M C I NTIRE I NVESTMENT I NSTITUTE A T THE U NIVERSITY OF V IRGINIA - PowerPoint PPT Presentation

M C I NTIRE I NVESTMENT I NSTITUTE A T THE U NIVERSITY OF V IRGINIA Current Topics in Finance & Investing Twitter IPO Blackberry Advanced VAR Emerging Markets Quantitative Easing Prepared by MII Managers| Nov. 14, 2013 McIntire Investment Institute 1

T WITTER IPO: W HAT DO YOU REALLY NEED TO KNOW ? First day gain: 73% First day market cap: 23.4bn Justifying the valuation: revenue potential and user base Comparing Twitter: Facebook, Pinterest etc. Is Twitter a bubble, or can it be sustained? Joe Caiello Kevin Wang McIntire Investment Institute 2

B LACKBERRY C ASE S TUDY : V ALUATION METHODS Current Share Price: $6.46 (MKT CAP: $3.32B) – over 45% decline YTD What’s happened in the last year? Where’s the value? The balance sheet? Potential catalysts and risks ? Kunal Arora McIntire Investment Institute 3

I NVESTING IN E MERGING M ARKETS : H OW TO A SSESS R ISKS AND F IND O PPORTUNITIES How: companies based in emerging markets or multinational companies with sales from emerging markets Why: higher rate of long-term economic growth, favorable demographics, burgeoning consumer class, and diversification Risks: geopolitical instability, economic volatility, and exchange rate fluctuations Alvin Kuai Sean Yu McIntire Investment Institute 4

A DVANCED VAR S KILLS : H OW TO R EALLY M AKE Y OUR C ASE VAR can be How to get How can VAR intimidating – how responses change a thesis? do you get past it? What’s most Understand your important to Triangulation biases research? Ajay Sundar Be Creative Kelvin Wey McIntire Investment Institute 5

Q UANTITATIVE E ASING : M ECHANICS AND R ELEVANCE What is QE and how does it work? (U.S. and abroad) Why is QE so important? Jonathan Wulkan McIntire Investment Institute 6