Harris seafood essay

He worked his way up from dishwasher to server before heading to college at Florida State University where he majored in Business. After talking to some of his fisherman buddies he realized that since he had room in his pickup truck for more than just stone crab, he should look into selling fresh fish as well. The competition in Orlando was somewhat stagnant at the time and prices were much higher than they should be.

Harris seafood essay

We would like to take this opportunity to discuss our team valuation of accepting Processing Plant Project. We value that Harris Seafoods has evolved into one of the largest producers of frozen shrimp in the United States.

Tell us what you need to have done now! Our analysis of the Processing Plant Project will help you make a well informed decision and additionally, it will provide an action-oriented recommendation. We will first identify key issues and risk involved followed by financial support of the project.

Key Issues and Risk: The processing Plant proposal would allow Harris Seafoods to seize the opportunity to expand into shrimp production and sales while utilizing its resources effectively. The expansion in shrimp processing facility would permit the company to grow in terms of return on investment.

However, we would like to highlight various risk exposed to Harris Seafoods Inc by accepting the project.

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Issues in Shrimp Industry: The Shrimp Industry appears to be uncertain in terms of shrimp supply. The shrimp beds in the waters off Texas and Mexico were over fished, resulting in it becoming increasingly difficult to find shrimp as stated on page two.

It exposes Harris Seafoods to the risk of shortage in shrimp supply. The price risk is vital to consider.

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The demand for shrimp is affected by the cyclical swings due to changes in the economy which also impact prices. As a result, the changes in supply leads to an increase in shrimp imports into the US since foreign competitors tend to have lower costs than fisherman within the US.

Another major issue is the unpredictable shrimp supply. The supply of shrimps is risky due to the danger of being destroyed from oils spills from offshore drilling activity. Harris Seafoods also faces an existing threat with territorial limitations since most countries of the world have established mile boundaries, as a result it limits the number of overseas boats allowed to fish in boundaries areas.

One more issue and risk to consider is fluctuating and irrepressible cost of fuel expense for operating of boats and equipments. The Processing Plant Project: Using the long-term government bond as a bench mark, we concluded that risk free rate, an acceptable required rate of return, to be above Please be advised that 1.

We recommend based on economical analysis determines that accepting processing plant project is not viable to meet the minimum required rate of return set by the Harris Seafood Inc.

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The Free Cash Flow provides a possible scenario of receiving certain principle and interest payments that Harris may receive. Please keep in mind that a negative NPV does not ultimately define poor investment, but rather, from an economic perspective a negative NPV signifies the investment will not return the expected required rate of return or neither will it compensate for opportunity cost missed as an investment elsewhere.

We also suggest Harris Seafoods to consider industry supply and demand risk, oil price risk, cycle risk, import and export risk, weather risk, and operating oil-spill risk and storage cost risk.

Harris Seafoods has been successful, profitable, and maintained a high required rate of return. Although, we recognize by diversifying business risk by investing in processing industry would allow Harris Seafoods expand in business operations. In addition, we highly want Harris Seafoods to contemplate the critical risk factors of supply, demand, and price of Shrimp.

We hope this analysis and recommendation is adequate. If you have any question, please free to contact any of our team members.About Harris Seafood. Harris Woodsby, the founder of Harris Seafood, grew up working in his fathers’ restaurants.

He worked his way up from dishwasher to server before heading to college at Florida State University where he majored in Business. Harris seafood As a shrimp industry Harris Seafood Inc. is one of the biggest producers of frozen shrimp in the United States.

Company has reached approximately $33mln of sales by Despite the risks of supply and demand of shrimp, company has been very successful in terms of average profitability.

Harris seafood As a shrimp industry Harris Seafood Inc. is one of the biggest producers of frozen shrimp in the United States.

Harris seafood essay

Company has reached approximately $33mln of sales by Despite the risks of supply and demand of shrimp, company has been very successful in . Othello: Family and Christine Harris English Essay.

Christine Harris English: Pro: Konigsberg Assignment, hamlet & Othello essay 10, Dec, In ’s, Shakespeare writes famous tragedies, Hamlet and Othello, for few reasons: to entertain and to teach the audience who was lack of education.

Licensing: This essay is licensed under a Creative Commons license that encourages reproduction with benjaminpohle.com should be given to both benjaminpohle.com and to the author, and sources must be included with any reproduction.

Click the icon for more info. Harris Seafood Question Number One (1) Value the processing plant proposal. Ignore the Industrial Revenue Bond financing. Assume: Market Risk Premium %, Riskless Rate %, and Harris Long Term Debt Rate %.

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