Investment ideas club kick off meeting
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Investment Ideas Club Kick-Off Meeting. Objective / Format. Objective: Provide a low risk environment to help participants improve their pitching skills Developing an investment pitch is the best ways to prepare for investment management interviews Format:

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Investment Ideas Club Kick-Off Meeting

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Investment ideas club kick off meeting

InvestmentIdeas ClubKick-Off Meeting


Objective format

Objective / Format

  • Objective: Provide a low risk environment to help participants improve their pitching skills

    • Developing an investment pitch is the best ways to prepare for investment management interviews

  • Format:

    • 6 meetings over the year (Fall: 09/21, 10/12, 11/16)

    • First meeting open to all interested, submission of a write-up required for all subsequent meetings

    • 2-4 judges, 10-25 students pitching


What is a stock pitch

What is a stock pitch?

  • Buy or sell recommendation on a bond or a stock

  • In the context of the IIC, recommendation supported by:

    • 2-page write-up (plus up to 1p of exhibits)

    • 2 ½ min oral presentation, followed by 2-5min Q&A

  • Objective is to demonstrate that you have the skills required to be a successful analyst (not to find the next 10-bagger)

    • A good stock pitch requires rigorous research to support the investment thesis; this cannot be emphasized enough


Tips for finding compelling pitch ideas

Tips for finding compelling pitch ideas

  • Look for ideas that have a “hook”:

    • Differentiated investment thesis

    • Special situations (spin-offs, restructuring, etc.)

    • Off-the-radar companies

  • Looks for ideas that are interesting to your audience:

    • More than $1bn market cap, sufficient trading volume

    • Preferably North American companies

  • Work within your circle of competence

    • New to Investing? Research a company in your old industry!


Written pitch 2 pages

Written Pitch – 2 Pages

  • Heading

    • Your name and email address

    • Name of the company

    • Long or short

    • Share price and price target

    • Summary of the capital structure

    • Key trading statistics and valuation

    • Summary financials

    • Price graph


Written pitch 2 pages cont d

Written Pitch – 2 Pages (cont’d)

  • Business description

    • Be concise, pick businesses that are straightforward to understand

  • Investment thesis

    • 1-3 areas of difference between your view and the market view

    • Your differentiated view on the company, not the sell-side view

    • Conclusions supported by facts, not a book report

  • Catalysts (especially necessary on the short side)

  • Risks

    • Most likely reason why you would be wrong + quantify


Oral pitch structure

Oral Pitch – Structure

  • Clear recommendation upfront (1 sentence)

    • Include company name, current price, market cap

  • Short business background if necessary (2-3 sentences)

  • Investment thesis

    • 1-2 key differentiating factors

    • Valuation

  • Catalysts (preferably)

  • Risks (preferably)


Oral pitch format

Oral Pitch – Format

  • Stick to time available: 2min – 2½min max

    • Favor simplicity over complexity

  • Go to your thesis quickly

  • Balance conviction with humility

  • Know what you don’t know

    • Don’t know the answer to something? Explain how you would think through finding the solution. Don’t guess!


Questions rrainosek13@gsb columbia edu rdecrayencour13@gsb columbia edu

[email protected]@gsb.columbia.edu


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