The Fourth Edition includes 45 cases: 16 new, 10 updated, 15 from 2000 and later, and
the remaining 4 from the 1990's (no case will be before 1995). This currency is a large
benefit to customers, as there are not many updated or new cases in the market. The number
of cases is reduced from 54 cases in the Third Edition to make the book more manageable.
New topics include the Internet, real options, and entrepreneurial finance. These topics
are appealing to instructors and students alike, and make this the most current and modern
casebook available.
Adopting instructors will receive a helpful manual called 'Teaching by the Case Method,'
written by Bruner, that assists instructors in teaching their class using cases. There are
also accompanying videos that pose actual class situations/problems and how an instructor
can deal with them. This material is currently used in a training course offered by Darden
that teaches 2,000 people per year how to teach cases.
A new custom-crafted website is available for the Fourth Edition that includes spreadsheet
templates that accompany the cases.
Focus on Value emphasizes that value creation should be an enduring focus of concern
because it is the foundation of survival and prosperity of the business. The cases in this
book exercise valuation analysis over a wide range of assets, debt, equities, and options,
and a wide range of perspectives, such as investor, creditor, manager, and government.
Linkage to Capital Markets'an important premise of these cases is that managers should
take cues from the capital markets. The cases help students to look at the capital markets
in a variety of ways. They illustrate important players in the capital markets; They
exercise the students' abilities to interpret capital market conditions; They explore the
design of financial securities and rationalize the use of exotic securities in support of
corporate policy; They help students understand the implications of transparency of the
firm to investors, and the impact of news about the firm in an efficient market.
Respect for the Administrative Point of View'These cases illustrate the immense
practicality of finance theory in sorting out the issues facing managers, assessing
alternatives, and illuminating the effects of any particular choice. A number of cases
present practical ethical dilemmas or moral hazards facing managers. Most of the cases
call for action plans rather than mere analysis or description of a problem. --This text
refers to an out of print or unavailable edition of this title.
Table of Contents:
Preface
Note to Student: How to Study and Discuss Cases
Ethics In Finance
Part I: Setting Some Themes
Case 1 Warren E. Buffett, 2005
Case 2 Bill Miller and Value Trust
Case 3 Ben & Jerry's Homemade
Case 4 The Battle for Value, 2004: FedEx Corp. vs. United Parcel Service, Inc.
Part II: Financial Analysis and Forecasting
Case 5 The Thoughtful Forecaster
Case 6 The Financial Detective, 2005
Case 7 Krispy Kreme Doughnuts, Inc.
Case 8 The Body Shop International PLC 2001: An Introduction to Financial Modeling
Case 9 Horniman Horticulture
Case 10 Kota Fibres, Ltd.
Case 11 Deutsche Brauerei
Case 12 Value Line Publishing: October 2002
Part III: Estimating the Cost of Capital
Case 13 "Best Practices" in Estimating the Cost of Capital: Survey and
Synthesis"
Case 14 Nike, Inc.: Cost of Capital
Case 15 Teletech Corporation, 2005
Case 16 The Boeing 7E7
Part IV: Capital Budgeting and Resource Allocation
Case 17 The Investment Detective
Case 18 Worldwide Paper Company
Case 19 Target Corporation
Case 20 Aurora Textile Company
Case 21 Compass Records
Case 22 Victoria Chemicals plc (A): The Merseyside Project
Case 23 Victoria Chemicals plc (B): Merseyside and Rotterdam Projects
Case 24 Euroland Foods S.A.
Case 25 Star River Electronics Ltd.
Part V: Management of the Firm's Equity: Dividends, Repurchases, Initial Offerings
Case 26 Gainesboro Machine Tools Corporation
Case 27 EMI
Case 28 JetBlue Airways IPO Valuation
Case 29 TRX, Inc.: Initial Public Offering
Case 30 Purinex, Inc.
Part VI: Management of the Corporate Capital Structure
Case 31 An Introduction to Debt Policy and Value
Case 32 Structuring Coprorate Financial Policy: Diagnosis of Problems and Evaluation of
Strategies
Case 33 California Pizza Kitchen
Case 34 The Wm. Wrigley Jr. Company: Capital Structure, Valuation, and Cost of Capital
Case 35 Deluxe Corporation
Case 36 Deutsche Bank Securities: Financing the Acquisition of Consolidated Supply S.A.
Part VII: Analysis of Financing Tactics: Leases, Options, and Foreign Currency
Case 37 Baker Adhesives
Case 38 Carrefour S.A.
Case 39 Primus Automation Division, 2002
Case 40 MoGen, Inc.
Part VIII: Valuing the Enterprise: Acquisitions and Buyouts
Case 41 Methods of Valuation: Mergers and Acquisitions
Case 42 Arcadian Microarray Technologies, Inc.
Case 43 Flinder Valves and Controls
Case 44 Hershey Foods Corporation
Case 45 General Mills' Acquisition of Pillsbury from Diageo PLC
Case 46 The Timken Company
Case 47 Palamon Captial Partners/Team System S.p.A.
Case 48 Hostile Takeovers: A Primer for the Decision Maker
Case 49 General Electric's Proposed Acquisition of Honeywell
886 pages, Paperback