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Faced with the imminent entry of the industry leader into the market where Ficasac operates, the management of this company met to analyze and ultimately approve the convenience of expanding the product line. However, during the meeting several alternatives were brought up regarding equipment financing. These alternatives must be assessed in light of two possible future scenarios: taking advantage or not of the tax benefits of the border law. The results of such assessment shall be discussed the following day, for which it is necessary to prepare a report with recommendations on the matter.

Bailey Investments Inc. (BII) was restructuring their investment portfolio and examining the possibility of extending their exposure towards the Peruvian mining industry. Specifi cally, they were interested in investing in the Milpo Mining Company, about which they had very good references. For this reason, they asked MC Peru, who is one of their primary foreign customers, to create a report about the convenience for realizing this investment. They expected a comparison between the market price and the value of ordinary Milpo stock. Analyst Ernesto Valdez, who was in charge of this work, knew that he would only have a short time (three days) to do so, meaning that there would not be any time to converse with Milpo representatives, and his analysis would have to focus on public information available through the Internet.

El presente caso plantea la situación general de una empresa hipotética bien posicionada en el mercado y que opera, aparentemente, con eficiencia. La atención se centra en la política de gestión financiera de corto plazo que, a primera vista, no parece presentar mayores inconvenientes. Sin embargo, un análisis profundo puede llevar a conclusiones diferentes.