Professional Documents
Culture Documents
Agenda
How to screw up stock pitch interviews?
How makes a good stock pitch?
Where are the resource?
Introduction of Bloomberg Terminal
On Campus Interviews
IPhone launched
LVS won Singapore Casino bid. The casino will open in 2009.
Recommendation
Problem 3: Past events should have been priced into the stock
Solution: Explain the difference between your analysis
and market consensus
1
Recommendation
Do
Top Down approach (screening software)
Bottom up approach / Pick the company/industry you are familiar with
Look for Catalyst
Dont
Get the stock pitch ideas from sell side reports
Pitch a company without catalyst
Step 3: Valuation
Valuation will make our break your stock pitch. You need to give a target price along with your BUY/SELL
recommendation
Comparables analysis - Who are the companys closest competitors & what
are their respective valuations (P/E, EV/Sales, EV/EBITDA, P/B, P/CF)
Historical Valuations
Where are you differentiated from the market view? What is the market
focused on that may not be important? What are you focused on that the
market may be overlooking?
To access the folder: On Windows, press the Start button, and select Run...
and paste the following into the Open: box in the Run window.
\\galaxy.fuqua.duke.edu\AMC-2010$
You can also find the link under the fuquaworld team tool
Open the folder 2008-2009/Stock Pitches-Where to Start
Fundamental Equity Analysis A Primer
Industry Analysis A Primer
2 folders with Previous Years Stock Pitches
Takeaways
Three skills to demonstrate in an equity research interview: Analyzing, Stocking picking and Marketing
Stock picking skill: think outside the box for the catalyst. Add values to your
investors/interviews/listeners
Marketing skill: Show you conviction through delivering your stock pitch. Concise
and Persuasive.
Bloomberg Demonstration