting reflects the underlying business reality. Identifying accounting distortions and their impact on the sustainability of profits. Describe only the accounting problems that need to be taken into consideration in your forecast, and how you resolved these problems in your forecasts (20 points) 3. Financial Analysis (2 pages): Use ratio analysis and/or cash flow analysis to evaluate the current and past performance of Lowe’s and assess its sustainability. You should definitely compare the company to some peers in the industry. (25 points) 4. Forecasting (2 pages): Forecast the Lowe’s future income statements and balance sheets for the next three years. This is the heart of the project so provide specific justification for each major component of your forecasts. Is the forecast based on past trends, comparisons with other firms in the industry, an industry report, etc.? How does your forecast for the next three years compare with analyst forecasts? Finding relevant data from outside the Lowe’s own financial statements to guide your forecasts is particularly valuable here. Be sure to justify your selection of a time horizon. Justify your forecast of the Lowe’s ROE in the terminal year. Compare your EPS forecast for the first year (or two if available) to the market consensus forecast and explain any significant differences. (30 points) 5. Valuation (half page) on a recent date: Justify your estimate of the cost of equity capital. Compare your valuation of the company to the current market value of the company and describe what you believe are the differences between your forecasts and the market consensus. You should conduct a sensitivity analysis by varying your discount rate and other crucial assumptions. (10 points) 6. In addition you must attach the company’s most recent 10-K filing: Item 1 – Business and Item 8 – Financial Statements.

17 November, 2015

Homework: Hedonic Theory

17 November, 2015

Psychology

17 November, 2015

Patient Assesment

17 November, 2015

GIS

17 November, 2015

Exercise /work fitness

17 November, 2015

Competition Lab Write Up

17 November, 2015

Literary Response

17 November, 2015

Alchemist

17 November, 2015

Final Exam

17 November, 2015

MGMT 339

17 November, 2015

linguistic paper 5 pages

17 November, 2015

water Science

17 November, 2015

Subject: Communication

17 November, 2015

Subject: Literature

17 November, 2015

Subject: Marketing

17 November, 2015

Topic: Philosophy

17 November, 2015

Topic: Medication safety

17 November, 2015

Literary Response

17 November, 2015

Metabolism assignment

17 November, 2015

Linguistics

17 November, 2015

Law

17 November, 2015

Making Learning Real

17 November, 2015

Finance

17 November, 2015

Competition Lab Write Up

17 November, 2015

cognitive psycholgy

17 November, 2015

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