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Prize winner
Case
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Reference no. UVA-F-1353
Subject category: Finance, Accounting and Control
Authors: Bob Bruner (Darden School of Business, University of Virginia); Jessica Chan (Darden School of Business, University of Virginia); Sean Carr (Darden School of Business, University of Virginia)
Published by: Darden Business Publishing
Originally published in: 2001
Version: 8 March 2018
Revision date: 26-Mar-2018
Length: 8 pages
Data source: Published sources
Topics: Cost of capital; Investment analysis; Valuation
Share a link: https://casecent.re/p/1658
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Abstract

On July 5, 2001, Kimi Ford, a portfolio manager at NorthPoint Group, a mutual-fund management firm, pored over analyst write-ups of Nike, Inc., the athletic-shoe manufacturer. Nike's share price had declined significantly from the beginning of the year. Ford was considering buying some shares for the fund she managed, the NorthPoint Large-Cap Fund, which was invested mostly in Fortune 500 companies, with an emphasis on value investing. Ford had read all the analyst reports that she could find about the June 28 meeting, but the reports gave her no clear guidance. She decided instead to develop her own discounted cash flow forecast to come to a clearer conclusion.

Time period

The events covered by this case took place in 2001.

Geographical setting

Region:
Americas
Country:
United States

Featured company

Nike
Industry:
Investment management

Featured protagonist

  • Kimi Ford (female), Portfolio Manager for NorthPoint Group
Teaching note
-
Reference no. UVA-F-1353TN
Subject category: Finance, Accounting and Control
Authors: Bob Bruner (Darden School of Business, University of Virginia); Joyce Chan (City University of Hong Kong); Sean Carr (Darden School of Business, University of Virginia)
Published by: Darden Business Publishing
Originally published in: 2001
Version: 8 March 2018
Revision date: 26-Mar-2018
Length: 5 pages
Data source: Published sources
View full details

About

Abstract

On July 5, 2001, Kimi Ford, a portfolio manager at NorthPoint Group, a mutual-fund management firm, pored over analyst write-ups of Nike, Inc., the athletic-shoe manufacturer. Nike's share price had declined significantly from the beginning of the year. Ford was considering buying some shares for the fund she managed, the NorthPoint Large-Cap Fund, which was invested mostly in Fortune 500 companies, with an emphasis on value investing. Ford had read all the analyst reports that she could find about the June 28 meeting, but the reports gave her no clear guidance. She decided instead to develop her own discounted cash flow forecast to come to a clearer conclusion.

Settings

Time period

The events covered by this case took place in 2001.

Geographical setting

Region:
Americas
Country:
United States

Featured company

Nike
Industry:
Investment management

Featured protagonist

  • Kimi Ford (female), Portfolio Manager for NorthPoint Group

Related

Teaching note
-
Reference no. UVA-F-1353TN
Subject category: Finance, Accounting and Control
Authors: Bob Bruner (Darden School of Business, University of Virginia); Joyce Chan (City University of Hong Kong); Sean Carr (Darden School of Business, University of Virginia)
Published by: Darden Business Publishing
Originally published in: 2001
Version: 8 March 2018
Revision date: 26-Mar-2018
Length: 5 pages
Data source: Published sources
View full details
Awards, prizes & competitions
The Case Centre classic case - Finance, Accounting and Control