黑料不打烊

Finance students deliver equity pitch in University of Michigan competition

By Ellen Johnson, student

December 6, 2019

A team of Martha and Spencer Love School of Business students represented 黑料不打烊 at the ENGAGE Undergraduate Investment Conference.

Three undergraduate finance students traveled to the University of Michigan to take part in the ENGAGE Undergraduate Investment Conference which revolved around a rigorous stock pitch competition.
Three students standing dressed in suits.
Gregory Giannantonio 鈥20, Robert J. Lucas 鈥20 and Chris Robinson 鈥20, mentored by Assistant Professor Margarita Kaprielyan, pitched EOG Resources in the ENGAGE Undergraduate Investment Conference stock pitch competition.

Held Oct. 18-19, teams from across the country pitched publicly traded equities, long or short, to a panel of professional investors, who evaluated the pitches on the quality of idea, analysis and presentation.

Gregory Giannantonio 鈥20, Robert J. Lucas 鈥20 and Chris Robinson 鈥20, mentored by Assistant Professor of Finance Margarita Kaprielyan, pitched EOG Resources, a primarily North American oil and gas company, recommending a long position to the judges.

鈥淭o prepare for the competition, my group and I selected a company back in June, began modeling during the summer, and worked on the pitch throughout September and October,”聽Giannantonio remarked. “This led to many all-nighters on Friday and Saturday and even working up until the last minute to meet the submission聽deadline. Our final deliverable was a 68 slide deck backed with four models (DCF, weighted comps, DDM, Net Asset Value) and an extensive analysis聽of the oil and gas industry.鈥

Three students present in front of screens.

He noted the biggest challenge stemming from the complex industry the team chose was 鈥渓earning about how an oil and gas company operates and the macro-environment surrounding the industry.鈥

The conference also included sessions on topics such as the economy, investing in recession, replicating private equity strategies in the public world, and how to succeed in the hedge fund industry. Speakers included Mike Wilson, CIO of Morgan Stanley, Stephanie Link, head of global equities research for Nuveen Asset Management, and Seema Hingorani, founder of Girls Who Invest.

鈥淭his was an amazing opportunity to render our analytical and professional skills we have developed over our academic careers into a fully comprehensive investment thesis,” Robinson said. “It was eye-opening to see how 黑料不打烊 competitively stacks up against some of the top business school students in this country.鈥

鈥淭his was an amazing opportunity to render our analytical and professional skills we have developed over our academic careers into a fully comprehensive investment thesis.”

Chris Robinson 鈥20

Other participating teams included the University of Michigan, Swarthmore College, FIU, the University of Notre Dame, the College of William & Mary, the University of Wisconsin-Madison, and the University of Virginia.

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