Analyst Report

Business 101 4 November 2011 Analyst constitution Part 1 Executive Summary VF tummyoration is a multi million-dollar manufacture that produces and distri onlyes clips from various fall guy names. Throughout the past two years VF corp has performed very well as concluded on its annual report. By looking at the annual report for 2010 it is very clear that VF bay window has performed very well over the past year. The pith receiptss for 2010 were $482,303 more than than the total revenues for 2009. The long-term debt for the company reduces by $2,612 from 2009.With the various brand names that VF corp has, it is clear that the total revenue go out always increase as the demand for those brands increases, which they ware been increasing. To add to their brand base VF corporation plainly recently bought the company timber so that too will jock increase their earnings. By buy another touristed name brand VF corp will have a number of appealing brands that the familiar i s always interested in purchasing. This helps VF Corp in the future because the more brands they barter for, the larger their consumer population will become.By doing so they are likewise bring out one of their major goals addressed in their mission statement, which states Our goal is to interminably exceed the expectations of our consumers, customers, characterholders and business organisation partners. Part 2 Company Profile sum symbol VFC Mission Statement as it is printed in the Annual melodic theme We will grow by building leading modus vivendi brands that shoot down consumers around the world. Ours is a perpetually driven culture, focused on constant quantity innovation. Using deep research and insights, we combine the art and science of apparel to create products that excite consumers and brands that inspire loyalty.We responsibly manage the industrys most cost-efficient and complex supply chain, which spans multiple geographies, product categories and distributi on channels. Our goal is to interminably exceed the expectations of our consumers, customers, shareholders and business partners. We help our retail partners win with consistently substantiality execution and outstanding service. And we continually find ways to improve our consummation and generate bottom line results. Corporate headquarters location one hundred five Corporate Center Blvd. Greensboro, NC 27408 Name of CEO Eric C.Wiseman Name of CFO Robert K. Shearer roue classifications (common, preferred, both) Common Exchange (NYSE, Nasdaq) New York Stock Exchange (NYSE) Part 3 Projections Based on the graph of the stock performance I frame that the stock prices will steadily increase in the years to come. During the 2009 street corner the stock levels for VF Corp went down but bounced right back up towards the 70s closer to 2010. Since then the stock levels slowly increase each month and now are at a solid positively charged increase and I believe that it will lead to increase.Also VF Corp is associated with various clothing and apparel companies and regardless of how serious the economy major power decline, people will still go out and buy clothes. VF Corp is also associated with a number of big name brands such as The North Face, Lee, Vans, Timberland, Nautica, Wrangler, Majestic, Jansport, and many other brands. These different brands are very common these days and their gross sales are always going up so the overall stocks for VF Corp will continue in a positive slope. pic Part 4 Current Events The first article discusses how VF Corp is purchasing VF Arvind Brands Private Limited.This company is responsible for commercialiseing VF Corps brands throughout India. This is helpful for VF Corp because it can market its own brands and spread throughout Asia as well. This would allow VF Corp to not only have the final say on how exactly it markets its products but to also necessitate the locations that they want the products to be marketed at. Overall this purchase will greatly moderate in VF Corp right now and in the future as well. The sulfur article discusses how VF Corp is set to buy the brand Timberland. By doing so not only is VF Corp helping increase its usefulnesss but Timberlands as well.Timberland is a famous company that mainly sells boots. This would greatly increase VF Corps variety in price of out-of-door wear. By purchasing Timberland VF Corp will also be able to expand oversees as the article stated. Since most of the sales from Timberland occur in China, this would help VF Corp market not only Timberland but many of their other name brands. This purchase will definitely have some very positive results in the future and if more purchases like this are made then VF Corp will increase its earning greatly. Part 5 RecommendationsBased on the study that Ive gathered about this corporation I untroubledly raise that investors should move fast and buy stocks from this company. Using the current rati o I can see that the companys liquidity levels will be increasing in the years to come and since the economy is slowly convalescent it is clear that VF Corp is going to do well in term of stock sales. The difference between the current ratio of 2010 and 2009 is 0. 14. though this cleverness not seem like a large enough of a number to make a huge difference, in reality it does. The profit margin between the two years has also increased by 1. %. All of this information tells me that VF Corp is a company that you should invest in because the company is only going on a positive direction. obligate 1 VF Corporation To Acquire Joint Venture in India publish November 2, 2011 GREENSBORO, N. C. , & BANGALORE, India(BUSINESS WIRE)Nov. 2, 2011 VF Corporation (NYSE VFC), a global leader in branded lifestyle apparel, today announced that its subsidiary, VF Mauritius, has acquired full ownership of VF Arvind Brands Private Limited, a majority-owned go venture between VF Mauritius and Arvind Limited formed in 2006 to market VF brands in India. Our business in India is strong, and now is the time to assume full ownership, tell Eric C. Wiseman, Chairman, President and CEO of VF Corporation. Anchored by our Lee and Wrangler brands, the Indian market will provide a robust curriculum for future harvest-home in the Asia-Pacific region. Aidan OMeara, President, VF Asia, noted VF is grateful for the contribution Arvind made to the study of a fast-growing and profitable business for our brands in India. VF and Arvind will continue to have a strong workplaceing relationship, now and in the future. OMeara added that he does not expect any impact to jobs or changes in the day-to-day operations of the business in India. The new name of the all owned business in India has not yet been announced. Article 2 VF Corporation to Buy Timberland BY MICHAEL J. DE LA MERCED The VF Corporation concord on Monday to buy the Timberland Company, the boot maker, for about $2 one million mil lion in cash, paying a big premium in an movement to bolster its outdoor clothing offerings. VF, which already owns lines like Wrangler and 7 for All Mankind, will add Timberland to a stable of outdoor brands like the North Face and Eastpak.Eric C. Wiseman, VFs chairman and chief executive, exposit the Timberland partake on Monday as a transformative acquisition that will add footwear to his companys fastest-growing unit. The outdoor and action sports business reported a 14 per centum gain in revenue last year, to $3. 2 billion. We are confident in our ability to take big brands and make them bigger, he give tongue to during an investor conference call. Still, VF is paying up Under the terms of the deal, it will pay $43 a share, a more than 40 percent premium to Timberlands Friday apogee price.Founded in Abington, Mass. , in 1952 by the Swartz family, Timberland became synonymous with American work garments and outdoor clothing, particularly with its hard-wearing boots. But th e company has faced rising materials costs, with its operate margins falling to just 9 percent last year. It reported a 30 percent drop in first-quarter profits this year. VF executives appeared confident that it could warp profits by improving Timberlands business performance, earlier by folding it into the apparel giants global platform and cutting costs.On an investor call with analysts, VFs chief financial officer, Bob Shearer, said his company planned to raise its new acquisitions in operation(p) margin to 15 percent, in line with the rest of the conglomerates brands. In Timberland, VF also sees an opportunity to expand its presence overseas. Though Timberlands popularity in the United States surged years ago, the brand remains popular in high-growth markets like China. The company also has a foothold in Japan, where VF is still building out its presence. VF executives expect to reap benefits from the Timberland deal soon after its closing, which is expect in the third quar ter this year.Timberland is expected to begin adding to VFs earnings by 45 cents a share this year and 90 cents next year, excluding acquisition costs. VF plans to keep Timberland ground in Stratham, N. H. Members of the Swartz family have agreed to support the deal. The Timberland sale appeared to stoke hopes that other outdoor apparel makers could soon go on the freeze down as well. Among the big gainers was Wolverine World Wide, another maker of impoverished work boots, whose shares jumped about 5. 1 percent to $39. 08. Columbia Sportswear, another purveyor of activewear, roseate 1. 7 percent to $59. 43.Shares of VF also rose, gaining 10 percent on Monday to $101. 01. Usually, an merchant banks shares fall after a deal is announced, as shareholders misgiving about the transaction being overpriced. Shares in Timberland soared 44 percent to $43. 20. Analysts praised the deal, citing VFs history of integrating brands into its business platform. We regard Timberland as a high-qu ality brand that has been operationally challenged for a number of years, analysts at Sterne Agee wrote in a research note on Monday. We believe that VF has exhibited a strong track record and the capabilities to rectify many of the historical problems.