Debt policy at UST Free Term Papers
Last update: May 6, 2016-
Debt Policy in Ust
After such a long history of conservative debt policy, UST is considering a leveraged recapitalization to enhance the firm's value. First, UST will benefit from the interest tax shield. This interest payment deduction will enhance the firm's initial value thus increasing the value of each share by distributing across a small number of outstanding shares. Second, the leveraged recapitalization has less financial distress for two reasons. One the one hand, UST has a favorable S&P
Rating:Essay Length: 325 Words / 2 PagesSubmitted: March 8, 2011 -
Debt Policy at Ust Inc
200-069 Debt Policy at UST Inc. 4 expanded outlets and/or markets for new products, executed selected per can discounts, used special commemorative lids and repositioned certain Skoal products.11 Litigation and Legislative Environment Litigation and legislation are everyday occurrences in the tobacco industry. Smokeless tobacco manufacturers have historically faced less exposure to health related lawsuits than cigarette manufacturers. For example, UST had seven pending health related lawsuits (excluding the state Medicaid cases) at the end of
Rating:Essay Length: 664 Words / 3 PagesSubmitted: October 10, 2013 -
Debt Policy at Ust
Debt Policy at UST Case Questions 1- ) Give a brief summary of the company background 2- ) Evaluate UST’s attributes/Risks from view point of bondholder * Brand Name/Market Position * Cash Flow Generation * Cyclicality * Product Diversification * Geographical Diversification * Asset Tangibility * Litigation 3-According to MM (if no taxes), does debt issuance matter? How about in the presence of taxes what are the pros and cons of debt? 4- ) What
Rating:Essay Length: 383 Words / 2 PagesSubmitted: April 30, 2015 -
Debt Policy at Ust Case
Debt Policy at UST Case Questions Group members: Wei-Ting Liao; Cong Ren; Gerald Nyiti; Beidan Wang 1- ) Give a brief summary of the company background UST Inc. is a smokeless tobacco company which enjoyed a long tradition and a recognizable brand name. It is the leading producer of moist smokeless tobacco products and widely known for its conservative debt policy and uninterrupted cash dividend payout since 1912. The company is the major player in
Rating:Essay Length: 1,741 Words / 7 PagesSubmitted: May 3, 2015 -
An Introduction to Debt Policy and Value
4. What remains to be seen however, is whether shareholders are better or worse off with more leverage. Problem 2 does not tell us, because there we computed total value of equity, and shareholders care about value per share. Ordinarily, total value will be a good proxy for what is happening to the price per share, but in the case of a relevering firm, that may not be true. Implicitly we assumed that, as our
Rating:Essay Length: 655 Words / 3 PagesSubmitted: April 4, 2014 -
Biogen Debt Policy
Biogen Debt Policy Biogen current capital structure (March 2017) has 9.74% debt to capital ratio and cost of equity is 5.44% and cost of debt is 2.47%. Biogen recent total debt is only0 .54 times total equity, while long term debt makes 34.92% of total capital. Biogen Inc.’s long-term debt to total assets ratio declined from Dec. 2015 (0.33) to Dec. 2016 (0.29). It may suggest that Biogen Inc. is progressively becoming less dependent on debt to grow their
Rating:Essay Length: 563 Words / 3 PagesSubmitted: April 30, 2017 -
Assess the Business and Financial Risks of Ust. What Do You Think About Ust’s Capital Structure? What Are the Benefits of Debt in Ust’s Case?
Q1. Assess the business and financial risks of UST. What do you think about UST’s capital structure? What are the benefits of debt in UST’s case? UST Inc. is a US based company which operates in the moist smokeless tobacco products sector. Despite its decreasing share of the market, it is clearly the leader in its sector, which is divided between the premium market and price value market. The sector is one of the fastest
Rating:Essay Length: 1,427 Words / 6 PagesSubmitted: May 4, 2018 -
Hr Policies and Practices in Training Needs Analysis Area of Kazakhstani Companies
Introduction Each day each company faces a lot of people, consumers with different questions about production, about workstation and quality. All companies should have great service to encourage them and attract. Service plays an important role in every business. That's why Training Needs Analysis is needed. TNA is an effective way to identify any gap between the skills your business needs and those your employees have. It involves gathering information to identify areas where your
Rating:Essay Length: 3,783 Words / 16 PagesSubmitted: March 8, 2011 -
Business Policy - Strategic Management Approach
Personal Reflections: The strategic management approach has to be top-down. Although the bottom line of a company may have very good ideas about taking the business to the next level, it is only the top-management that can make provisions to implement those ideas, while encouraging all the employees to think about ways in which they could make the business sustainable. Business processes sometimes will have to be re-engineered in order to implement the outcomes of
Rating:Essay Length: 855 Words / 4 PagesSubmitted: March 8, 2011 -
The Policy of Hogeschool Rotterdam in Rotterdam (dutch)
Beleidsadvies P&O Beheer Rotterdam, Maart 2010 Hogeschool Rotterdam Personeel & Arbeid Voorwoord Dit beleidsadvies is geschreven door … van de Hogeschool Rotterdam in Rotterdam. Dit adviesproject is vanuit het vak Beleidsnoties. De bedoeling is dat we leren om een compleet en advies gericht beleid leren schrijven. Bij het schrijven zullen de kwaliteiten en capaciteiten van een student van de opleiding Personeel & Arbeid versterkt worden. Vanuit eigen initiatief schrijf ik dit beleidsadvies voor de afdeling
Rating:Essay Length: 3,658 Words / 15 PagesSubmitted: March 8, 2011 -
Malaysia Should Liberalize the Economy as Its New Economic Policy
Abstract 2 1.0 Introduction 4 Body Paragraph 2.0 Argument 1- Encouraging competition Among Entrepreneurs 6 3.0 Argument 2- Give Opportunities to Participate in Market 8 4.0 Counter Argument-Liberalization Makes Consumers Suffers 10 5.0 Refutation- Entrepreneurs Become More Creative 12 6.0 Conclusion 14 References 16 1.0 Introduction Economy of Malaysia is developing and recovering from economic downturn that had struck Malaysian economy. Economy is important for a country because it is the source of income for
Rating:Essay Length: 1,438 Words / 6 PagesSubmitted: March 8, 2011 -
Publich Policy for 2011 Unemployment in Taiwan
1 99 年促進就業實施計畫(核定本) 99 年1 月5 日核定 99 年11 月17 日第一次修正 一、前言 受全球金融海嘯及經濟景氣影響，我國失業率自 97 年5 月起 逐漸上升，98 年7、8 月攀升至6.07％、6.13％；目前全球經濟不 景氣已見趨緩，依據行政院主計處預測，98 年第4 季經濟成長率 將轉為正成長，顯示國內經濟景氣正逐漸走出低迷，98 年9 月、 10 月、11 月失業率亦已分別續降為6.04%、5.96％、5.86％。然而， 因失業率為經濟情勢之落後指標，就業情勢是否隨經濟好轉復 甦，仍待觀察，政府應審慎因應可能之失業問題。 為因應 97-98 年金融海嘯的後續影響，並減緩短期促進就業措 施結束對就業市場之衝擊，研議緩和之後續措施，爰在「98-101 年促進就業方案」(以下簡稱本方案)之基礎上，提出「99 年促進 就業實施計畫」（以下簡稱本實施計畫）。 二、目標 (一)在本方案原有基礎之上，於99 年1 月提出本實施計畫，使99 年促進就業目標提升為10.3 萬人、培訓目標為23.7 萬人次。 (二)99 年9 月失業率為5.05%，較8 月下降0.12 個百分點，並較上 年同月下降0.99 個百分點，顯示勞動市場續呈活絡。然而，因 失業問題與人民生活息息相關，政府當審慎處理；為提升協助 失業勞工之能量，於下半年再擴大辦理促進就業措施，以期儘 速改善失業問題，縮短就業復甦之路。爰此，本實施計畫下半 2 年新增促進就業機會8.4 萬人1，使99 年促進就業目標進一步提 升為18.7 萬人、培訓目標維持為23.7 萬人次。 三、實施策略 「97-98 年短期促進就業措施」於98 年年底前陸續結束，經濟 景氣尚未完全復甦，在經濟轉型、產業結構調整過程中，政府持 續辦理提升勞工就業能力及促進就業相關計畫，協助失業者逐步 回到一般就業市場，紓緩失業問題，增進勞工福祉。本實施計畫 主要策略為： (一)持續辦理本方案相關計畫，以「擴大產學合作」、「強化訓練以 促進就業與預防失業」、「提升就業媒合成功率減少摩擦性失 業」、「提供工資補貼增加就業機會」、「協助創業與自僱工作 者」，以及「加強短期促進就業措施」等6 大策略主軸，加強與 活絡勞動市場機制。
Rating:Essay Length: 882 Words / 4 PagesSubmitted: March 8, 2011 -
Industrial Policy Making - in Farsi
سیاستگذاری صنعتی، فرآیند پیوسته تدوین، تصویب و بازنگری سیاست های صنعتی با هدف توسعه و بهبود فضای کسب و کار صنعتی است. ترکیب سیاست های صنعتی به طور کامل، وابسته به شرایط و ویژگی های حاص صنعت کشور و عوامل تأثیرگذار بر آن و یا متأثر از آن است. سیاستگذاری صنعتی موفق نیازمند آن است که همواره با شرایط کشور و روندهای جهانی، به هنگام و سازگار شود. نظام سایست گذاری صنعتی کشور، می بایست
Rating:Essay Length: 3,613 Words / 15 PagesSubmitted: March 8, 2011 -
Rockefella Drug Law Policy
With the active support of then Governor Nelson Rockefeller, the New York drug laws were enacted in 1973, instituting harsh prison sentences for a wide range of drug offenses. The punishments required by this law for the possession or sale of heroin, cocaine and other hard drugs still rank among the most severe in the nation. For example, this statute mandates a judge to impose a prison term of no less than fifteen years to
Rating:Essay Length: 417 Words / 2 PagesSubmitted: March 15, 2011 -
Study of the Effects of Heavy Discounts Policy by Koutons over Brand Image and Purchase Behavior
By: Shely Yadav MBA, IIT Kanpur Table of Contents A. Acknowledgements………..……………………….…………………………………..…2 B. Abstract……………………......………………….…………………………………..…..3 C. Executive Summary………………………...………………………………………….....4 1. Introduction………………………………..………………………………………….....5 1.1 About Koutons……………………………………………………………………5 1.2 Background…………………………..………………………………………...…6 1.3 Problem statement………………………………...………………………...…….9 1.4 Hypotheses formulation……………………………………………………….....11 2. Methodology………………………………….……………...………………………….12 2.1 Research design……………………….………………………....………………12 2.2 Variables and Parameters for analysis.…………………………………………..13 3. Results……………………………………….…..………………………………………15 3.1 Respondent analysis………………….………………………………………….15 3.2 Data analysis………………………….….……………………………………... 17 4. Discussion…………………………………….………………………………………....22 5. Conclusions………………………………….…………………………………...……..26 6. Limitations and managerial implications...........………………………………….......27 7. References…………………….………………………………………………..…….....28 8. Appendix: questionnaire …..…………………………………………………...……...29 Acknowledgements First of all I would like to extend my
Rating:Essay Length: 5,646 Words / 23 PagesSubmitted: March 16, 2011 -
Paper on Dividend Policy of a Company
At the basis of importance of dividend relevance was a dividend irrelevance theory advanced by Miller and Modigliani in 1961. According to such theory, the value of the firm at the market is independent of the entity's dividend policy under ideal market conditions. Accordingly high dividend payments would necessitate sourcing of funds to support various investments through sales of that firm's stocks at the market. Apart from the idealized approach taken by the study; preference
Rating:Essay Length: 644 Words / 3 PagesSubmitted: March 29, 2011 -
Comparing Policies
Comparing Policies Policies on the use of alcoholic beverages are very important. They create guidelines that enable students to have a safer, controlled, and more educated college experience. Upon researching the policies at two separate schools—Rutgers University and Pennsylvania State University—I found that different schools enforce different policies on the use of alcoholic beverages. "The University Policy on the Use of Alcoholic Beverages establishes a framework for specific present and future campus or college rules
Rating:Essay Length: 512 Words / 3 PagesSubmitted: April 2, 2011 -
How Can a Careful Study of History Shed Light on the Problems That Polititions Have Encountered Since 1945, When Trying to To Shed Light on Their Visions for the Welfare Policy
History Essay . In society today there of many problems that occur on a daily basis, we read about these problems in the press, the media and often identify social problems amongst our nearest and dearest. The problems that occur could be someone suffering from poverty, unemployment, illness, violence and pollution, amongst others. Private problems often escalate into social problems, as it may have an effect on the community around them, government are notified and
Rating:Essay Length: 1,347 Words / 6 PagesSubmitted: April 4, 2011 -
Fiscal and Monetary Policies in Nz
Case: Several economists and business analyst have stated that fiscal and monetary policies pursued over the last decade in New Zealand, particularly during the period of 2005 to 2008, were not conducive to economic growth, but only led to a customer spending spree with borrowed money, eventually pushing the economy into recession by the first quarter of 2008. Between the year of 2002 and 2004, it was a period of economy boom for New Zealand.
Rating:Essay Length: 746 Words / 3 PagesSubmitted: April 7, 2011 -
How to Tell When a Debt Crisis Is Serious
Today our government spends money like it grows on trees, however the country and its leaders have yet to consider what happens if the tree stops producing or worse it dies. Currently the Unites States national debt has reached $14.2 trillion dollars and drastically increasing by the year. The United States alone is on the path to owing more money than the economy can produce. The government continues to pay only on the interest owed
Rating:Essay Length: 719 Words / 3 PagesSubmitted: April 8, 2011 -
A Change in British Policies: A Catalyst for the American Revolution
When Christopher Columbus sailed the ocean blue in 1492 he had no idea that he had stumbled upon a continent that would be home to one of the most important wars of the world today. This event would forever change the status of thirteen colonies that were far from united at the beginning of the war and would also change the future of England. The policies for British colonies that were changed were responsible for
Rating:Essay Length: 759 Words / 4 PagesSubmitted: April 10, 2011 -
Debt Relief Initiatives
Introduction: The accumulation of sovereign debt has been one of the most unfortunate outcomes of the lending activities of the bilateral and multilateral institutions. The international financial system has not been able to tackle this problem effectively. Numerous initiatives have been undertaken but the impact of debt relief has become quite a controversial topic. There have been success stories, but the situation of the SILICs, more than half of which are part of the Sub-Saharan
Rating:Essay Length: 3,381 Words / 14 PagesSubmitted: August 1, 2011 -
Cja 463 - Policy Development Paper - Reducing Prison Overcrowding
Reducing Prison Overcrowding CJA/463 Prison overcrowding has been a major problem in this country for the last 20 years. This problem stemmed from many different causes or reasons. The fundamental breakdown of the correctional system as a whole has contributed to this problem. This has caused havoc within our system in many different ways especially from a financial standpoint. It cost a tremendous amount of money to house prisoners, and death row inmates cost of
Rating:Essay Length: 2,419 Words / 10 PagesSubmitted: September 3, 2011 -
Federal Reserve Paper - Monetary Policy Report to the Congress
After reading the “Monetary Policy Report to the Congress” reported by the website Federal Reserve.com (2011). This student is almost more confused presently than ever. The facts and figures are difficult to wade through, but this student will give it a try. The purpose and function of money in today’s world market are still assets in which citizen’s exchange for goods and services received or for paying one’s creditors. Revenue (cash) is utilize in implemented
Rating:Essay Length: 851 Words / 4 PagesSubmitted: September 12, 2011 -
Criminal Procedure Policy - Comparing and Contrasting of the Crime Control Models
When comparing and contrasting of the crime control models, and due process and how they shape the criminal procedure policy it should be kept in mind that both models founded on Constitutional rights. These two models represent values that operate the criminal justice system. Due process and the control models also apply the Fourth, Fifth, Sixth, and Fourteenth Amendments and Bill of Rights to the criminal justice system. The two models constructed in 1968 by
Rating:Essay Length: 760 Words / 4 PagesSubmitted: September 27, 2011