Finance Case Study

Please submit a write-up of two pages (maximum including top-level quantitative
analysis) that answers the questions below.

Use the following case:

Case: Carlton Polish Co. By: William A. Sahlman, HBS Publishing #: 283008-PDF-ENG

(Attached you can find a copy of the financial information in the case)

1. What is your assessment of the business of Carlton Polish?
– What is the opportunity, people, deal, and context?
– What makes this opportunity and this business financially attractive (or not); such as
margins, cash flow, working capital characteristics, etc?
– What can go right? What can go wrong?
2. Should Charlie Carlton buy out his co-owner’s share, or should he sell?
– Why?
– How much is Carlton Polish worth? (Include free cash flow valuation to support your
conclusions)