Rules for the Fink Center AIA Stock Pitch Competition
1. Composition: Top MBA Programs. Each team will have between two and four members who must be full-time or fully-employed MBA students (1st or 2nd years are accepted).
2. Submission and Notification: Applications will be mailed to all invited teams and application, resumes, and registration fee are due by midnight PST on January 31, 2014. We will notify you of acceptance by February 1, 2014 (registration will be refunded for any team not accepted).
3. Substitutions: Accepted teams may only change team members on a case-by-case basis, with permission from the event coordinators.
4. Dress Code: Dress code is business formal.
5. Travel: Each team is responsible for its own travel to Los Angeles, CA and travel advice will be given in information packets before competition.
6. Accommodations: All teams will receive one night free double room hotel stay on February 27, 2014. Please refer to registration site for details.
B. RESEARCH & PREPARATION
1. Research Notification of Projects: At 9:00AM PST Thursday, February 20, 2014, each team leader will be informed via email of the investment options. The investment options will be selected by the judges. In the first round, your team must pick one stock to pitch as a long or short (buy or sell) recommendation. The second investment is for the second round. All teams will be assigned the same stock for the second round. For this stock, you must make a buy or sell recommendation. The investment horizon is one year. You must present with a team moniker.
2. Acceptable Research Sources and Tools: Students will be permitted to use any research tools that are available through their respective schools, including Bloomberg, FactSet, CapitalIQ, professionally prepared equity research, and industry contacts; however, all work on the project must be original and created only by members of the team (tables, charts, and other data must be attributed). We highly encourage the use of original EDGAR filings as one source. Doing some original research or fieldwork/informal polls is also highly encouraged.
3. Submissions: The two presentations must be submitted electronically as PowerPoint files. We will provide teams with a template closer to the event. Teams may add slides to the template but they must include the core slides given. File names must include the team moniker, but no reference to the school (your presentations will be made without disclosing your school). Presentations should not contain any sound/video or other excessively large data objects. Presentations must be emailed to the event coordinators no later than midnight Wednesday (11:59pm PST), February 26, 2013. Teams will be not allowed to revise their presentations after they have been submitted or bring other materials into the room. We encourage an appendix with your model.
1. Team Divisions: Teams will be randomly divided into divisions. As part of this process the presentation order for teams will be randomly assigned. All teams must remain anonymous with a team name and so not identify themselves or their school affiliation to each other or the judges.
2. First Round: Presentations will begin in the morning. Each team will have up to 15 minutes to present its industry stock recommendation. The formal presentations will be followed by up to 20 minutes of questions by the judges. All team members are expected to contribute to the presentation and Q&A. Each division will be officiated by a member of the UCLA Anderson School of Management community. Time limits will be strictly enforced by the official. Competing teams shall not watch each other’s presentations.
3. First Round Judging: All presentations will be judged by industry professionals. Following each presentation, the judges will assign a rank of 10 (best) through 1 (worst) to each team in their division, based on a scorecard (this will be provided to the teams in their preparation round). Judges must complete their rankings by noon. The officials will sum the ranks of all teams with the highest score determining the finalist from the division. An evaluation form will be provided with the judging guidelines. Areas of evaluation will include: quality of analysis, presentation skills, Q&A expertise, and strength of investment thesis. During the luncheon, judges representing each division will reveal the three final round teams. The order of presentation for finalist teams will be determined by random drawing.
4. Second Round: Final round presentations will begin in the afternoon. Each team will have up to 15 minutes to present its stock recommendations, followed by up to 20 minutes of questions by the judges. All team members are expected to contribute to the presentation and Q&A. The proceedings will be officiated by a member of the UCLA Anderson School of Management community. Time limits will be strictly enforced by the official. Competing teams shall not watch each other’s presentations but knocked out teams are encouraged to attend.
5. Second Round Judging: Following all of the presentations, the judges will assign a rank of 10 (best) through 1 (worst) to each team. The officiating member will sum the ranks of all teams with the highest score determining the winner of the contest.
D. AWARDS AND PUBLICITY
1. Awards: Announcement of the winners will be made at the awards ceremony immediately following the conclusion of the second round. Cash prizes totaling $12,500 will awarded to the top three teams:
1st Place Team: $6,000
2nd Place Team: $4,000
3rd Place Team: $2,500
2. Publicity: Press coverage of the Fink Center AIA Stock Pitch Competition is sought, and although there is no guarantee, it is possible that reporters could be in the rooms during the competition. UCLA Anderson will dispatch a press release on the results of the event. All team members agree to allow their names and likenesses to be used in press materials. Students may list their accomplishments on their resumes. A resume book will be put together and mailed to the judges after the competition.
E. THE HONOR SYSTEM
1. No External Aid: No outside help will be allowed from anyone in preparing the materials and presentation; help can be solicited from industry contacts to better help analyze data.
2. Research Integrity: 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. Team Firewalls: 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. Violations: Any violation of these rules constitutes grounds for disqualification and notification of the Academic Services dean at the offending team’s graduate MBA program.