Friday, January 24, 2020

Hype or Worthwhile Essay -- Nutrition

With all of the diets, health concerns, and lack of knowledge about food in general these days it is not surprising that people have turned to other means of getting nutrients. A main way of getting those nutrients is through dietary supplements. Dietary supplements are described by the FDA website as a product that is taken orally and must contain either vitamins, minerals, amino acids, herbs or other substances that are used to help the diet. These are known as dietary ingredients and can come in the forms of tablets, capsules, powders, energy bars, and liquids (N.p.). With this definition of supplements it’s not surprising to find out that the Nutrition Business Journal reported that 28 billion dollars were spent on supplements in 2010.(N.p) Dietary supplements are a part of most people’s daily lives, however are they too integrated or a necessary part of life. Dietary supplements went under a reconstruction in 1994, when the Dietary Supplement Health and Education Act (DSHEA) was passed by the U.S. Congress. Dr. William Soller explained that the DSHEA created a framework where the FDA was allowed to make a regulatory system for dietary supplements. The DHSEA also clarified dietary supplements to mean a part of food while dietary ingredients are not â€Å"food additives†. The DSHEA required manufactures of new dietary ingredients (NDI) to submit paperwork to the FDA so that the FDA could say that the ingredients were safe to consume. Now a day because of amendments added afterwards to the DHSEA the FDA can regulate dietary supplements easier and can use enforcement against mislabeled and unsafe products. (N.p). As good as this sounds it doesn’t mean that before a product hits the market it is FDA approved, basically the FDA can... ...ation of 500 Stories.† Plos Medicine 5.5: n. pag. PLoS Medicine. Web. 1 Apr. 2012. . Soller, Wiiliam R, Holly J Bayne, and Christopher Shaheen. â€Å"The Regulated Dietary Supplement Industry: Myths of an Unnegulated Industry Dispelled.† HerbalGram 93: 42-57. Alt HealthWatch. Web. 1 Apr. 2012. JnNpdGU9ZWRzLWxpdmUmc2NvcGU9c2l0ZQ%3d%3d#db=awh&AN=72364965>. Tweed, Vera. â€Å"Supplements and Drugs.† Amazing Wellness Fall 2011: 58-62. Consumer Health Complete. Web. 29 Mar. 2012. detail?sid=7e3aa3ce-39dc-493b-86ac-eff77baaf36e%40sessionmgr10&vid=11&hid=115&bdata= JnNpdGU9ZWRzLWxpdmUmc2NvcGU9c2l0ZQ%3d%3d#db=c9h&AN=66865242>.

Thursday, January 16, 2020

Boston Beer Company Essay

You are the investment banker assigned with the task of setting the IPO price for Boston Beer Company (BBC). Prepare a research report to support your recommendation. As you prepare this report, you may find that you would like to have more field information than what the case offers you. However, the case contains critical information that gives you a reasonable basis to compute its valuation. In addition use the following information for 1995. 1 Sales ($ millions) Redhook Pete’s BBC 25. 89 59. 17 151. 31 EPS . 75 . 25 . 40 Book value/share 7. 70 4. 33 3. 00 Price 27. 00 24. 75 ? Also, use the following information for BBC for 1996. Make additional assumptions as necessary (and state any additional assumptions) to compute free cash flows for subsequent years: 1. The ratio of Net profit before taxes to sales is 12%. 2. Tax rate is 35% 3. For every dollar of increased sales BBC will increase working capital by 15% (or working capital will increase by $0. 15 for every dollar of increased sales) 4. Capex is 2% of sales 5. Depreciation is 2% of sales 6. BBC’s beta is 1. 2. Use BBC’s cost of equity as its WACC since its debt is a trivial part of its capital structure. 7. Analysts’ growth forecast for BBC and for the craft brewing segment in general is 30% per year over the next five years. Present the following: 1. Overview of the industry – competitive landscape, expected short-term and longterm industry growth, key players in the industry. Summarize the key facts from the case in about one to two paragraphs. Identify the closest peers to BBC. †¢ Also, present as separate analysis of the relative growth of the craft brewing segment. Suppose the craft brewing segment grows at 30% per year for the next five years. What would be the % share (as a % of barrels sold) of the craft brewing segment in the beer industry? What would be the % share of the craft brewing segment if this segment grows at a 30% per year rate for the next 10 years? How do you expect established players in the market to react if this segment of the market grows at these rates? Some of the information for Pete’s and Redhook given below differ from the case. Use the information here in your analysis. 1 2. Business description and a brief history of the company. Does the company have any unique strategic positioning within the industry? – One paragraph 3. Present a qualitative assessment of the future outlook for the company. For example, are there any new products in the pipeline? Do you anticipate any competitive threats? Based on these developments, do you expect BBC’s growth and profitability to improve deteriorate, or stay about the same as in the past? 4. Revenue Forecasts and Free cash flow forecasts for the next ten years– †¢ Specifically explain if you are forecasting revenue and FCF growths and profit margins that are significantly different from the company’s historical experience and why. 5. Present a DCF analysis and determine BBC’s intrinsic value. Assume that BBC’s Enterprise Value/ NOPLAT will be 18 ten years from now (check for sensitivities by assuming a multiple of either 15 or 20). 6. Present a valuation based on valuation ratios (P/B, P/E, P/S) for comparable firms. What price would you recommend based on these valuation ratios? Based on your recommended price, is BBC’s P/B ratio bigger or smaller than that of Redhook? Of Pete’s? Can you justify this difference? Do the same analysis for P/E and P/S ratios. (Note: Suppose a particular valuation ratio for one firm is 25 and you recommend a corresponding valuation multiple of 35 for BBC. 2 Justify why BBC would command a higher valuation ratio. Justify the direction of the difference (higher or lower) and you do not have to precisely justify why BBC’s valuation multiple should be 35 rather than a different number, say 34. ) 7. Recommend an IPO price. 2 The numbers 25 and 35 that I use here are arbitrary, and I picked them only to explain the idea. Don’t attach any importance to these specific numbers.

Wednesday, January 8, 2020

Essay on Police Brutality - 3199 Words

Police Brutality Government policies reflect choices made among conflicting values and many different people, groups, and institutions influence policy decisions. Police brutality is influenced by many, such as our American political ideals of civil rights and liberties, the political process in terms of the media and our political institutions, one which the courts. CIVIL RIGHTS:Whats are out civil rights and liberties relating to the public policy issue of police brutality? Our civil rights and liberties are embedded in our constitution and state religion, freedom of speech, the rights to assemble peacefully and to petition the government, the right to bear arms, freedom of the press, the rights of the criminally accused,†¦show more content†¦Many people in the minority community believe that white police officers are far more responsible for abusive conduct toward minorities than any other group(2). The authors of Beyond the Rodney King Story conclude that â€Å" Police abuse in America largely consists of white officers abusing minority citizens. Rickie Clark of the National Black Police Association, testified that his organization has yet to receive a complaint from a white person claiming mistreatment by a black officer†. Carol Heppe of Police Watch testified that the â€Å"federal government has a duty to compile statistics on state prosecutions of the police and to conduct studies of police abuse in its capacity as guranteed of the civil and human rights of all U.S citizens†(4). Though our civil liberties and rights are supposed to be guaranteed, it clearly seems as if they are deeply violated when it comes to police brutality, especially against minorities. Ronald Hampton, a retired D.C. police officer and executive director of the National Black Police Association says â€Å"Politicians and police have said that for us to deal with this effectively you almost have to be willing to give up some of your rights and privileges†(5). Though we have rights, the police seem to have more. â€Å"-Police men have the right to stop one when one is driving a car and ask to see ones license and registration. -Police men have the right to briefly ask one questions on theShow MoreRelatedThe Causes Of Police Brutality810 Words   |  4 Pages Police brutality remains to be one of the most abused human rights in the US.Police have actet out in ways that have made people wonder â€Å"Are officers of the law really doing there job?† Over takats African Americans have gotten discriminated .But for over 50 years those who are to protect us are not.One of the reasons that The media contributes to police brutality is by leaving some stories untold or even change it which then leaves an false impression for the readers . 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The term police brutality is commonly used very loosely to any and all forms of policeRead MorePolice Brutality1263 Words   |  6 Pagesï » ¿Police Brutality Did you know that Police brutality is the intentional use of excessive force, usually physical, but potentially also in the form of verbal attacks and psychological intimidation, by a police officer? Despite major improvements in police practices (since 1981) reports of alleged police misconduct and abuse continue to spread through the nation. Police Brutality still goes on around the world today with improvements of enforcing police brutality in police departments. There haveRead MorePolice Brutality1865 Words   |  8 Pagesï » ¿Police Brutality is Prevalent Background Information Over the recent years, police have been one of the organizations to be associated with the largest cases of misconduct. Police brutality can be termed as the process of misuse and abuse of authority by the police. 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Many say that we should keep the police officers’ perspective in mind. Others say that these actions are due to racism or post 9/11 paranoia. Whatever the excuse may be for these cases, there should be no need for violence anywhere. Police brutality videos go viral and reveal to the world that it actually happens and that it may happen to you too. This pervades people with fear and anger because their