M c I n t i r e I n v e s t m e n t I n s t i t u t e

MCINTIRE INVESTMENT INSTITUTEAT THE UNIVERSITY OF VIRGINIA

Prepared by the MII Managers| September 5th, 2012

Club Introduction

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MII’S MISSION AND ORGANIZATION

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1) Who is in MII?

2) What Does MII Do?

3) Why Should I Consider Joining MII?

4) How Can I Join MII?

5) What Events Does MII Have Planned?

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MII IS LEAD BY A MANAGEMENT TEAM OF NINE STUDENTS

Harrison Freund, PresidentCommerce ‘13

Jonathan Wulkan, CMOCommerce ‘14

Haroon MasoodCommerce ‘14

Nick JonesCommerce ‘14

Ryan Rechkemmer, CFOCommerce ‘14

Kelvin Wey, CIOCommerce ‘14

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Ajay SundarCommerce ‘14

Rob Sampson, VPBiology ‘13

Alex AbosiCommerce ‘13

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LEVELS OF INVOLVEMENT

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9 Manager

s

9 Associates

33 Analysts

106 Members

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MII IS GUIDED BY KEY SUPPORTERS

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John GriffinMII Benefactor

Dean Gerald StarsiaTreasurer, McIntire Foundation

Professor Patrick DennisMII Faculty Adviser

Dean Carl ZeithamlDean, McIntire School of

Commerce

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MII’S MISSION AND ORGANIZATION

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1) Who is in MII?

2) What Does MII Do?

3) Why Should I Consider Joining MII?

4) How Can I Join MII?

5) What Events Does MII Have Planned?

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MII IS FIRST AND FOREMOST A LEARNING OPPORTUNITY

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Brainstorm and Research Companies

Attend Education Sessions and Speeches

Share our Ideas at Weekly Meetings

Learn by Investing Real Money

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MII COLLECTS FUNDAMENTAL, VALUE ADDED RESEARCH

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Customers

Competitors

Industry Experts

Suppliers 360° Company Mosaic

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MII MEMBERS ARE LIKE DETECTIVES – WE SCRUTINIZE COMPANIES

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MII INVESTS IN BUSINESSES WITH STRONG FUNDAMENTALS

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MII BETS AGAINST VALUE-DESTROYING COMPANIES

Fads Frauds Fading StarsCompanies that

mislead customers and investors

Often use misleading marketing or “cook

the books”

Examples: Enron, New Oriental

Education, Sunbeam, WorldCom

Companies with obsolete products and/or shrinking

markets

Often “late to the game” or unable to adapt to changing

competitive environments

Examples: Kodak, GameStop, Garmin,

Best Buy, Nokia

Companies with unsustainable

growth

Often sell consumer goods like clothing, dietary products, or

toys

Examples: Crocs, Green Mountain Coffee Roasters,

Herbalife

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MII MANAGES A PORTFOLIO VALUED AT AROUND $557,000

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MII’S MISSION AND ORGANIZATION

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1) Who is in MII?

2) What Does MII Do?

3) Why Should I Consider Joining MII?

4) How Can I Join MII?

5) What Events Does MII Have Planned?

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JOIN MII TO LEARN ABOUT BUSINESS AND INVESTING

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WACC

“Short” a Company

Competitive

Advantage

Margin of Safety

P/E Ratio

“Moat”

CAGR

Hedge Funds

Value Trap

Price vs. Value

Discounted Cash

Flow

Sell-Side

Earnings Estimates

EBITDA

10-Q

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JOIN MII TO PREPARE YOURSELF FOR THE COMMERCE SCHOOL

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JOIN MII TO START YOUR INVESTING TRACK RECORD

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JOIN MII TO PREPARE FOR A CAREER IN FINANCE

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JOIN MII TO UNDERSTAND PERSONAL FINANCE

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MII HAS OVER $90,000 WAITING TO BE INVESTED IN YOUR IDEA!

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MII’S MISSION AND ORGANIZATION

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1) Who is in MII?

2) What Does MII Do?

3) Why Should I Consider Joining MII?

4) How Can I Join MII?

5) What Events Does MII Have Planned?

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MII WANTS STUDENTS FROM ALL BACKGROUNDS AND YEARS

Diversity of membership leads to better discussions, investment

ideas, and decisions

Our desired membership is diverse across genders, majors, and

nationalities

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FOUR-PHASED MEMBERSHIP SELECTION PROCESS

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Conversation

Schedule a 10 - 15 minute conversation with an MII Manager (September 14th through September 16th)

Learn about each other, discuss your idea and ask questions

Involvement Attend at least 60% of meetings Exceptions for Analysts, Associates and Managers who have

legitimate time conflicts (talk to Rob)

Education Session

Attend an education session on Friday, September 7th from 1:15 -2:30pm or 4:00 - 5:15pm in RBT 256

Learn the basics of stock analysis

Stock Idea Prepare a one-page stock memo outlining your best long or

short idea Email to miirecruitment@gmail.com on September 12th by

10:00 PM

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MII’S MISSION AND ORGANIZATION

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1) Who is in MII?

2) What Does MII Do?

3) Why Should I Consider Joining MII?

4) How Can I Join MII?

5) What Events Does MII Have Planned?

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PROFESSIONAL EVENTS

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MII will sponsor a stock pitch competition for all students within the University around UVA’s Investing Conference

Featuring industry professionals for judges and thousands of dollars in prize money

Kyle Bass, Managing Partner of Hayman Advisors, to teach a Value Investing 101 class to MII

Institutional Investor Magazine’s investing competition

Make buy, sell or hold recommendations backed up with written materials and judged versus peers and industry benchmarks

The results of the competition will be publicized in the magazine

MII-sponsored networking events with major financial institutions

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QUESTIONS?

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?