Essay about Allen Lane - 1045 Words

Opportunity Evaluation Allen Lane’s decision to acquire Plas-Tek Industries (PTI) is intriguing since the business appears to be a good match with Lane’s work experience and interest. As a manufacturer, PTI has been able to create large margins and high cash flow under Harry Elson’s leadership. However, significant risks are prevalent in acquiring PTI. First, more one-third of PTI’s sales originated from five companies and it is uncertain that without Harry Elson’s personal efforts if their patronage will continue. Secondly, the bank valuation of PTI ($600K) appears inflated as the bank’s valuation is notably more than PTI’s book value ($292K), calculated with an inflated price/earnings multiple for a company with no proprietary†¦show more content†¦Management PTI had been entirely dependent on Harry Elson to manage all strategic, financial, operational and marketing decisions. However, Lane’s Lane experience in managing finances, managing operations, leading teams and making strategic decisions in the manufacturing industry are the necessary hands-on skills to lead PTI after Elson’s death. However, it is questionable if Lane has either the necessary motivation or support team to operate PTI. Having Dan Ray as a partner may be helpful due to Ray’s operations experience, but it is unclear how motivated Ray is in operating PTI. Lane will also need to rebuild existing customer relationships lost due to Elson’s death as well as build new relationships with new customers, which will take significant time and resources to accomplish. However, since this a nonunion company, Lane has the flexibility to make the necessary adjustments in personnel to fulfill the necessary strategic business needs as they occur. Risks Two main risks need to be considered with this acquisition. The first risk is the contingent liabilities arising from Elson’s compensation and accumulated earnings from PTI’s interest-earning assets. Lane should provide the bank information on the accountant’s opinion on these contingent liabilities as rationale the bank’s valuation needs to discount them from their asking price. The second risk is theShow MoreRelatedRoad Construction Accidents Causes Accidents1160 Words   |  5 Pagesthe leading vehicle, failing to slow down, and incorrect lane changes First, one way road construction causes accidents by failure to slow down when entering work zones. Work zones on the road put construction workers and drivers at risk. Neighborhood repaving, bridge repairs, and road repairs have the number of accidents on the rise. Motorist have to maneuver around construction workers, barrels, signs, and deal with lane changes. Keeping all these factors in mind, many drivers areRead MoreThe Beat Generation By Allen Ginsberg1124 Words   |  5 Pagesof others through their own thoughts and views. The most influential figures during the Beat Generation where Allen Ginsberg, Gary Snyder, Jack Kerouac, and William Burroughs. And although their bold, expressive poetry led to great fame, this generation of poets gained a new fan base of critics who thought their work was just a way to seek attention and was not seen as serious art. Allen Ginsberg, born 1926 in Newark, New Jersey, unknowingly found himself creating a new generation of people whenRead MoreThe Beltway Was A Series Of Random Murders That Had Occurred Around The Hearts Of Thousands3437 Words   |  14 PagesDepartment and was led by Chief Charles Moose with additional help from other government services such as the FBI. The identities of these two men were discovered due to clues that were purposely left behind by the perpetrators. Their names were John Allen Muhammad and Lee Boyd Malvo. During this time in history, these two names were known to strike fear in people’s hearts and make people think twice about going outside and continuing their regular day-to-day activities. In the end, both of Malvo andRead MoreEssay on Allen Case1085 Words   |  5 Pages1: Opportunity Evaluation: a: How good is it? While not been in the distribution area, Plas-Tek has characteristics that fit Allen Lane skills and objectives. Plas- Tek has gross margins in excess of 40% for a nonproprietary product. It was giving half a million a year, from a Business with a million dollars in sales. It is a gold mine. b: What is the potential (market size, growth rate, potential: company’s competitive advantage? Market Size: Plas-Tek has over 26 year in the Business. LetsRead MoreWomen During The Vietnam War1294 Words   |  6 Pagesnurses, intelligent officers, and some even had the rank of lieutenants. Whether the women had equal rank or higher; all men respected them. Even women who were not on frontline died while overseas in Vietnam. (First Lieutenant Sharon Ann Lane) Training for 2LT Lane began on 5 May 1968 at Fort Sam Houston, Texas. She graduated on 14 June 1968, and just three days later reported for duty at the Army’s Fitzsimons General Hospital in Denver, Colorado. Her first assignment was with three tuberculosisRead MoreThe Emergence of Appalachian Stereotypes in 19th Century Literature and Illustration1884 Words   |  8 PagesWhen James Lane Allen, who was a teacher in Lexington KY for twelve years, decided to change careers in 1885, traveled to New York to become a writer, while there he was told to â€Å"find a definite field and explore it for literacy materials.† (McNeal, 59) Deciding to return to Kentucky, Allen began publishing his works in magazines in 1886, his work primarily focusing on Kentucky as two distinct regions, the civilized Bluegrass Region and the rough Cumberland Mountains. In James Lane Allen’s ThroughRead MoreWhy School Should Be Searched1047 Words   |  5 Pagessustained a superficial wound. Student witnesses identified the shooter as Thomas T. J. Lane III, a 17-year-old juvenile. Thomas T. J. Lane III used a .22 caliber handgun. At an initial court hearing, the prosecutor revealed that he admitted to shooting 10 rounds of ammunition from the gun during the shooting, which began in the school cafeteria at approximately 7:30 a.m., shortly after school began. Although Lane told police that he did not know the victims and that they were chosen randomly, witnessesRead MoreThe Agreement Between Allen And Barry1352 Words   |  6 Pagesname of your lecturer; Ms Patricia Lane (c) Your name and/or student number; Mohamad Kammoun (d) The total number of words used: 1325 words (e) Contact telephone number; 0403053619 The agreement between Allen and Barry. After Barry rejected the exercise of the option, their agreement could arguably now be classed as an agreement to agree about the acceptance of a third party if it met the conditions laid by Barry. The agreement between Allen and Cate. To determine the bindingRead MoreThe On The New York Times983 Words   |  4 PagesS. U.S. T.J. Lane, Killer in School Shooting, Is Caught After Prison Escape in Ohio By ASHLEY SOUTHALLSEPT. 11, 2014 Continue reading the main storyShare This Page Share Tweet Email More Save A 19-year-old Ohio man serving life in prison for killing three students in a high school cafeteria in 2012 briefly escaped from prison on Thursday, the authorities said. The man, T. J. Lane, who was serving three life sentences for the murders, escaped with two other inmates from the Allen Oakwood CorrectionalRead MoreStrategic Planning : Study And Planning : Strategic Planning1297 Words   |  6 PagesBaird recently completed an intensive twelve-week construction management program through the Office of Professional Development at North Carolina State University. â€Æ' STRATEGIC PRIORITIES/KEY WORK ITEM UPDATES Church Street Park Staff Lead: Jerry Allen/Mike Wright Staff has met with the lighting manufacturer and electrical contractor to review specifications for the installation of the lighting system. Engineered drawings are being finalized for submittal with the contract documents. Staff also met