Deltic Timber Corporation Credit Analysis Research Paper

Deltic Timber Corporation Credit Analysis - Research Paper Example In line with this, it is recommended for the company to take up proactive strategic management options that will push its fortunes higher, especially when it comes to dealings with competitors. Currently, the company finds itself in a business environment where talks of monopoly are far from the argument. Due to this, the greatest hindrance faced by the company has been found to be that of the creation of a competitive advantage. Using a strategic management option that will make the company the focus of customers is thus the saving path for the company in years to come. Indicative with the ratios of the company given in the paper, it would be realised that the company continue to have high debt financing, which creates a decline for profit utilisation. This means that even though revenues are high, these are hardly translated into profits because of higher debts and other expenses. 1.0 Organizational Overview Listed on the New York Stock Excahnge, Deltic Timber Corporation engages i n forestry industry where its major activities include the ownership and management of timberland. The specialisation that the company gives to this venture has resulted in the useful management of 445,800 acres of timberland over the past years. As a means of gaining diversification in its core business operation, which is the ownership and management of timberland, the company also owns two sawmills and is actively involved in real estate1. This said diversification has been the main source of financial capitalisation for the company because it has always been offered the opportunity of internally funding the running of its parent operations using revenues from diversified business. Currently, the company is headquartered in El Dorado, Arkansas. The market segment of the company has largely been focused on Arkansas and north Louisiana with very limited external and international markets. This situation comes with its own advantages and disadvantages for the company but the company has largely tried to live within its means of operations. This report is thus focused on critiquing the current credit situation of the company and offer recommendations. 2.0 Corporate Segment Deltic Timber Corporation’s corporate segment is reflected in its total asset as represented in the graph below. Generally, there are four segments that the company emphasises on. These are manufacturing segment, which takes 9% of total asset, corporate business, which is responsible for 7% of total asset, real estate, which accounts for 17% of the total asset, and woodlands, which take the highest portion of 68% of total revenue2. It is important to establish that the percentage gain of total assets as given above is not a direct reflection of the percentage of focus or corporate segment that the company gives to the various segment. Rather, the figures given above are a result of the contributions of gains that the various segments make to the company’s total asset. For instan ce in the 2012 Annual Report of the company, it was established that even though manufacturing is responsible for 9% of total assets, the company actually gives higher corporate segmentation focus to that segment than it gives to real estate, which earns the company 17% of its total assets. 3.0 SWOT Analysis 3.1 Strengths The company has an effective internally generated funding policy that is motivated by the fact that there are diversifying businesses that are managed under the franchise of Deltic Timber Corporation. The company has kept a very steady rise in revenues and operating incomes, making it have a very strong competitive engagement with its key competitions. 3.2 Weaknesses The company lacks

Of the Natural Condition of Mankind Essay Example | Topics and Well Written Essays - 1250 words

Of the Natural Condition of Mankind - Essay Example This is why Hobbes suggests that we lock our doors and that even though there be enforcement of laws we still take precautions. I implore you, gentleman and the like unlock your doors and let civility in.[ Can we know our minds This thing that exists beyond time or space. And does this knowledge free us. And yes we are made accountable to all things that ensue from our innate needs and wants as well as our positive goals dreams or thoughts. And then the question is, "Are the only worthwhile dreams, goals, desires and thoughts the only ones no one else wants" Are we that self-regarding According to ideas of political thought even our so called selfless acts are based on the desire to be seen in a better light. Therefore what we do for others still benefits us. This constant state of war is not necessarily mental but may be derived our of a more basic and life preserving need for us as humans to be in a state of homeostasis. "A dream deferred makes the heart sick." Though a higher power may be established no such agreement for a standard of living may be made unless a person, of their own free will agree to submit to that higher power. And if such higher power may be submitted to namely God. The glue that holds it all together is love. For where there is no law according to Hobbes there can be real free will. Love. Against such there is no law[Holy Bible]. It may be pertinent therefore to establish those that love first obeying the one command that overrules all else. Then there can be real freedom. Imagine a man that were in the world alone. Everyone else is asleep. According to Holy Scriptures it states do not awaken love before it so desires. Yet love does arouse one to a deeper consciousness. You become aware that there is more than just you, your needs, your desires and your wants. A child can not yet understand this. That is, if we agree with Piaget's level of development. Whoever gets to it first. It goes beyond the strongest. It goes beyond will. It comes with intelligence. It is bred within the genes. Thus, this may be why marriages are one way to form alliances, treaties or pacts. The passions that incline men to peace again is not fear of death but love. Ignorance vs. denial. Is ignorance really bliss If therefore, a love such as Christ can compel us it motivates us. It drives us. The whip is good for one thing- training and conditioning but left to one's own devices it is good for not much else. Because the perfect standard is not worldly or based on human ability the perfection still stands. This perfection can never be tainted because it is our of our reach. All fall short of the glory of God. A law that forbids one until they have knowledge of such law is a flawed argument. It is like the tree of good and evil. Once Adam and Eve ate of the tree their eyes were open. Is it ignorance or is it marriage that is bliss Neither! Love is blissful. Though a slave has no rights or personal properties they do have the ability, the power, the capacity and freedom to love. Against such there is no law. St. Thomas Aquinas supports this argument by stating that one need not be smart to understand God- Who is love. Contrary to Hobbes statement that out of fear, or fear of punishment but it is out of deep regard for the safety and protection of another. Again love protects. Fear is