Case Problems in Finance

W. C. Kester; W. E. Fruhan  Jr.; T. R. Piper; R. S. Ruback

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Book | 1997

Case Problems in Finance

by W. C. Kester, W. E. Fruhan Jr., T. R. Piper and R. S. Ruback

Keywords: Finance;

Format: Print

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Citation:

Kester, W. C., W. E. Fruhan Jr., T. R. Piper and R. S. Ruback, eds. Case Problems in Finance. 11th ed. Irwin, 1997.

About the Authors

W. Carl Kester

George Fisher Baker Jr. Professor of Business Administration

Finance

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William E. Fruhan

George E. Bates Professor, Emeritus

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Thomas R. Piper

Lawrence E. Fouraker Professor of Business Administration, Emeritus

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Richard S. Ruback

Baker Foundation Professor, Willard Prescott Smith Professor of Corporate Finance, Emeritus

Finance

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More from these Authors

Case | HBS Case Collection | August 2017 (Revised November 2019)

Capitol Digital

Richard Ruback and Royce Yudkoff

The case describes the acquisition of Capitol Digital, which specialized in litigation support and digital forensics, including due diligence findings and first year operational plans.

Keywords: Mergers and Acquisitions; Planning;

Citation:
Ruback, Richard, and Royce Yudkoff. "Capitol Digital." Harvard Business School Case 218-019, August 2017. (Revised November 2019.) View Details

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Case | HBS Case Collection | November 2019

Apple, Einhorn, and iPrefs (Abridged)

Carliss Y. Baldwin and W. Carl Kester

In March 2013, Apple Computer has a very large cash balance, and is under pressure to return cash to shareholders. Hedge fund manager David Einhorn thinks Apple can "unlock value" by issuing perpetual preferred stock, dubbed iPrefs. Henry Blodget, CEO of Business Insider, disagrees, saying "you can't just wave your magic wand and make something of nothing." This short case is designed to support a discussion of "perfect" markets and the Modigliani-Miller capital structure irrelevance propositions. The case focuses on two questions: (1) From a shareholder's perspective, how is Apple's cash different from cash in a bank or money market account? (2) Can Apple create significant value for shareholders by splitting each common share into an iPref plus a common share?

Keywords: markets; Stock Shares; Value Creation; Business and Shareholder Relations;

Citation:
Baldwin, Carliss Y., and W. Carl Kester. "Apple, Einhorn, and iPrefs (Abridged)." Harvard Business School Case 220-043, November 2019. View Details

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Case | HBS Case Collection | August 2016 (Revised November 2019)

Baskits Inc.

Richard S. Ruback and Royce Yudkoff

Soon after Robin Kovitz (MBA 2007) acquired Baskits Inc., the largest gift basket company in Canada, she became convinced that the business needed to make significant operational improvements. In her first year as CEO, she introduced an ERP system to help with sales and purchasing and relocated the business to a more efficient facility. She wondered if she moved too quickly.

Keywords: Production; Supply Chain; Performance Improvement; Consumer Products Industry; Canada;

Citation:
Ruback, Richard S., and Royce Yudkoff. "Baskits Inc." Harvard Business School Case 217-001, August 2016. (Revised November 2019.) View Details

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Case Problems in Finance

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