Assignment
o Page One and Two- Executive Summary
- Describe company in the context of how they make money and how they are capitalized.
- Summarize the current balance sheet in terms of trends relative to industry sector.
• Is it under or out-performing the sector?
- Summarize the income statement in terms of trends and issues
• Is it under or out-performing the sector?
- Describe two strengths ...FINANCIAL
- Describe two weaknesses ...FINANCIAL
- STATE YOUR RECOMMENDATION "INVEST OR NOT INVEST" AND WHY...
o Page Three
- Interpret the balance sheet in the context of the overall "health" of the company.
• Is it under or out-performing the sector?
- Does it achieve the mission?
- Does it meet the needs of the company? If not...why?
o Page Four
- Interpret the income statement in the context of the overall "health" of the company.
• Is it under or out-performing this sector?
o Income trends
o OPEX trends
o Pages Five and Six
- Forecast 12 months from now (insert forecast as an exhibit on these pages).Be mindful that it should "flow" within the context of the writeup. In others words the text should NOT repeat the information within the text but explain what the exhibit means.
• Income Statement
o Sales
o Opex
• Balance Sheet
o Addendum
- Comparative Balance Sheet (% change, cash change and industry sector)
- Comparative Income Statement - * ""
- Statement of Cash Flows from period from now to forecast
• When analyzing historical to projected performance note for WBA pay particular attention that the company reports three lines of business which are as follows: Retail Pharmacy; Retail Pharmacy International and Pharmaceutical Wholesale. To this end examining the gross and costs of goods trends for each of these business segments is critical to a thoughtful analysis.
Review and include as part of your analysis recent articles on WBA's regarding the following:
1.) Merger and impact of Rite Aid 2.) Impact of alliance with Express Scripts on sales 3.) Impact on sales performance of currency fluctuations and generic drug inflation pricing 4.) impact of buying 40% stake of SinopharmGuoda in terms of international diversification.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.