15.493 Practice of Finance: Perspectives on Investment Management (H2)
Fall 2012
Instructor: Jeffrey L Shames
TA: Yun Zhang
Lecture: W 4:00-7:00 (E51-335)
Information:
Announcements
Reminder: Final paper (10-page) is due next Wed
Dear ClassPlease hand in the 10-page paper in class next Wed.
If you missed one or two classes before, you will need to write an
additional 5-page or 10-page paper.
Any question, please let me know.
Best
Zoe
Announced on 08 December 2012 9:59 a.m. by Yun Zhang
If you missed the two-page report, please hand in two page reports on FB next Wed
Dear ClassAs we switched the company from Amazon to Apple, if you still have not handed in the two page report, you have the last chance to hand in the report on FB next Wed.
Let me know if any question.
Best
Zoe
Announced on 30 November 2012 11:27 p.m. by Yun Zhang
Final Paper
The nine companies you can select from for the final paper are:
Chipotle, Coach, Google, Valero, Tesla, Abbott Labs, Baidu, Linkedin, Intel
Suggestions for what the paper should include;
1 page describing the company, interesting facts about the company, the company's competitors broadly defined then the 3-4 key competitors.
1-2 pages on the company's 3 or more competitive strengths, their 3 or more competitive weaknesses and explain why for each one.
1-2 pages of what you think will be the 1-2 key issues that will determine the near term and long term stock price (they could be different for each time frame).
1-2 pages creating an estimated Income Statement for 2013-2015 (the next 3 years).
1-2 pages- examine the income statement, cash flow statement, and balance sheet- explain one or two interesting financial details for each statement that is relevant in analyzing the stock and why. (it could be a ratio, a percnetage, an absolute number, or some footnote, etc)
1-2 pages- use two different valuation metrics that you think are appropiate for the company and expalin why they are appropriate. Then determine if the stock is a BUY or SELL and explain why you made that decision.
These are just suggestions. Feel free to include any additional material that you think would be valuable. You are on your own for this assignment. Iwill not be posting any Wall Street Reports for the assignment. I look forward to reading your papers
Announced on 29 November 2012 10:06 p.m. by Jeffrey L Shames
Fixed Income Readings for December 5 and Dinner
I have posted 4 Fixed Income Readings for next week. Two short papers by MFS, one on Inflation and one on Corporate Credits. There is, also, a Sell Side Fixed Income Analyst Report from Citi on Sovereign Ratings Outlook, and then if you are interested, I posted a recent IMF Report titled "Is China Over Investing".
As Zoe mentioned, there will also be a dinner with our two guests. It should be an interesting discussion on the World Economy, Bond Market Outlook and careers in Fixed Income. Contact Zoe if you are interested. Thanks.
Announced on 29 November 2012 9:45 p.m. by Jeffrey L Shames
Next Wed, dinner with Eric (PM of MFS Global Bond Fund) and Bob (PM of MFS Corporate Bond
Dear ClassWe are excited to host dinner with our guest speaker next Wed, Erik Weisman (PM of MFS Global Bond Fund) and Bob Persons (PM of MFS Corporate Bond Fund).
We will not have dinner with Michael Even, CEO Numeric Investors. However, if you have signed up for that dinner, you will have priority to attend the dinner next Wed. Sorry about the change.
Please feel free to shoot me an email, if you are interested.
Time: Next Wed (Dec 5th) after class
Place: TBD
Best
Zoe
Announced on 28 November 2012 10:50 p.m. by Yun Zhang
