Course: Financial Management Research Paper：（request in attachment） All the assignments of this course are displayed, and the assignments are required to follow the APA format. Please tutors evaluat
Research Paper Components:
This project consists of three major activities:
Conduct secondary research (i.e., library, internet, etc.)
Write research paper related to potential investment in a publicly traded company’s stock.
Prepare a Piotroski method in Excel of financial ratios on the selected company and at least one of its competitors.
Prepare a Power Point Presentation supporting your Research Paper.
Due Date and Time:
Papers and presentation are due in week 7 and presentation is completed in the final class meeting. You will submit three items: Microsoft Word research paper, Excel spreadsheet of Piotroski method, and PowerPoint presentation. You will complete the paper in parts during specific weeks as shown below and then combine all the parts together in one paper.
The Project to be addressed by the Paper:
You have just graduated from Keiser University’s MBA program and have secured a position as a fund manager for a well-known investment banking house. You have been given $25 million to manage/invest in a single stock. The fund is a pension/retirement fund, so its perspective is long term with moderate risk of loss of capital and a required return of 9% per annum. Your assignment is to determine if the fund you are managing should invest $25 million dollars in the stock of the company you have selected for your first analysis/investment decision. Select a publicly traded US based company. Do not select a bank or financial intermediary (i.e., Investment Bank, Insurance Company, Brokerage House etc.). Your decision to invest or not invest will be supported by the research paper, Excel spreadsheet of ratios, and a Power Point Presentation showing a SWOT analysis.
NOTE: Most of the data needed for this assignment can be found in Yahoo/finance or SEC.gov.
Your analysis, based on the concepts covered in this course, will address each of the following:
Financial Ratio Analysis (Week 2): Analyze financial ratios and cash flow measures of the company relative to its historical performance. For purposes of this research paper a 2 year look back is sufficient and required. You must use the Piotroski Method and discuss in detail the company’s profitability, capital structure, and operating efficiency based on the ratio results and comparison to its competitors. Show your calculations and use reputable sources. What trends are occurring? What are the company’s financial strengths and weaknesses? Research two (2) articles to review (one (1) peer reviewed not more than 5 years old and one (1) current year article from a reputable website. Minimum two (2) pages not including title and reference page using APA format including an Excel spreadsheet.
Business Strategy and Annual Report Analysis (Week 4): Discuss the business strategy and competitive strategies of the company based on the notes in their 10K annual report. Review the areas on the annual report that discuss: Risk Factors., Strategic, Operational and Competitive Risk, Infrastructure Risks, Supply Chain and Third-Party Risk, Economic, Global, Legal and External Risks, Financial Risk, What is the company doing to mitigate the impact of these risks? Review any sections that include Management’s Discussion and Analysis of Financial Condition and Results of Operations, what outlook does the company have for its business, its subsidiaries, its product line? Do not spend time writing a history of the company. This is an analysis, not a history lesson. Accounting Analysis: Do the accounting practices adopted by the company generally reflect an accurate picture of the economic performance of the company? Did your research find any public announcements of restatement of earnings or criticism due to ethics or misrepresentation? Research two (2) articles to review (one (1) peer reviewed not more than 5 years old and one (1) current year article from a reputable website. Minimum three (3) pages not including title and reference page using APA format.
Prospective Analysis (Week 6): Create a forecast of future cash flows for the next two (2) years using the current income statement. First estimate the growth rate of revenue and expenses, to derive estimated earnings before interest and taxes. Then estimate the interest expense and tax liability to derive the net come. Develop forecasted performance measures and list the assumptions associated with your forecast. You may also cite the works of other analysts who have published forecasted earnings for the time frame you are addressing. (Hint: take a look at Yahoo/finance - analysts opinion). Discuss your findings. Research two (2) articles to review (one (1) peer reviewed not more than 5 years old and one (1) current year article from a reputable website. Minimum three (3) pages not including title and reference page using APA format.
During Week 7, you will combine your article reviews together as one complete research paper and add the following conclusion: Calculate and share the results your company's Free Cash Flow, Value of Operations, and Value of Equity. Will you or will you not invest $25 million in this particular Company? Support your conclusion? Remember a negative conclusion is just as valid and valuable as a positive conclusion. What are your companies financial and strategic strengths, weaknesses, opportunities, and threats? Use the attached SWOT framework as your guide. Most important: make recommendations and answer the overarching question: to invest or not to invest? Research two (2) articles to review (one (1) peer reviewed not more than 5 years old and one (1) current year article from a reputable website. Minimum two (2) pages not including title and reference page using APA format.
Conducting Library Research:
Participate in a research orientation offered by the graduate librarian.
Conduct a search for sources that offer accurate information on your company. A minimum of six legitimate and valid relevant resources are required.
Avoid general Internet key word searches. Wikipedia and other unauthorized sources are inappropriate for graduate work. Articles noting up to date information is such sources as The Wall Street Journal, Barron’s or Business Week may be useful in addressing the appropriateness of current strategies, resource pricing, etc. given market conditions or the status of competitors.
Writing the Paper:
The following are general guidelines for format and organization.
Format:
Minimum of ten (10) pages (not including self-prepared exhibits, title page or reference page), with numbered pages.
Typed, double spaced.
New Times Roman (i.e. business) font, 12 point.
Margins – 1 inch
Include boldface headings and subheadings.
Note source citations as appropriate under APA 7th edition guideline. Please use in-text citations.
Organization:
Cover page – Name of paper, your name, course number and name, date submitted.
Introduction – A brief statement of the purpose of the paper and explanation of its organization. You are welcome to use pseudonyms for the name of the company or individuals addressed in the paper.
Analysis -Address four concepts noted in “The Paper etc.” on the preceding page.
Summary – A brief statement combining the finding arising from the analysis.
Conclusion/Recommendations – should you invest or not invest the $25 million and why or why not.
2. Preparing the Presentation:
Presents will be made in class during the last day of class. The presentation will be supported by 3 to 5 Power Point slides and will last not more than 10 minutes (Executive Committee length).
Show all of your calculations clearly, number your responses, and write in your own words and complete sentences if writing is required. Please include APA format in-text citations and references, if you cite any sources.（PPT I need a speech）
