Corporate Finance 10

Corporate Finance 10 - 8% Mortgage 240000 Common Shares...

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BHC Wednesday- Morgan Stanley Presentation room 3250 drop champion case 8a-9a Monday- Ramsync Wednesday, November 03, 2010 8:04 AM Issue: capital 2.275mil Options: Mortgage, common stock shares, mix of common and preferred Worries: Control, bankruptcy/risk, return, future flexibility Occupancy EBIT 100% 75% 50% Revenue Rooms 2956500 Leases 180000 Total Revenue 3136500 2352375 1560250 Fixed Expenses 1403000 1403000 1403000 Variable Expenses (~14.5% Rev) 454000 ~340500 ~227000 Total Expenses 1857000 1743500 1630000 EBIT 1270500 608875 (61700) Focus on middle case of 75%
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Unformatted text preview: 8% Mortgage 240000 Common Shares 72,000 Preferred 608875 608875 608875 (110000) (110000) (110000) (182000)--316875 498875 498875 190129 299325 299325 (144000) 190125 299325 155325 1125000 352300 172500 100000 100000 100000 88.9% 28% 58% 1125000 3525000 1725000 1.69 0.85 0.90 17% 8% 9% 2.08 5.5 5.5 EBIT Less Less Mort INT EBT Less Tax EAT Less Preferred dividend Common Available #Common # Daniels Common Daniels ownership % Total Equity@$10/share EPS ROI EBIT/INT...
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This note was uploaded on 05/23/2011 for the course BUSI 408 taught by Professor Croce during the Fall '08 term at UNC.

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Corporate Finance 10 - 8% Mortgage 240000 Common Shares...

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