Hydrogen is believed to be one of the most interesting energy carrier to decarbonise transport and fight global warming. Promoting hydrogen and fuel cell solutions require a mix of technological innovation, prospective investing and new regulatory frameworks. Denmark has particularly ambitious targets for reducing CO2 and hence could become a lead market for hydrogen solutions. The thesis will benchmark different hydrogen production technologies and create scenarios on the future of the hydrogen economy in Denmark.
Management is nonetheless aggressively pursuing unrealistic growth targets even as competitors flood the discount retail market and threaten its improbable margins. We believe that DOL will continue to miss lofty investor expectations, and that its premium valuation will continue to be pressured. Dollarama sells a variety of low-priced products, mostly sourced directly from China.
Faced with years of negative average traffic growth and an increasingly saturated market, Dollarama is driving comparable store sales growth by selling higher-priced items.
BIG undertook a similar strategy in the s, but reversed course after admitting its failure. Dollarama cited a store target at the time of its IPO inwhen it had just stores. Management has since revised this number upwards multiple times: Our analysis shows that this target is unrealistic, and that the market is already bordering on oversaturation.
The Rossy family launched Dollarama from its legacy retail chain in and owns significant real estate assets that are employed by the enterprise.
We question whether a thorough and arms-length search was conducted to fill this position. As part of a deal struck inDollarama supplies goods at an undisclosed profit margin to Central American discount retailer Dollar City in exchange for an option to acquire the chain in We are concerned that Dollar City could be overpaying its vendors to lessen the financial burden on Dollarama.
The current CFO owns no shares and regularly liquidates options. Dollarama claims to hedge currencies only to lock in consistent prices in CAD on which its customers can rely. However, in practice, the Company adjusts prices to match non-hedged competitors, leaving us to wonder why it hedges at all.
Much of the recent hedge benefit appears to have reversed, but gross margins ex-hedges conveniently rose by just enough over the last two years to maintain steady profitability.
While accounting rules may give sufficient leeway to permit this difference, we question why lease term assumptions should differ for these two capital accounts. Earnings quality suffers notwithstanding. We also worry about the state of the balance sheet should the economic environment turn, or should the business decline more rapidly.
Such lofty multiples are inappropriate for a dollar store with serious near-to-medium-term business risks.Automobile electrification is a secular trend that investors should keep an eye on. The varying economics of the EV supply chain segments point to the raw material supply and battery recycling.
The degree of Doctor of Philosophy (Ph.D.) is awarded to a candidate who as per these regulations, has submitted a thesis on the basis of original and independent research in any particular discipline or involving more than one discipline (inter-disciplinary), that makes a contribution to the advancement of knowledge, which is approved by the .
Marquette University's renowned faculty-scholars work to advance their fields and improve the world around us. Faculty edit a number of scholarly journals and frequently collaborate with academic partners around the world. 1. Introduction. Production and inventory planning, scheduling, logistics, marketing and finance in supply chain companies all rely on short .
II Acknowledgement This thesis has been conducted during Spring , by two students from the Master Programs ‘Supply Chain Management’ and ‘Quality and Operations Management’.
Mar 13, · A researcher must know two important things before the selection of research/thesis topic. The researcher must know the sources of data collection and the type of statistical technique used in the analysis.