Blaine Kitchenware‚ Inc.: Capital Structure Course in Strategic Finance University of Vienna‚ 2015 Mila Dineva‚ 1153546 Blaine Kitchenware‚ Inc. • • • • • founded in 1927‚ small appliances for kitchens Public company‚ mainly controlled by the family 10% of the $ 2.3 bill. market 1994 – IPO In the 90’s – moved its production abroad Financial figures • • • • Over-liquid and under-leveraged‚ no debt 2% sales growth 2003-2006 11% p.a. annual returns for shareholders 2004-2006 $53.6 mil. Net income
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OCTOBER 8‚ 2009 TIMOTHY LUEHRMAN JOEL HEILPRIN Blaine Kitchenware‚ Inc.: Capital Structure On April 27‚ 2007‚ Victor Dubinski‚ CEO of Blaine Kitchenware‚ Inc. (BKI)‚ sat in his office reflecting on a meeting he had had with an investment banker earlier in the week. The banker‚ whom Dubinski had known for years‚ asked for the meeting after a group of private equity investors made discreet inquiries about a possible acquisition of Blaine. Although Blaine was a public company‚ a majority of its shares
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David Copperfield | November 16 2012 | Matt Huddleston | ` “It was the best of times‚ it was the worst of times.” (Charles Dickens) The film adaptation of Charles Dickens’ novel “David Copperfield‚” accurately depicts the Industrial Revolution. The film covers the aspects of the struggle of social class with the people during that time period. There is also a view of violence through different aspects. Labour of various social classes is shown with many diverse careers. The private lives
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“Whether I shall turn out to be the hero of my own life‚ or whether that station will be held by anybody else‚ these pages must show.” (1) So begins Charles Dickens story of David Copperfield‚ written much after the tale’s events have happened. David is in his 30’s when he pens the first chapter‚ which details the hours leading up to his birth as Aunt Betsey arrives at the inaptly-named Rookery. He is recalling his epic life and writing it down to figure out if he has become the “hero” of his life
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Blaine Kitchenware is a company that has occupied the industry for over 80 years and continues to gain control in the market it occupies. As the CEO of the company‚ Mr. Dubinski is dealing with a challenging decision of determining what is best for the family company. He currently feels that the capital structure of the company needs adjustment. He is contemplating the idea of decreasing his equity while increasing his debt in order to increase the value of the company. Dubinski is attempting to
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BLAINE KITCHENWARE INC. Blaine Kitchenware was a mid-sized producer of small appliances primarily used in residential kitchens. By 2006‚ the company’s products consisted of a wide range of small kitchen appliances including deep fryers‚ griddles‚ toasters‚ ovens etc. Blaine had just under 10% of the $2.3 billion U.S. market for small kitchen appliances. For the period 2003 to 2006‚ the industry posted modest annual unit sales growth of 2%. In 2006‚ 65% of its revenue was generated from shipments
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David Milgaard‚ a boy who was considered a hippie‚ probably thought that the world has ended‚ and demolish his last goodness left in his soul‚ when he was proven guilty for a crime that he didn’t commit. David spends twenty-three years in prison‚ two decades‚ on May 30th‚ 1969. Milgaard was a sixteen-year-old boy‚ who was on recreational drugs with his friends‚ Ron Wilson and Nichol John.‚ they were going on a road trip from Regina to Vancouver at the time that Gail Miller was killed. The boys stopped
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David Richard Berkowitz David Berkowitz also known as the “Son of Sam” and “The .44Caliber Killer” was born on June 1‚ 1953. Berkowitz was born Richard David Falco in Brooklyn‚ New York. His parents were Betty Broder and Joseph Kleinman. Broder was married to Tony Falco and had a daughter with him but Falco left her. She later had an affair with Kleinman and got pregnant‚ he told her to get rid of the baby but she had it anyway and put the baby under Falco’s name. A few days after his birth‚ he
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Executive Summary: In summary‚ recommendation by the banker to buy back 14 million outstanding shares of Blaine Kitchenware with $ 50 million debt and $209 million cash in hand would result in following financial metric changes: * Increase the value of the firm through the benefit of tax shield from current $960million to $1.063billion. * The offer results in 3% increase in EPS from $0.91 to $0.93 based on 2006 financial numbers. * An increase of 7.3% on ROE from 11% to 18.3% based
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was also supposed to be an alien. Bowie’s performances as Ziggy were deeply memorable for their theatricality and flashiness‚ and people who saw Ziggy Stardust-era David Bowie concerts claimed that the “shows
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