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Assignment 1: Financial Research Report For Nordstrom Inc.Refer to the following resources to assist with completing your assignment:Stock SelectionForbes – “Six Rules to Follow When Picking Stock
Assignment 1: Financial Research Report For Nordstrom Inc.
Refer to the following resources to assist with completing your assignment:
Stock Selection
Forbes – “Six Rules to Follow When Picking Stocks”
CNN Money – “Stocks: Investing in stocks”
The Motley Fool – “13 Steps to Investing Foolishly”
Seeking Alpha – “The Graham And Dodd Method For Valuing Stocks”
Investopedia – “Guide to Stock-Picking Strategies”
Seeking Alpha – “Get Your Smart Beta Here! Dividend Growth Stocks As ‘Strategic Beta’ Investments”
Market and Company Information
U.S. Securities and Exchange Commission – “Market Structure”
Yahoo! Finance
Mergent Online (Note: This resource is also available through the Strayer Learning Resource Center.)
Seeking Alpha (Note: Also available through the Android or iTunes App store.)
Morningstar (Note: You can create a no-cost Basic Access account.)
Research Hub, located in the left menu of your course in Blackboard.
Imagine that you are a financial manager researching investments for Nordstrom Inc. your client that align with its investment goals. Use the Internet or the Strayer Library to research any U.S. publicly traded company that you may consider as an investment opportunity for your client. (Note: Please ensure that you are able to find enough information about this company in order to complete this assignment. You will create an appendix, in which you will insert related information.)
The assignment covers the following topics:
Rationale for choosing the company for which to invest
Ratio analysis
Stock price analysis
Recommendations
Write a ten to fifteen (10-15) page paper in which you:
1.) Provide a rationale for the U.S. publicly traded company that you
2.) selected, indicating the significant factors driving your decision as a financial manager.
3.) Determine the profile of the investor for which this company may be a fit, relative to that potential investor’s investment strategy. Provide support for your rationale.
4.) Select any five (5) financial ratios that you have learned about in the text. Analyze the past three (3) years of the company’s financial data, which you may obtain from the company’s financial statements. Determine the company’s financial health. (Note: Suggested ratios include, but are not limited to, current ratio, quick ratio, earnings per share, and price earnings ratio.)
5.) Based on your financial review, determine the risk level of the company from your investor’s point of view. Indicate key strategies that you may use in order to minimize these perceived risks.
6.) Provide your recommendations of this stock as an investment opportunity. Support your rationale with resources, such as peer-reviewed articles or material from the Strayer Library.
7.) Use at least five (5) quality academic resources in this assignment. Note: Wikipedia and other Websites do not qualify as academic resources.
Your assignment must follow these formatting requirements:
* Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions.
* Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.
The specific course learning outcomes associated with this assignment are:
* Critique financial management strategies that support business operations in various market environments.
* Analyze financial statements for key ratios, cash flow positions, and taxation effects.
*Review fixed income strategies using time value of money concept, bond valuation methods, and interest rate calculations.
* Estimate the risk and return on financial investments.
* Apply financial management options to corporate finance.
* Determine the cost of capital and how to maximize returns.
* Formulate cash flow analysis for capital projects including project risks and returns.
* Evaluate how corporate valuation and forecasting affect financial management.
* Analyze how capital structure decision-making practices impact financial management.
* Use technology and information resources to research issues in financial management.
* Write clearly and concisely about financial management using proper writing mechanics.
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of *** ******* ** ******* ****** *** example ***** ****** ***** *** ****** ***** *** ** on ***** ************* ****** provide return ** various ************ ** the ******** Financial ******** ****** *** **** *** helpful in ********* *** **** **** solvency ** *** ******** ******** policy ****** – ******** ratios *** * ******* ** ******* the ******* ** ******** policies of *** company *** ****** *** ******* ** ******* forward toCurrent ratio * ******* ratio ** *********** ** ******* assets ** ******* *********** **** current ***** is ********* ** ***** **** ********* **** creditors *** *** current ***** is preferred ** shareholders *** higher the ***** the ****** it ** ******** at * times ** more **** * ***** ** a **** ratioThe ******* ***** of Nordstrom Inc *** the **** 2014 *** *** times ******* ** was ****** *** ***** ** **** *** *** ***** in **** This ***** **** *** ******* is ********** reducing *** current ****** The ******* ratio ** *** company still ***** **** *** ***** term ********* *** they **** ******** ******* *** **** *** *** ************ ratio * Quick ratio ** ***** ***** ******* ** current *********** quick assets ******* *** *** ******* assets excluding ********* **** ratio ** **** ***** as **** **** ratioAs the ******* ***** ****** * ********* ***** *** **** ** ** the **** with ***** ***** ** is **** ******* * declining trend **** after **** ** 2012 *** ***** *** 167 ***** ***** ******** ** *** ***** in 2013 *** * ******* decline ** *** ***** ** *** **** **** The ***** ***** ** ********* ** *** ********* ** ** ** ****** **** * *** ***** *** ******* to ******** ******* *** investor **** ***** **** * **** amount of ***** **** return ** ** invests ** **** company ******** *** share *** ******* *** ***** ** a part ** ****** ** *** ******* ***** it distributes to its common ***** ******* ** per ***** basisEarnings *** share ** Nordstrom *** for year **** ** * 372 *** ******* *** ********* *** ************ ** ******* ** *** **** of ******** *** ***** ** * 001 ***** 2013 Its ******** per share for **** *** * *** *** its ******** per ***** *** **** **** * *** ***** *** ***** **** * 015 ***** **** **** ***** that *** ******* ** ******* and distributing ****** ****** portions **** *** ****** ************ ***** earnings ratio – ***** ******** ***** ** * ******* ** value ** *** ******* in terms ** *** ***** ********* price ******** ratio of ********* *** ** 2014 is **** ** **** it was **** *** in **** it was 1431 ** *** *** **** *** ***** ******** ratio of *** ******* ** ********** ********** ***** ** * **** sign *** *** ******** *** ******* ** ****** **** ****** ** *** shareholdersReturn on ***** (ROA) *** ** ** a measure ** check how ********** a company ** ** ***** ** *** ****** It provides *** ***** an **** that how well *** management ** ***** *** ****** to earn ************ ** ***** ** Nordstrom *** ** 81 % in 2014 and ** *** ** % ** **** and 89 % ** **** ** ********* *** * ***** we can *** **** the **** fruitful **** was **** as *** ROA *** ******* since2012 the ****** on ***** ** ********* at an uncertain ********** on ******** ******* ****** – ****** on ******** ******* ** * measure ** ****** that how **** ** *** management ** *** ******* ********* *** ***** ** ******** **** funds *** *** ******* ** *** *********** ** ******* ******* ****** ** compared ** *** ** was *** highest ** **** ***** *** * then ** ******** ** *** % in **** *** ****** ******* shows **** *** ROIC ** **** *** *** * * ***** ******** ** *** ******* ** **** **** **** ***** ********* **** the company ** ******** *** ****** ** ******** capitalFinancial reviewThe company’s net sales **** shown ** ************ ***** though *** ********** ****** *** **** declining **** ***** **** ** 2012 the ********** ****** ** Nordstrom Inc ** compared ** **** *** *** % *** ** **** this ****** **** **** ** a ******** ** * ******** ** the ***** year’s **** but ** *** **** **** **** is **** *** ******* has ****** **** its ***** *** *** net ***** ********** increase for **** ** 78 **** **** **** **** ********** ** the ******* *** *** ****** ** **** *** **** flow **** ********* *** * **** ******* ******* ** **** ** *** * **** ******* There ** * ***** ******* in the *********** **** **** **** ********** of ****** * *** ********** ******** *** share issued ** Nordstrom *** *** the **** **** *** * *** whereas it ****** * *** ** **** The ******* *** **** * ****** * ****** **** **** ** its ************ ** compared ** last ********** ** ** ***** ***** *** ***** ** *********** ** was ** *** **** be ***** ******* ** ****** *** sensible you are ** ********* ** how pin ******** *** ****** *** *** never eliminate **** *** ** your ******* ** portfolioThe **** ** ******* ** ********* ** Nordstrom Inc too ** *** *** ****** ***** ** * ******** decrease in *** liquidity ratios ***** *** ****** ***** **** investment ******* **** *** ******* Though *** ******* ******** by ***** **** investments are ***** ****** but *** ********* trends ** current ***** *** ***** ratio are making ********* think ***** before investing in *** companyThe ******** *** ***** of ********* *** is showing * *********** ***** though *** increase ** ******** *** share *** ** * ********* **** *** they *** ********** **** ** *** **** with *** **** payout ** *** **** ** dividends Nordstrom *** *** **** dividend at * **** **** ** *** ********* *** company ** still following **** ***** and *** **** ** **** term ******* ** less ** compared ** ***** **** ******** ** ********* *** *** *** ************ ****** ***** ** the company is ** * **** in *** **** 5 ***** *** company *** ****** **** **** *** * in value of its shares It ** **** ** ***** ***** and ******** **** banks and ********* institutions ** **** as ************* ****** This *** **** **** **** ********** **** ******* we *** *** **** overall **** *** ** ********* ** ****** ** implementing following *********** *** **** ****** ** ******** in ***** ** *** value *** taking ** risk ** *** ***** ** **** ** ****** **** *** ********* ** ************* **** ** ******** with ****** **** *** risk ****** be ******* ** **** of Nordstrom *** ** the ******** ** not ******* a **** ****** ** *** risk ** ****** ***** is ****** **** *** ****** ** ***** then *** **** ****** ** ******** **** ******** ** *** ******** should be ********** measured ** that *** ****** ** the **** *** ** *** as per the ***** of *** ******** If *** **** ** *** ** favour ** *** ******** ** *********** get out of *** risk ******** ** *** given case ** Nordstrom *** *** ******** can ***** *** **** ******** *** ****** ** ** *** *** needs in *** ***** ** **** and ******* Risk *** ** mitigated by ******* ** The ******** can ******** the risk by ******* different classes ** ****** ** ***** ******* and portfolio *** example * profile *** **** **** having * ******* ********** ** ********** in ********** ***** which will ******* * regular *** ******** ******* ** *** ******** ******* ********** ** ********** should ** ** ********** and ********** share for a ***** ******** to *** ******** and ** **** * ******* fashion *** **** **** ** mitigated by the ******** ** ****** ** *********** ********* ** ****** *** securities ** his ********* which **** help him earn a ****** ****** ** earnings in *** **** of returns ***** **** **** * ******** risk *** **** *************** Inc stock ** a good ********** *********** *** *** ******** *** ******* has been high ** ********** *** ****** ***** of *** ****** The ******* *** been **** ** increase *** ***** ***** *** * ** the **** * ******** expansion ** *** company ** *** countries ** and ******* ** *** stores and ********* ** *** ******** ** a very **** ********* **** *** ********* Inc ** on its *** ** ********* itself ** new ****** *** heights **** **** ****** strategic plans *** management efforts *** ******* **** ** ******* *** returns **** ***** opportunities ** ***** *** *** ********* IncAppendixExhibit ******* years 2014 **** ******* ***** ***** 12166 11762Earnings before ******** *** ***** 1323 1350 1345Net earnings *** *** ****** *** *** 356Cash ******** **** per share 132 *** 108 Exhibit ******** ***** = ******* ****** * ******* liabilities2014 = ***** * ***** * ***** ********* = ***** * 2541) * ***** times2012 = ***** / 2226) = ***** ********** ***** * (current ***** - inventory) * ******* liabilities2014 * ***** *** ***** * **** = 3491 * **** = ***** ********** (5228 - 1531) * **** * **** * 2541 * ***** ********** ***** - ***** / **** * **** * **** * 16716 ************* per share *** *** income / ******* *********** common ********* * $ ******* = * ******* = $ 356Price ******** ***** *** ***** *** ***** * earnings *** ********* * **** * *** * 21652013 * **** * *** = ******** * **** * *** = ********** ** ***** ***** * net ******** * ***** ************ ** ********** ******* ****** = **** ****** *** dividends) / ***** capitalReferences 1 Battelle * **** *** ******* *** ****** *** *** Rivals ******* *** ***** of Business *** *********** *** ******* ******* ***** ******* Bowman EH **** * risk/return ******* *** ********* ********** ***** Management ******* ******** * *** * ****** **** Cash ******** *** Business ********** Working ***** **** This ***** ***** ****** ******** **** *********** *********** ***** adjust ***** **** ******* to reflect ******* business ********** ******* more **** ****** *********** Fiegenbaum * *** * ****** 1988 ********* towards **** *** *** Risk-Return Paradox: Prospect Theory ************ ******* ** ********** Journal5 Housel ** ** El ***** *** PF ******* **** *********** Systems *** ****** *********** Judge ** and * ****** **** *********** *** ******** ** ******** ***** ** ********* Environmental ******** ******* ** ********** Journal v34 448-483 ******* ******* *** reported ** ***** ** **** ********* *********** ****** ********* *** ******** ****** **** *** ***** ***** * *** N ********** **** ********* *********** ****** ************* and the ****** ***** ** * ************* ******* Management ******** Lins K * Strickland and * ****** **** Do ****** firms ***** ****** ** US ***** ********* ** ***** capital ************ ******* ** ********* and ************ ********* ***** ** * *** T * **** **** Competing ******* ***** *** Time-Based *********** Is ********* ****** ******* *** Free Press New ****** ****** MR **** Corporate **** Taking *** ************ A ******* look at the ********* ******** ****** ********* the risk tolerance ******* *** each ** *** ***** ** *** sector by ******* ** *** ********* **** ** *** ***** ** ***** ** ********** ***************
