Intensity reigned at 2010 MBA Stock Pitch Competition

11/12/2010 2:18:00 PM

Final round uniquely showcased analytical skills when opposite recommendations were made for selected stocks


Chicago’s Booth School of Business captured first place at the ninth annual Cornell-Fidelity MBA Stock Pitch Competition that took place under the auspices of the Parker Center for Investment Research at Johnson at Cornell University, Nov. 5. Wharton came in second and the two other finalist teams were Johnson and New York University’s Stern School of Business. Other participating schools included Darden, Tuck, Fuqua, Kellogg, Kenan-Flagler, Columbia, Haas and MIT’s Sloan School of Business.

The MBA Stock Pitch Competition is held every year at Johnson and is a highlight event for the Parker Center for Investment Research and was sponsored once again by Fidelity Investments. Student participants have a total of 12 hours to research three stocks and present their investment recommendations to a panel of judges drawn from leading buyside institutions and investment research organizations.

This year, the assigned stock was Robert Half International (RHI) and other selected stocks were from the packaged software and food industries.

 

The final round of this year’s competition particularly showcased the intensity of the battle as teams went different directions for their selected stocks.  Booth pitched Hain Celestial as a Sell and Wharton as a Buy; Stern pitched Smuckers as a Sell and Kira Dietrich ‘12, Cameron White ‘12, and Jeffrey Wimmer ‘12, the team from Johnson, pitched it as a Sell.

 

“These decisions made for interesting competition,” said Lakshmi Bhoraj, director of the Parker Center and organizer of the event. “Having opposite recommendations on two stocks from the four teams gave judges a chance to really examine the skills of each team.”

 

More information on the event, sponsorship opportunities and participants can be found on the MBA Stock Pitch Web page.

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