From the course: Financial Modeling and Forecasting Financial Statements
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Dynamic modeling
From the course: Financial Modeling and Forecasting Financial Statements
Dynamic modeling
- Remember, at the end of 1985, Home Depot was in dire straits. - To try to fix Home Depot, we have looked at the impact on Home Depot's forecasted cash flows of various changes in operating, investing, and financing practices. - Although we did find changes that might help, at least in the short term, we didn't find the magic bullet that would completely fix Home Depot's operating cash flow problems in order to put the company on solid footing for future growth. - When we do this exercise in class, we pause and say, "Well, I guess it's hopeless. "Home Depot can't be fixed, hopeless." I actually have a PowerPoint slide where the word hopeless twirls around on the screen. - But students know it can't be hopeless. They've seen Home Depot. Surely the company must have figured out something. - So after a pause, a few students will call out, "Do everything at once. "Don't just change one thing at a time, "change…
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