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MBA Stsock Pitch

  1. In 2012, twelve teams will participate in the MBA Stock Pitch Challenge.
  2. Preliminary rounds will consist of two pools of presenters and judges. Judges, will consist of distinguished investment professionals from both the buyside and the sellside.
  3. Through the generosity of our event sponsors, the MBA SPC will provide accommodations and meals to the three competing students for each team. Teams are responsible for their own transportation to and from Ithaca, New York. Student hosts from Johnson will facilitate local transportation needs.
  4. Each team will be provided with a specific, assigned workstation and printer in the Parker Center for Investment Research, a state-of-the-art trading facility, at Johnson. The Center is equipped with Capital IQ, FactSet, Baseline (Thomson), Bloomberg, and a variety of other analytical tools. A training session on the use of some software will be held by training representatives from these firms on the Thursday morning prior to the competition on Friday.
  5. In addition, each team will have the use of a private conference room, equipped with Internet access. Team members should bring their own laptops and storage devices for use in the conference room.
  6. On Thursday morning, the judges will assign one common stock and two industries to the participating teams. They will also provide them with a list of the eligible set of stocks in each of the two industries.
  7. Teams must decide whether to present a long (buy), neutral (hold), or a short (sell) recommendation on the common stock.
  8. For each of the two assigned industries, students will be asked to choose a company that they will pitch as either a long, neutral, or short candidate.
  9. Teams will have until midnight on Thursday to prepare for the three presentations. After 12:00 a.m., no changes to the presentations are permitted.
  10. All teams will present their recommendations on the common stock and on one industry-specific stock in the preliminary rounds on Friday morning. (See details on presentation rules below). The two highest scoring teams from each group in the preliminary round will advance to the final round on Friday afternoon. Participants are required to wear business attire for their presentations.
  11. The four finalist teams will have a short amount of time prior to the final round to practice their presentations in their conference rooms.
  12. Students will be on the honor system throughout the event (see below).
  13. Judges will announce their first-round decisions at the luncheon. Presentation of awards will be made at 1:45 pm at a reception.
  14. Press coverage of the MBA Stock Pitch Challenge is sought, and it is possible that reporters will be in the rooms during the competition. A press release on the results of the event will be dispatched by Johnson at Cornell. There are, of course, no guarantees that the media will report on the event.

Honor System

  1. No outside help will be allowed from anyone (i.e., no phone calls, e-mails etc.). Consultants from the software companies will be available in the initial stages of the day for brief questions specific to the use of their software.
  2. All data sources are fair game, including the Internet and any proprietary quantitative or fundamental models developed in advance. However, proper attribution must be provided (i.e., sources must be clearly marked on each slide).
  3. The Parker Center provides visual barriers between workstations in the Robert S. Boas Trading Room, and a private conference room for each team to discuss their research and strategies and practice their pitches. It is expected that teams will fully respect one another's privacy, and that team members will neither seek nor provide information to anyone outside their own team.
  4. Any violation of these rules constitutes grounds for disqualification.

The Presentation

  1. All teams must put their stock pitch powerpoint presentation on a pre-designed template provided by the MBA Stock Pitch Challenge.
  2. Teams make their presentations anonymously, using a team number (assigned in a random drawing) and their first and last names - not the name of their schools.
  3. A total of 15 minutes will be allotted per team pitch. Ten minutes will be used for the formal presentation, five minutes for Q&A from the judges. These time limits will be strictly enforced by an official timekeeper.
  4. Every presentation must feature a "lead presenter" (a team member who makes the initial ten minute presentation). Each team member must serve as a lead presenter for one of the three stocks. All three team members can participate in answering the judges' questions in all rounds.
  5. Student teams competing at each stage of the competition will not be allowed to view the presentations of the other teams.
  6. Judges will be provided with a score sheet for the competition. In brief, the presentation will be judged on the basis of the quality of the analysis, presentation delivery, and the quality of the Q&A session.