The Baldwin Piano Master Case illustrates the fortunes of a company that has fallen on difficult and has just renewed it revolving line of credit with a lender. The case follows the informal discussion and outline of a credit memo but stops short of loan
On the 300th anniversary of the modern Piano, Baldwin Piano is struggling to survive. It is the perfect Turnaround case. When we first looked at Baldwin’s numbers and its historical performance, we saw a dying industry, a shrinking market, cheaper imports, bad investment bets, distracted
While the Credit Analysis course started the discussion on financial and operating leverage and the thinking behind the borrowing decision, the Credit Process course focuses on the lending side of the equation. Master Class: Credit Process: Mindset Master Class: Credit Process: Understanding the language –
In this session we will work with the Cash Flow Statement of Office Depot and see what the numbers tell us. Office Depot is a retailer of office supplies in the US market. Remember that the statement shows what the firm’s beginning and ending cash
Credit Decision Factors. Industry analysis Industry analysis is more subjective than quantitative in nature. Two analysts can agree on the broader outlook for the same industry, but still differ on the impact of that outlook on a specific business. We will settle for the fact