please put a long introduction and long conclusion and put the answer as if youre talking "i" ex: " as a financial manager i think the solution is"

please follow the rubric

CASE ASSIGNMENT \# 2 CASE. 3e IS RN THE REXT fock. AUTOZONE, INC. Ciulates Shent method of distribsting cail flows to shareholders. The cme lints a mar ber of ahemucive uses of froticetility and Meck prict apyreciatice eve the frevions 15 , fars. le ooecert m ith that I rabaing dMajectiven - Euamine the impact stare repuncheies bave ce shares auninding camings per alune. and the houk value of nquity. - Ilintrate taa leOAC is acd affected by iepurthaies. - Fixplow the hypotheses thar shure mepechases sreat roal valoe or arve a a financial signaling wol that incrasci sture price. Questions: aith the skek price perfontane?? 2. How does a seock repurchase wod? Whe would a noeroany aue this tactict What impoot does it have on. Eil'? ROIC? 3. How much of AvioZone's stock price pericenance sheuld we a mibute so the share repurchas pregrars? 4. Asume that Auto Zate is plaming lo stop its share reparchine poogst. What wuul be the best ahemaive ase of thoee aade flows? Why? 5. What thovild Mark Johnsoe de about his holdings ot Avoiloee thanes? Case Study Rubric - Financial Policy CRITERION EXPLAINED Dakgasis 8 Explanaton of her issues - There was a weil-fosused diagnusis of key imues and problems that demosurated a pood prap of the coepany's utuation and inues. The kry itwors/problems, related apects and icepe war dearly eaplainnd - EAicetive Euecutine Sammar? Amalysas and Evaluation of isuies - Asalyais of financtal performance with relrvant atpportire details. - Syitbeic analysic and evaluabions were dearly greiented and nupportid in a literate and effective manner. Recemmendatiens os Effective Solutions or Stratedes - Specific rroemesendationt and for plans of actine previded. - Specific data or tacts were referred to when aecesiary to mipport the andbyats and conduidons - Recomimendations and condusions were presented and supported in a liter ate and effective makener. Research, Writies Mechanics, gryle and fermatting - Malis apprepriate and pewerful connectinas berwere idrnefied ianies and the concepes atudied in ether coenes; nupplemuats case atudy with relerant and the estheffl research into the prement situatich of the company and documents all gourons of information. - Key pointi were mapported with a wrol thoeght uut rationale baied on applying specific concepts or athalytical framewarki to the data previded. - Lies APA guldedines acraritely and erstitently to cite seurces In early 2012, a portfolio manager of Johnson \& Associates, Mark Johnson, was reviewing his holdings, including his position in AutoZone. A prominent shareholder, Edward Lampert, had begun liquidating his position in AutoZone, and Johnson was concerned that Lampert's reduced position could lead the company to stop using share repurchases as a method of distributing cash flows to shareholders. The case lists a number of alternative uses for the cash flows and asks students to assume Johnson's role as an analyst and assess the likely impact of those alternatives on AutoZone's stock price. AutoZone has performed well in terms of profitability and stock price appreciation over the previous 15 years. In concert with that performance, the company has also reported high return on invested capital (ROIC) results. The central question for students to resolve is whether share repurchases influenced stock price performance or if the correlation was spurious (i.e., there is an association but no causal link between stock price performance and share repurchase activity). Learning Objectives - Identify a high-performing company for which stock-price appreciation is consistent with other financial performance metrics such as EPS growth and ROIC. - Introduce share repurchases as a strategy for distributing operating cash flow. - Examine the impact share repurchases have on shares outstanding, earnings per share, and the book value of equity. - Illustrate that ROIC is not affected by repurchases. - Examine alternatives to repurchasing shares including financial uses (cash dividend and debt repayment) and operating uses (investing in organic and inorganic growth). - Explore the hypotheses that share repurchases create real value or serve as a financial signaling tool that increases share price. Questions: 1. What are the key issues for AutoZone.How has AutoZone's stock price performed over the previous five years? What other financial measures can you cite that are consistent with the stock price performance? 2. How does a stock repurchase work? Why would a company use this tactic? What impact does it have on: EPS? ROIC? 1. What are the key issues for AutoZone. How has AutoZone's stock price performed over the previous five years? What other financial measures can you cite that are consistent with the stock price performance? 2. How does a stock repurchase work? Why would a company use this tactic? What impact does it have on: EPS? ROIC? 3. How much of AutoZone's stock price performance should we attribute to the share repurchase program? 4. Assume that AutoZone is planning to stop its share repurchase program. What would be the best alternative use of those cash flows? Why? 5. What should Mark Johnson do about his holdings of AutoZone shares? Case Study Rubric - Financial Policy Student Name /Group: Diagnosis \& Explanation of key issues - There was a well-focused diagnosis of key issues and problems that demonstrated a good grasp of the company's situation and issues. The key issues/problems, related aspects and scope was dearly explained - Effective Executive Summary Analysis and Evaluation of Issues - Presents an insightful and thorough analysis of all issues/problems: includes all necessary calculations - Supports diagnosis and opinions with strong arguments and evidence; critical view; interpretation is both reasonable and objective - Analyais of financial performance with relevant apportive details. - Logically organized, key points, arguments, and criteria for evaluating business strategies were casily identified - Synthesis, analysis, and evaluations were dearly presented and supported in a literate and effective manner. Recommendations on Effective Solutions or Strategies - Specific recommendations and/or plans of action provided. - Presents detalled, realistic, and appropriate recommendations dearly supported by the information presented and concepts studied. - Specific data or facts were referred to when necessary to support the analysis and conclusions - Recommendations and conclusions were presented and supported in a literate and effective manner. Research, Writing Mechanics, Style and Formatting - Makes appropriate and powerfil connections between identified issues and the concepts studied in other courses; supplements case study with relevant and thoughtful research into the present situation of the company and documents all sources of information. - Writing demonstrates a sophisticated clarity, conciseneis, and correctness; includes thorough details and relevant data 8 informationy organized - Logically organized, key points, arkuments, and impertant criteria for evaluating the basiness logic easily identified. - Key points were supported with a well thought out rationale based en applying specific concepts or analytical frameworks to the data provided. - Formatting is appropriate, proper grammar, spelling, punctuation, 34 person objective view, professional writing and syutax. - Uses APA guidelines accurately and consistently te cite sources CASE ASSIGNMENT \# 2 CASE. 3e IS RN THE REXT fock. AUTOZONE, INC. Ciulates Shent method of distribsting cail flows to shareholders. The cme lints a mar ber of ahemucive uses of froticetility and Meck prict apyreciatice eve the frevions 15 , fars. le ooecert m ith that I rabaing dMajectiven - Euamine the impact stare repuncheies bave ce shares auninding camings per alune. and the houk value of nquity. - Ilintrate taa leOAC is acd affected by iepurthaies. - Fixplow the hypotheses thar shure mepechases sreat roal valoe or arve a a financial signaling wol that incrasci sture price. Questions: aith the skek price perfontane?? 2. How does a seock repurchase wod? Whe would a noeroany aue this tactict What impoot does it have on. Eil'? ROIC? 3. How much of AvioZone's stock price pericenance sheuld we a mibute so the share repurchas pregrars? 4. Asume that Auto Zate is plaming lo stop its share reparchine poogst. What wuul be the best ahemaive ase of thoee aade flows? Why? 5. What thovild Mark Johnsoe de about his holdings ot Avoiloee thanes? Case Study Rubric - Financial Policy CRITERION EXPLAINED Dakgasis 8 Explanaton of her issues - There was a weil-fosused diagnusis of key imues and problems that demosurated a pood prap of the coepany's utuation and inues. The kry itwors/problems, related apects and icepe war dearly eaplainnd - EAicetive Euecutine Sammar? Amalysas and Evaluation of isuies - Asalyais of financtal performance with relrvant atpportire details. - Syitbeic analysic and evaluabions were dearly greiented and nupportid in a literate and effective manner. Recemmendatiens os Effective Solutions or Stratedes - Specific rroemesendationt and for plans of actine previded. - Specific data or tacts were referred to when aecesiary to mipport the andbyats and conduidons - Recomimendations and condusions were presented and supported in a liter ate and effective makener. Research, Writies Mechanics, gryle and fermatting - Malis apprepriate and pewerful connectinas berwere idrnefied ianies and the concepes atudied in ether coenes; nupplemuats case atudy with relerant and the estheffl research into the prement situatich of the company and documents all gourons of information. - Key pointi were mapported with a wrol thoeght uut rationale baied on applying specific concepts or athalytical framewarki to the data previded. - Lies APA guldedines acraritely and erstitently to cite seurces In early 2012, a portfolio manager of Johnson \& Associates, Mark Johnson, was reviewing his holdings, including his position in AutoZone. A prominent shareholder, Edward Lampert, had begun liquidating his position in AutoZone, and Johnson was concerned that Lampert's reduced position could lead the company to stop using share repurchases as a method of distributing cash flows to shareholders. The case lists a number of alternative uses for the cash flows and asks students to assume Johnson's role as an analyst and assess the likely impact of those alternatives on AutoZone's stock price. AutoZone has performed well in terms of profitability and stock price appreciation over the previous 15 years. In concert with that performance, the company has also reported high return on invested capital (ROIC) results. The central question for students to resolve is whether share repurchases influenced stock price performance or if the correlation was spurious (i.e., there is an association but no causal link between stock price performance and share repurchase activity). Learning Objectives - Identify a high-performing company for which stock-price appreciation is consistent with other financial performance metrics such as EPS growth and ROIC. - Introduce share repurchases as a strategy for distributing operating cash flow. - Examine the impact share repurchases have on shares outstanding, earnings per share, and the book value of equity. - Illustrate that ROIC is not affected by repurchases. - Examine alternatives to repurchasing shares including financial uses (cash dividend and debt repayment) and operating uses (investing in organic and inorganic growth). - Explore the hypotheses that share repurchases create real value or serve as a financial signaling tool that increases share price. Questions: 1. What are the key issues for AutoZone.How has AutoZone's stock price performed over the previous five years? What other financial measures can you cite that are consistent with the stock price performance? 2. How does a stock repurchase work? Why would a company use this tactic? What impact does it have on: EPS? ROIC? 1. What are the key issues for AutoZone. How has AutoZone's stock price performed over the previous five years? What other financial measures can you cite that are consistent with the stock price performance? 2. How does a stock repurchase work? Why would a company use this tactic? What impact does it have on: EPS? ROIC? 3. How much of AutoZone's stock price performance should we attribute to the share repurchase program? 4. Assume that AutoZone is planning to stop its share repurchase program. What would be the best alternative use of those cash flows? Why? 5. What should Mark Johnson do about his holdings of AutoZone shares? Case Study Rubric - Financial Policy Student Name /Group: Diagnosis \& Explanation of key issues - There was a well-focused diagnosis of key issues and problems that demonstrated a good grasp of the company's situation and issues. The key issues/problems, related aspects and scope was dearly explained - Effective Executive Summary Analysis and Evaluation of Issues - Presents an insightful and thorough analysis of all issues/problems: includes all necessary calculations - Supports diagnosis and opinions with strong arguments and evidence; critical view; interpretation is both reasonable and objective - Analyais of financial performance with relevant apportive details. - Logically organized, key points, arguments, and criteria for evaluating business strategies were casily identified - Synthesis, analysis, and evaluations were dearly presented and supported in a literate and effective manner. Recommendations on Effective Solutions or Strategies - Specific recommendations and/or plans of action provided. - Presents detalled, realistic, and appropriate recommendations dearly supported by the information presented and concepts studied. - Specific data or facts were referred to when necessary to support the analysis and conclusions - Recommendations and conclusions were presented and supported in a literate and effective manner. Research, Writing Mechanics, Style and Formatting - Makes appropriate and powerfil connections between identified issues and the concepts studied in other courses; supplements case study with relevant and thoughtful research into the present situation of the company and documents all sources of information. - Writing demonstrates a sophisticated clarity, conciseneis, and correctness; includes thorough details and relevant data 8 informationy organized - Logically organized, key points, arkuments, and impertant criteria for evaluating the basiness logic easily identified. - Key points were supported with a well thought out rationale based en applying specific concepts or analytical frameworks to the data provided. - Formatting is appropriate, proper grammar, spelling, punctuation, 34 person objective view, professional writing and syutax. - Uses APA guidelines accurately and consistently te cite sources