Friday, April 28, 2017

Annual Reviews: Bibliographic Essays For Experts

Annual Reviews are a great way to get some background in your topic. They present bibliographic essays aimed at specialists on extremely specialized topics . They are written in a very high level so that's good for graduate students and academic researchers!

Wednesday, April 26, 2017

Business at the Movies: Margin Call

Margin Call is a great way to understand the beginning of the financial crisis and the financial derivatives that caused it.  Set in a fictionalized Wall Street trading firm, the company math whiz discovers that the company mathematical models are geared to a theory that doesn't match the reality.  The problem is, so many people believed the theory was infallible that the firm could not survive any mistakes because no reserves were set aside (why would you?).

That's the quickest way I know how to describe how derivatives and some of the other mathematical models melted down.

Margin Call features a great cast including Kevin Spacey, Jeremy Irons, Simon Baker, Demi Moore and Stanley Tucci, 

Tuesday, April 18, 2017

Company Strategies in 10-K

This was a real assignment. 

Looking for a summary of a company's business strategy? The 10-K annual report form is one possible source (available on the company's internet site, through Mergent or the SEC's Edgar database

In this example, Ross Stores explains its strategy of sourcing and pricing. This material usually comes in their business description, which is Part 1 of a standard 10-K format and early in the doc. You may also do a CTRL-F word find for keywords.


Here's a partial excerpt from their 2013 10-K:

By purchasing later in the merchandise buying cycle than department, specialty, and discount stores, we are able to take advantage of imbalances between retailers’ demand for products and manufacturers’ supply of those products. Unlike most department and specialty stores, we typically do not require that manufacturers provide promotional allowances, co-op advertising allowances, return privileges, split shipments, drop shipments to stores, or delayed deliveries of merchandise.
For most orders, only one delivery is made to one of our four distribution centers. These flexible requirements further enable our buyers to obtain significant discounts on in-season purchases.

The majority of the apparel and apparel-related merchandise that we offer in all of our stores is acquired through opportunistic purchases created by manufacturer overruns and canceled orders both during and at the end of a season. These buys are referred to as “close-out” and “packaway” purchases. Close-outs can be shipped to stores in-season, allowing us to get
in-season goods into our stores at lower prices.

Packaway merchandise is purchased with the intent that it will be stored in our warehouses until a later date, which may even be the beginning of the same selling season in the following year. Packaway purchases are an effective method of increasing the percentage of prestige and national brands at competitive savings within our merchandise assortments. Packaway merchandise is mainly fashion basics and, therefore, not usually affected by shifts in fashion trends.

Monday, April 17, 2017

Movie Box Office

Variety is one of the preeminent movie industry trade journals. It publishes entertainment news, articles about trends in the industry and box office results.

Current box office results are here
.

More resources:


Always interesting to see what makes money (not what you think). Plus, shows you importance of international BO. PLUS, that you CAN make millions doing small movies.

This site also contains international results.
 
Here are some great stats from the National Theatre Owners' website: includes grosses and average ticket prices over time, among other things.

Tuesday, April 11, 2017

Finding International Stats In Passport

Passport database contains a lot of international financial and development statistics, but you have to know where to look.

Friday, April 7, 2017

How Do You Determine Rent?

A student wanted to know how the market sets rents.

This is a good overview, particularly chapter one (link to ebook).  It discusses all the factors you need to consider and what formulas to use.