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15.493  Practice of Finance: Perspectives on Invest. Mgmt (H2)

Spring 2015

Instructor: Jeffrey L Shames

TA: Yao Zhao

Lecture:  4:00-7:00  (E51-335)        

Information: 

 

Announcements

Last announcement

Hi, all. The 2nd company analysis has been returned to your folder. Please come to check my folder(marked as "Kevin Zhao", MBA program) given that some of you do not have folders.
If you want to get comments from 2nd Buffett reading or the final report, please let Mr. Jeff Shames know.
It has been a great half-semester experience with you all. Let me know if you want to discuss about stock investing and other finance related topics in the future. Feel free to reach me at shining182@gmail.com. Best of luck to you all.

Announced on 21 May 2015  11:30  a.m. by Yao Zhao

Homework submission schedule

Hi, all. Can't believe the class will be finished in 2 weeks. In order for everyone to earn the credits for this class, every students needs to submit two 2-page papers on company analysis, two 1-page paper on Buffet reading and one 10-page final report. For those who missed the first class, a third 2-page company analysis is required.

Given that the final report is due on last class (May 13), please make sure you submit all other deliverables on May 6 to keep on track of the syllabus.

Have a great weekend.

Announced on 02 May 2015  5:27  p.m. by Yao Zhao

Priceline reading homework

Paul Reeder will present an in depth review of his analysis on Priceline when he first bought the stock in 2007. For your readings on Priceline, I have put up on Stellar reports and earnings from 2007 when he was analyzing Priceline. For your two page paper, the analysis should be on Priceline today in 2015.

Announced on 30 April 2015  10:12  a.m. by Jeffrey L Shames

Final Paper

 

Here are Eight stocks you can choose from for your final paper. I added 3D Systems and removed Qualcomm:

Tencent,     China Mobile,     Apple,     Facebook,    Garmin,      Coach,       Biogen Idec,    3D Systems 

Suggestions for what the paper should include:
• 1 page describing the company, interesting facts about the company, the company's competitors broadly defined and 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 2014-2016 (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 percentage, an absolute number, or some footnote, etc)
• 1-2 pages- use two different valuation metrics that you think are appropriate for the company and explain 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. We will not be posting any Wall Street Reports for the assignment. Look forward to your papers.

Announced on 29 April 2015  10:51  p.m. by Jeffrey L Shames

Summary of deliverables for 15.493

Second 1-page Warren Buffett paper:  You have read about Warren Buffett's investment philosophy and heard presentations from the various speakers about their investment philosophies. For the one page paper  please write the 4-5 metrics or concepts that would describe your investment philosophy and for each one why you think it is important. It could be ROE, Balance Sheet, Management, Earnings Growth, etc.. It's due next Wednesday before class.

Second 2-page company analysis: you can choose to write about Priceline given that it's not discussed yet. If you have not written the first 2-page, you can choose one from the 8 companies we have for the final paper. It's due next Wedn before class.

Final paper: please write a 10-page paper about one of the 8 companies below. It's due on May 13.
Apple/Facebook/Biogen/Tencent/China Mobile/Coach
Garmin/3D Systems

Let me know if you have any questions.

Announced on 29 April 2015  4:36  p.m. by Jeffrey L Shames

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