ASSIGNMENT SHEET

TUESDAY, JANUARY 17, 2012

CLASS 1– INTRODUCTION AND GOALS FOR THE SEMESTER

A. CLASS LECTURE
1. Review of Topics, Assignment Sheets, and Course Outline
2. The Case Method - Rules for Classroom Discussion
3. Instruction for the Formation of Study & Project Groups

B. Professor/Student Introductions

C. READINGS FROM COURSE PACKET:

1. Fin 394.4 Syllabus - Course Outline and Grading Policy
2. “Course Introduction”
3. Note to the Student: How to Study and Discuss Cases
4. “The Case Method” - Jeff Sandefer
5. “Classroom Discussion” - Jeff Sandefer
6. “Note on Study Groups” - Jeff Sandefer

ASSIGNMENT:

1. PURCHASE THE COURSE PACKET

2. BRING YOUR RESUME TO THE NEXT CLASS

3. BROWSE THE CLASS BLACKBOARD SITE:

(HTTP://COURSES.UTEXAS.EDU/) AND LOOK AT THE EXTERNAL LINKS
AND COURSE DOCUMENTS POSTED.

a. Case Exhibits
b. Case Solutions
c. Valuation Templates
d. Valuation External Links
e. Project Information
 ASSIGNMENT SHEET
THURSDAY, JANUARY 19, 2012

CLASS 2 – WORK FOR MONEY OR MONEY WORK FOR YOU?

A. Turn in Resume

B. Form study groups (self-select 4-6 people with different

education, concentration, work experience and cultural
background). Send e-mail to the professor with team member’s
names. Study teams members must be in same section of the
class.

C. If you plan to do a consulting project, then start forming a team of

four (4) members and looking for a privately held company to
analyze. Members can be different than your study team and can
be in the other section of the class.

D. CLASS LECTURE
1. Definition of Small Business
2. Importance of Small Business to US Economy
3. Differences in Small and Large Businesses
4. Business Archetypes

E. READINGS FROM THE COURSE PACKET:

1. THE QUESTIONS EVERY ENTREPRENEUR MUST ANSWER

2. SMALL COMPANY FINANCE: WHAT THE BOOKS DON'T SAY
3. A SMALL BUSINESS IS NOT JUST A LITTLE BIG BUSINESS

BLACKBOARD: OVERVIEW OF SMALL BUSINESS.PPT

ASSIGNMENT: For Class Discussion Next Class

1. The MBA degree is designed for you to work as a manager for a

large organization. Think about how you might use your MBA
skills to start or buy a business. Hopefully it would be in an area
for which you really have a passion and can make money as well.
What type of skill sets (education, work experience, domain
expertise, etc.) do you need to be an owner/manager?
2. What type of industry would you choose? Prepare to give an
elevator pitch on your business idea for the next class.
 ASSIGNMENT SHEET
TUESDAY, JANUARY 24, 2012

CLASS 3 – START, BUY, FRANCHISE OR FAMILY BUSINESS

A.CLASS LECTURE:
1. Creating Wealth vs. Managing Wealth
2. Rewards and Sacrifices of Self-Employment
3. Starting vs. Buying a business
4. Franchises
5. Family businesses

B. CLASS DISCUSSION:
ELEVATOR PITCH - YOUR PERFECT BUSINESS TO OWN AND
OPERATE. BE PREPARED TO GIVE A 1 MINUTE OVERVIEW OF HOW
YOU WOULD USE YOUR MBA TO BECOME SELF EMPLOYED.

C. READINGS FROM THE COURSE PACKET:

1. A NOTE ON FRANCHISING
2. ENTREPRENEUR: HOW TO BUY A BUSINESS
3. HOW VENTURE CAPITALISTS EVALUATE POTENTIAL
VENTURE OPPORTUNITIES

D. BLACKBOARD: ENTREPRENEURSHIP.PPT

E. ASSIGNMENT:

Make sure you are on a study team as your first case discussion is
next class.
 ASSIGNMENT SHEET
THURSDAY, JANUARY 26, 2012

CLASS 4 – ALL IN THE FAMILY

ASSIGNMENT:

A. CASE:
1. COLETEK, INC. SB-144

B. READING:

1. TRANSFERRING POWER IN THE FAMILY BUSINESS HBR 79401

2. DEFINITIONS & TYPOLOGIES OF FAMILY BUSINESS

C. STUDY QUESTIONS:

1. Should Alan Cole sell ColeTek or hire new management?

2. What’s the lowest price you would accept if you were

Alan?

3. If you were Paul or Brian, would you buy at that price

and what terms would you build into the agreement?

4. How could this situation have been avoided? (Be

specific.)

5. How would you value Brian and Paul’s new business?

What is their unproven technology worth? What are
ColeTek’s patents and distributor network worth?

D. BLACKBOARD: SUCCESSION PLANNING.PPT

 ASSIGNMENT SHEET
TUESDAY, JANUARY 31, 2012

CLASS 5 – LEGAL FORMS OF ORGANIZATION

A. CLASS LECTURE:
1. Tax vs. Liability Issues
2. Type of Investor
3. Legal Forms:
a. Sole Proprietorship
b. General and Limited Partnership
c. Limited Liability Companies
d. S and C Corporations
e. Section 1244 and 1202 Stock

B. READINGS FROM THE COURSE PACKET:

1. ORGANIZING THE ENTERPRISE: WHICH FORM IS BEST FOR YOU?

C. ASSIGNMENT: None

D. BLACKBOARD: LEGAL FORMS.PPT

 ASSIGNMENT SHEET
THURSDAY, FEBRUARY 2, 2012

CLASS 6 – FOUNDER CHOICES

A. CLASS LECTURE:
1. Bootstrapping
2. Equity Splits
3. Roles and Board of Directors
4. Rich vs. King Decision
5. Persistence vs. Exit

B. CASE:
1. LATHER, RINSE, REPEAT: Feedburner’s Serial Founding Team

C. STUDY QUESTIONS:
1. What mistakes did Costolo and his partners make in the three
ventures that preceded FeedBurner? Founding team
decisions? Hiring Decisions? Financing Decisions?

2. Have they made the same mistakes with FeedBurner? What

lessons did they learn from the previous companies?

3. What should Costolo do now: take the Google offer or the “C”
round of funding from the VCs?

4. What are the trade-off between control and maximizing value?

READINGS FROM THE COURSE PACKET:

1. BOOTSTRAP FINANCE: THE ART OF START-UPS

 ASSIGNMENT SHEET
TUESDAY, FEBRUARY 7, 2012

CLASS 7 – A BIG PIECE OF A SMALL PIE

OR A SMALL PIECE OF A LARGE PIE?

CLASS LECTURE: FINANCING A BUYOUT

1. Debt vs. Equity
2. Control vs. Risk

CASE: Clarion Optical Co. HBS 9-393-116

STUDY QUESTIONS:

1. Should Cyrus Atkins sell Clarion Optical? Would you buy it if

you were Stone or Randall? Why or why not?

2. What is the company worth? To Cyrus? To Stone and Randall?

3. How much ownership in the company should Randall and Stone

have?

4. Who owns the intellectual property and how would you value it?

5. How should the deal be structured? Which financing alternative

would you select and why?

READINGS FROM THE COURSE PACKET:

1. WHY ENTREPRENEURS DON’T SCALE

2. NOTE ON THE FINANCIAL PERSPECTIVE: WHAT EVERY
ENTREPRENEUR SHOULD KNOW
 ASSIGNMENT SHEET
THURSDAY, FEBRUARY 9, 2012

CLASS 8 – MEASURING BUSINESS PERFORMANCE

CLASS LECTURE: Financial Statement Analysis

1. DuPont Analysis
2. Breakeven Analysis

CASE: NONE

READINGS FROM THE COURSE PACKET:

1. NOTE ON UNIT ECONOMICS
2. BREAKEVEN ANALYSIS & OPERATING LEVERAGE

ASSIGNMENT: PREPARE THE MATCH THE INDUSTRY CASE AND TURN IN AT

THE BEGINNING OF NEXT CLASS (INDIVIDUAL ASSIGNMENT). MATCH THE
INDUSTRY WITH THE COLUMN FINANCIAL DATA AND GUESS WHICH COMPANY
REPRESENTS THE INDUSTRY. GIVE A BRIEF EXPLANATION OF WHAT
CHARACTERISTICS YOU WERE LOOKING FOR IN MATCHING THE INDUSTRY. ALL
DATA IS FROM 2010.

BLACKBOARD:
1. Financial Statement Analysis.ppt
 ASSIGNMENT SHEET
TUESDAY, FEBRUARY 14, 2012

CLASS 9 – FINANCIAL STRATEGIES

CLASS LECTURE: FINANCIAL STRATEGIES

1. DUPONT Analysis
2. Benchmarking

CASE: Match the Industry Case

This is an individual effort to be turned in at the beginning of this class. Fill out
the table matching the industry with the column of financial data. Try to guess
the name of the company representing the industry. Give a brief explanation of
why you matched each industry with the financial characteristics and ratios
shown in the case exhibit. Deliverable should be no longer than 2 pages.

STUDY QUESTIONS:

Every industry and company will have some unique financial characteristics. Use
your knowledge of the industry to match up the financial characteristics with the
ten columns of common sized financial statements and ratios shown in the
exhibits. Group the industries that would have R&D expense. Group other
industries that would be inventory dependent. Group other industries that might
be capital intensive with lots of fixed assets and debt levels. Other industries
might have high margins and rates of return. Some industries might have
goodwill as a result of industry consolidation. Once you have them in buckets,
try to pick out unique industry features that might reveal themselves in the
financial data.

READINGS FROM THE COURSE PACKET:

1. ASSESSING THE FIRM’S FUTURE FINANCIAL HEALTH
2. MEASURING BUSINESS PERFORMANCE

BLACKBOARD:
1. Financial Statement Analysis.ppt
2. Breakeven Analysis.ppt
 ASSIGNMENT SHEET
THURSDAY, FEBRUARY 16, 2012

CLASS 10 – GROWTH CAN KILL

A. LECTURE: WORKING CAPITAL MANAGEMENT

1. Cash Conversion Cycle
2. Percent of Sales Method of Asset Forecasting

B. CASE:
1. Butler Lumber Company

B. STUDY QUESTIONS: Attached to case

C. READINGS FROM THE COURSE PACKET:

1. CASH MANAGEMENT PRACTICES IN SMALL COMPANIES
2. NOTE ON MANAGING THE GROWING VENTURE
3. FIVE STAGES OF SMALL BUSINESS GROWTH

D. ASSIGNMENT: HANDOUT OF THE TAKE HOME EXAM DUE

IN ONE WEEK (INDIVIDUAL EFFORT, OPEN BOOK AND NOTES )

E. BLACKBOARD:
1. Working Capital Management.ppt
2. Asset Forecasting.ppt
 ASSIGNMENT SHEET
TUESDAY, FEBRUARY 21, 2012

CLASS 11 – WHAT’S IT WORTH?

.

CLASS LECTURE: BUSINESS VALUATION REVIEW

1. Precedent Transactions
2. Guideline Public Companies
3. DCF Models
4. LBO Models

CASE: NONE.

READINGS FROM THE COURSE PACKET:

1. NOTE ON VALUING PRIVATE BUSINESSES
2. CORPORATE VALUATION AND MARKET MULTIPLES

BlackBoard:

1. Business Valuation.ppt
 ASSIGNMENT SHEET
THURSDAY, FEBRUARY 23, 2012

CLASS 12 – INTRINSIC VALUE – DCF MODELS

TURN IN: TAKE HOME EXAM

CLASS LECTURE: BUSINESS VALUATION REVIEW

1. Estimating Cash Flows and Terminal Value
2. Choosing the discount rate
a. CAPM, BUM, Total Beta
3. Discounts for Lack of Control, Marketability

CASE: NONE.

READINGS FROM THE COURSE PACKET:

1. NOTE ON CASH FLOW VALUATION METHODS: COMPARISON OF
WACC, FTE, CCF AND APV APPROACHES
2. NOTE ON VALUING CONTROL AND LIQUIDITY IN FAMILY AND
CLOSELY HELD FIRMS
3. QUANTITATIVE SUPPORT FOR DISCOUNTS FOR LACK OF
MARKETABILITY

BlackBoard:

1. Business Valuation.ppt

ASSIGNMENT: MIDTERM CASE WILL BE DISTRIBUTED THIS

CLASS. DUE NEXT THURSDAY, MARCH 1ST.
One week from today, each student will submit a written case analysis at the
beginning of class. Your work on the midterm case should be an individual
effort. Your analysis should be word processed and double spaced with at
least a 12-point font. Your analysis and spreadsheet work should not exceed
10 pages. Do not put your name on the front of your analysis as I grade it
blindly. Put your name on the back of the last page and staple. Discussing
the case with other students in this or other classes is a violation of the
honor code. Going out on the web to find out what happened to the company is
also a violation of the honor code. You should stay within the case facts and just
list your assumptions.
 ASSIGNMENT SHEET
TUESDAY, FEBRUARY 28, 2012

CLASS 13 – D-I-V-O-R-C-E – What’s Your Bid?

LECTURE:
1. BUY-SELL TRIGGERED TRANSACTIONS
2. NORMALIZING THE FINANCIAL DATA

CASE:
I. THE CARLTON POLISH COMPANY

STUDY QUESTIONS:

1. What, if anything, should Carlton bid?

2. What other factors other than price should Carlton consider?
3. What do you think of the opportunity and the company’s future?
4. Are you comfortable with the financing plan? Why or why not?

READING FROM THE COURSE PACKET:

1. THE COMPANY SALE PROCESS

 ASSIGNMENT SHEET
THURSDAY, MARCH 1, 2012

CLASS 14 – SHOW ME THE MONEY!

SOURCES OF CAPITAL

TURN IN: TURN IN YOUR 10 PAGE WRITTEN ANALYSIS AND RETURN

THE CASE AT THE BEGINNING OF CLASS. YOUR NAME AND CLASS TIME
SHOULD BE ON THE BACK OF THE LAST PAGE OF YOUR ANALYSIS.

CLASS LECTURE: Financing the Transaction

Sources of Capital/Private Equity
1. Debt Sources
2. Equity Sources
3. Government Backed Programs

CASE: None

READINGS:
1. NOTE ON ANGEL INVESTING
2. NOTE ON PRIVATE EQUITY DEAL STRUCTURES

BLACKBOARD:
1. Sources of Capital.ppt
2. Terms Sheets.ppt
3. History of Private Equity.ppt
4. PRIVATE EQUITY GLOSSARY.PDF

THERE WILL BE NO CLASS DURING GLOBAL PLUS AND SPRING BREAK

(MARCH 6 – MARCH 15). Project teams should work on their consulting
projects and other students should catch up on their readings in the course
packet.
 ASSIGNMENT SHEET
TUESDAY, MARCH 20, 2012

CLASS 15 – CAPITAL STRUCTURE THEORY

CLASS LECTURE: FINANCING THE COMPANY

1. Capital Structure Theory

CASE: NONE

READINGS FROM THE COURSE PACKET:

1. NOTE ON THE THEORY OF OPTIMUM CAPITAL STRUCTURE

2. A MANAGERIAL PRIMER ON THE U.S. BANKRUPTCY CODE
3. INDIFFERENCE POINT ANALYSIS

BLACKBOARD:
1. CAPITAL STRUCTURE.PPT

ASSIGNMENT: LOOK AT THE FOLLOWING WEBSITES THAT WILL HELP YOU WITH
YOUR PROJECT:
1. http://www.capitalIQ.com – use your user name and password to
look at the database for public companies and transactions
2. http://pages.stern.nyu.edu/~adamodar/ - Look at the valuation
datasets and excel models
3. http://www.exinfm.com/free_spreadsheets.html
4. http://www.lib.utexas.edu/indexes/index.php
5. http://www.reuters.com/finance/stocks

Send me your consulting project company’s SIC or NASIC and I will send
you excel files on comparable transactions.
 ASSIGNMENT SHEET
THURSDAY, MARCH 22, 2012

CLASS 16 – GREED VS FEAR

CLASS LECTURE: MAKING THE HARD CHOICE

1. When is the right time to exit?
2. Exit now or take capital and grow?

CASE: TICKLE

STUDY QUESTIONS:
1. If you were Currier, which option would you choose? Why?
a. Option 1- Big Round of VC and prepare for an IPO?
b. Option 2- Sell Tickle (Emode) to Monster.com
c. Option 3- Do neither and focus on operations- Pursue
social networking with existing cash and internally
generated funds.

2. Rationalize the $92 million offer from Monster.com based on 4x

trailing revenues. How comfortable would you be with terms
including Monster.com stock and an earnout?

3. What are the pros and cons of taking the $62 million pre-money
($82 million post-money) valuation from the VCs?

4. Which options do you think August Capital and the other

shareholders would prefer? Why?

READINGS FROM THE COURSE PACKET:

1. NOTE ON EMPLOYEE STOCK OWNERSHIP PLANS AND PHANTOM

STOCK PLANS
2. NOTE ON VALUATION OF VENTURE CAPITAL DEALS
 ASSIGNMENT SHEET
TUESDAY, MARCH 27, 2012

CLASS 17 – JUST A MATTER OF TAXES

LECTURE: LEVERAGE BUYOUTS

1. Majority Recapitalizations

CASE: Brazos Partners: the CoMark LBO 9-202-090

STUDY QUESTIONS:

1. Do you agree with the $40 million purchase price?

2. What is the purpose of the earnout? If you were the seller,

would you accept a subordinated note from the buyers? Why or
why not?

3. If you were an intermediary, how would you negotiate the issue

of whether the transaction should be an asset sale or stock
sale?

4. What value does Brazos bring to the sellers?

READINGS IN THE COURSE PACKET:

1. Technical Note on LBO Valuation (A)

2. Technical Note on LBO Valuation (B)

ASSIGNMENT: Try doing a reverse induction method as shown in the

readings.
 ASSIGNMENT SHEET
THURSDAY, MARCH 29, 2012

CLASS 18 – IS THIS A “BUBBLE”?

LECTURE: CROSS BORDER VALUATIONS

1. Political Risks, Currency Risks, Repatriation Risks

CASE: Mandic BBS – An Entrepreneurial Harvesting Decision

STUDY QUESTIONS:

1. What are the valuation challenges in international, cross-border

valuations?

2. Which partner is the best to accomplishing Mandic BBS's long-

term goals?

3. How much is Mandic BBS worth? How do you balance the risk
vs. the growth opportunities?

4. Is taking the highest bid the best alternative for all of the
stakeholders? How much influence will GP exert in this
decision?

READINGS FROM THE COURSE PACKET:

1. VALUING CASH FLOWS IN AN INTERNATIONAL CONTEXT

 ASSIGNMENT SHEET
TUESDAY, APRIL 3, 2012

CLASS 19 – DIVERGENCE OF GOALS – PE Exits

CLASS LECTURE: Private Equity Exits

1. M&A vs. IPO

CASE: ELLER MEDIA S-SB-101

STUDY QUESTIONS:

1. Should Eller Media launch an IPO or sell to Clear Channel?

2. Why has the company been so successful? Would you have

backed Karl Eller?

3. What industry ‘rules of thumb’ for valuations might billboard

companies use to value themselves?

4. Relate Eller Media’s financial strategy to the DuPont analysis

decomposition of ROE.

5. How much is Eller Media worth and which option do you think
each of the stakeholders will support?

READINGS FROM THE COURSE PACKET:

1. A NOTE ON EXITS
2. A NOTE ON THE INITIAL PUBLIC OFFERING PROCESS
 ASSIGNMENT SHEET
THURSDAY, APRIL 5, 2012

CLASS 20– ROLLING, ROLLING, ROLLING…ROLL-UP

CLASS LECTURE: ROLL-UPS (CONSOLIDATIONS)

1. Poof vs. Buy & Build Strategy

CASE: Project “Dial-Tone” HBS 9-897-003

STUDY QUESTIONS:

1. What industry characteristics are favorable for roll-ups?

2. What are the characteristics of these three companies that make

a roll-up attractive?

3. What does each of the players bring to the table? Can you still
do the roll-up if all three companies do not agree to be
acquired? Why or why not?

4. What should Hellman do?

READING IN THE COURSE PACKET:

1. THE CONSOLIDATION OF HIGHLY FRAGMENTED SERVICE

INDUSTRIES: ROLLUPS
2. ACCOUNTING FOR BUSINESS COMBINATIONS: PURCHASE METHOD
 ASSIGNMENT SHEET
TUESDAY, APRIL 10, 2012

CLASS 21– CHANGING OF THE GUARD (MBO)

LECTURE: MANAGEMENT BUYOUTS

1. Financing and Deal Structure

CASE: John M. Case Company

STUDY QUESITONS:

1. What price should the managers offer?

2. As the owner, would you accept this price or put the company
up for auction?

3. What are the Key Success Factors (KSF’s) for the company?

4. What is the NPV of the diversification strategy and how key is it

to their future plans?

5. Can the managers put together a deal structure that meets their
goals?

READINGS FROM THE COURSE PACKET:

1. A NOTE ON LEVERAGED BUYOUTS

 ASSIGNMENT SHEET
THURSDAY, APRIL 12. 2012

CLASS 22 – USING YOUR STOCK AS CURRENCY – EXCHANGE

RATES

LECTURE: M&A BASICS

1. ACCRETION/DILUTION ANALYSIS
2. EXCHANGE RATES
3. FORECASTING AND SHARING SYNERGIES

CASE:
Automated Intelligence Corp.

READING FROM THE COURSE PACKET:

1. A Note on Mergers and Acquisitions and Valuation

2. Evaluating M&A Deals – Equity Consideration

STUDY QUESTIONS:

1. See Study Questions at the End of the Case.

2. What are AIC’s expectations of value and what do they

believe they are bringing to the table? What does PCI
bring to the table?

3. What would be the maximum number of shares of PCI

that AIC can expect to get in exchange for their shares?

4. Would your exchange rate be accretive or dilutive to the

shareholders of PCI?

BLACKBOARD: MERGERS & ACQUISITIONS.PPT

ASSIGNMENT: Your Second Take Home Exam WILL BE HANDED OUT

THIS CLASS AND IS DUE IN ONE WEEK.
 ASSIGNMENT SHEET
TUESDAY, APRIL 17, 2012

CLASS 23 - IS THE WHOLE EQUAL TO THE SUM OF ITS PARTS?

LECTURE: BREAKUP VALUE

1. Sum of the Parts Valuation

CASE: Interco

STUDY QUESTIONS:

1. What is the highest price per share that you would pay for Interco?

2. Which valuation method did you use and why?

3. Why has Interco been successful? If you were to restructure, how

would you propose to do it?

4. Do you trust Wasserstein Perella? Do you find any problems with

their presentation and analysis?

READINGS FROM THE COURSE PACKET:

1. NOTE ON SUM-OF-THE-PARTS VALUATION

 ASSIGNMENT SHEET
THURSDAY, APRIL 19, 2012

CLASS 24 – PLAYING HARDBALL

TURN IN: Second Take Home Exam Due at Beginning of Class

LECTURE: ETHICS IN NEGOTIATIONS & FINANCE

1. Discussion of the Difference in Moral, Ethical and Legal

CASE: Devon Industries, Inc. (A) & (B)

STUDY QUESTIONS:

This case is about ethics and negotiations and should provoke

a lot of class discussion. There are not any numbers to
analyze.

1. What is the difference between what is moral, ethical, and legal?

2. Does payment or the amount of money involved influence your

decision?

3. Would you use the information on the political contributions in

your negotiations for the sale of the business?

READINGS FROM THE COURSE PACKET:

1. ETHICS IN FINANCE
2. BRINKMANSHIP IN BUSINESS

ASSIGNMENT: Fill out your answers to the Devon “B” case.

 ASSIGNMENT SHEET
TUESDAY, APRIL 24, 2012

CLASS 25– RIDING THE WAVE

CASES:
1. Star Cablevision (A) HBS N9-293-036

2. Star Cablevision (B) HBS N9-293-037 (Bring the B

case with you to class but do not read it before class.
We will discuss the A case and you will read the B
case in class).

READING FROM THE COURSE PACKET:

1. Capital Market Myopia HBS 9-288-005

STUDY QUESTIONS:

1. What should Don Jones do?

2. How much of the company, if any, should he harvest?

3. How should he proceed?

4. What is Star Cablevision worth? How do you know if

you are in an asset bubble? If you are playing for the
long haul, does it matter?

ASSIGNMENT: Project teams should schedule a meeting with Professor

Nolen to present their consulting project.
 ASSIGNMENT SHEET
THURSDAY, APRIL 26, 2012

CLASS 26 – THE PERFECT STORM

CASE:
1. Star Cablevision (C) N9-293-038
Bring the Star Cablevision (D) case with you to class and we will read
in class. Do not read the (D) case before we discuss the (C) case.

2. Star Cablevision (D) N9-293-039 – Do not read the D before we

discuss the (C) case.

READINGS:

NONE

STUDY QUESTIONS:

1. What should Don Jones do?

2. How would you negotiate with the senior and junior debt
holders? What are your options for restructuring?

ASSIGNMENT: Project teams should schedule a meeting with Professor

Nolen to present their consulting project.
 ASSIGNMENT SHEET
TUESDAY, MAY 1, 2012

CLASS 27– LESSONS LEARNED

LECTURE: NONE

CASES:
2. STAR CABLEVISION (E & F) N9-293-040 & N9-293-
041
Read and prep both cases.

STUDY QUESTIONS:

1. What are the lessons learned from Jones’ adventure.

2. Could all of this been avoided? How? Could it have been

predicted? How?

3. When you die, what do you want written on your

tombstone?

ASSIGNMENT: Project teams should schedule a meeting with Professor Nolen

to present their consulting project.
 ASSIGNMENT SHEET
THURSDAY, MAY 3, 2012

CLASS 28– LESSONS LEARNED, COURSE SURVEY

LECTURE: COURSE REVIEW

TEACHER EVALUATION

CASE: None

ASSIGNMENT: Your study team and project team peer evaluation forms
will be handed out for you to complete and return.

McCombs Teacher Evaluations

Hand out Final Exam Case for take-home final.

(DUE NEXT THURSDAY, MAY 10TH, AT 2:00 in the Finance Department
office CBA 6.222)

Each student (except those who elected at the beginning of the semester to do
the consulting project) should submit a written analysis of the final exam case.
You may use spreadsheet templates developed in your study groups but your
work on the midterm case should be an individual effort.

Your analysis should be word processed and double spaced with at least a 12
point font. Your analysis and spreadsheet work should not exceed 10 pages.

Do not put your name on the front of your analysis as I grade it blindly. Put
your NAME on the back of the last page and staple. You are to return the
case with your typed case analysis to the Finance Department before 2:00
PM on THURSDAY, MAY 1OTH. (THE FINANCE DEPARTMENT CLOSES
FOR LUNCH AT NOON).

Discussing the case with other students in this or other classes is a violation of
the honor code. Looking up what happened to the company on the web is also a
violation of the honor code.

Study Questions will be attached to the final exam case to be handed out at the
end of this class. You can e-mail me with any questions you have on the final
case.

FOR TEAMS DOING THE CASE CONSULTING PROJECT:

If you elected to do the project in lieu of the final exam:

YOUR TEAM’S FINAL WRITTEN ANALYSIS OF YOUR CASE IS DUE ON

THURSDAY, May 10th AT 2:00 PM IN THE FINANCE DEPARTMENT
OFFICE (CBA 6.222).
 ASSIGNMENT SHEET
THURSDAY, MAY 10, 2011

Your PROJECT team should have signed up for a one hour presentation of
your project to me in my office and I will give your feedback prior to the
final deliverable. Meeting times will be offered during the two week period
prior to the due date of the final deliverable.

TURN IN:

1. Study Team Peer Review

2. Project Team Peer Review (IF APPLICABLE)

3. TURN IN FINAL CASE ANALYSIS & RETURN FINAL

CASE TO THE FINANCE DEPARTMENT OFFICE (CBA
6.222) BY 2:00 P.M.

4. PROJECT TEAMS SHOULD TURN IN THEIR FINAL

DELIVERABLE TO THE FINANCE DEPARTMENT OFFICE
(CBA 6.222) BY 2:00 P.M.

GRADES WILL BE POSTED TO BLACKBOARD AND THE REGISTRAR’S

OFFICE BY WEDNESDAY OF NEXT WEEK.