Relative value securities Essay Example | Topics and Well Written Essays - 500 words

Relative value securities - Essay Example Total operating expenses remain the same, yet total revenues have decreased by a small margin. Another factor to mention is the operating income, which has experienced the same kind of trends. An additional worrying sign is that the fund underperformed the S&P 500 by 2% during the first quarter of 1991. This is in stark contrast to the exemplary performance over the preceding five years. Jupiter Venture was only one of two mutual funds that had outperformed the S&P 500 year on year since 1985. The opportunity to take the Sensormatic offer is an attractive one, but there is no guarantee that Sensormatic would continue to grow at its current pace. Sensormatic is looking to move away from the soft-goods market and turn to hard-goods protection. However, the gross margin of hard-goods EAS systems is only around 30%, which is half of the figure for soft goods. The hard goods market is extremely competitive, and there is no guarantee that Sensormatic would come out on top. Win Smith should close Jupiter Venture and get out while he still can. Although the short-term prospects do not look good for Jupiter Venture, there is no reason to suggest that the company’s long-term viability is under threat. While the income statement and comparative financial data show that the company is stagnating, so are many of its nearest competitors. The boom of the mid to late 1980s is over, and Jupiter Venture needs to reinvent itself to prepare to expand going into the 1990s and beyond. The company’s balance sheet shows an encouraging sign—total liabilities only make up about 15% of the company’s total assets (total liabilities of $12.2 million compared to total assets of $83 million). Jupiter Venture’s total long-term debt is only around half of this figure. This figures show that while the company may take a hit in the short-term, the foundations of the company are strong because it does not rely on debt to finance its operations. Looking at the comparative

Health and safety management Essay Example | Topics and Well Written Essays - 3000 words

Health and safety management - Essay Example The employer is in charge of planning, monitoring, implementing programs and systems needed to ensure OHS on its grounds. Joy suggests (2004) that occupational health and safety risks arise from the normal functions, operations and activities and during unexpected incidents and circumstances such as accidents. The employer is in charge of ensuring the correct national and international recognized OHS codes, standards and guidelines are maintained to the fullest. The full effectiveness of OHS systems attracts the inclusion, and significance participation of every employee in implementing and maintaining of procedures and processes. There are a quiet a number of companies that have already implemented the rules that governs the safety of each employee on the ground. An example of such company is Barrick, a mining company. This is a high risk job that requires full safety gears when doing it through out the day at all time. The company reputes itself of being the best in mining industry and the one that protects its employee the best and safest way possible. It is committed to perform each job in a safe and healthy manner, and are strict about work related injuries or illnesses. The rule is that everyone is in charge of their own safety at work. It ensures this by: Governance. It provides Health functions, protection and governance as part of an incorporated framework that includes; environment, community relations and security. It has established a committee which includes representatives from different handy groups. It manages programs and monitors performance, and elevates issues to the next level as required. The board committee provides oversight that focuses on vital trends and issues that improves the company performance. The corporate responsibility committee ensures integration and global alignment, assesses main sustainability risks and offers leadership on policy and tactical issues. On the other hand, the regional committee conducts incidents reviews, implements programs, develops yearly improvements plans and implements activities to meet corporate strategies. As joy described (2004) the site committee is responsible in managing stewardship of programs and sites, manages site – specific issues and raises issues that require regional and corporate attention. Barrick applies a few elements that ensure a smooth running of safety and health management system. 1. Leadership and personal experience Leaders must live and lead by example, acting as role models to junior workers and other staff members. Barrick recognizes only its leaders must take action in promoting and creating a safe work place. This is achieved through evident felt leadership. Safety and health accountability includes; training and appraisal of workers, management and supervisors. Leadership and personal experience is practiced through: Management and leader participation Executive member plays a role in issuing and promoting communications that relates to sa fety and health to each worker. They also carry out safety and health tours of their places of liability and implement a program that recognizes each individual safety performance and safety leadership. The Barrick leaders also hold discussions about safety and health as a way of being role model and providing mentorship through personal behavior. Site, general and project managers openly practices safety and health headship for themselves and their supervisors by enacting personal observance with all safety and health related values.