Eleventh Annual Investment Research Competition
New York Society of Security Analysts CFA© Research Challenge

Why Be A Part?	Because you want experience and this is a great way to get that, and increase your opportunity for a job!
Research Helps!	See the Fordham Finance Website for detailed instructions, example files for the pre-competition report contest, and more.
Kick-Off Meeting!	Monday the 12^th and Tuesday 13^th of September. Please sign up for the Fordham Finance Society for email updates on locations and specific times.
General Overview	The investment research competition sponsored by the New York Society of Security Analysts is divided into two phases. The first phase involves participation in three seminars which will address the preparation of an Initiating Coverage, 'Sell Side of the Street', investment research report. Following the seminars, students will be invited to formally apply for the investment research team consisting of five Fordham students which will represent Fordham University in the second phase of the competition. The second phase of the competition begins on Friday, October 22nd and is a research report writing/defending contest involving investment research teams from sixteen New York area universities: Fordham, New York University, Columbia, Rutgers, Seton Hall, Pace, Baruch, St. John's, Yale, ... Power Point Slides having overview of the competition Participants in the 2009-2010 CFA Global Investment Research Competition
The members of the Fordham Team in this year's NYSSA IRC	To be selected!
Inter-University Competition Participation Rules	Students may not have been or currently be employed in a role whose primary duty involves fundamental company analysis; with the exception of students who have been interning in that function for six months or less. Students must be enrolled in the current term at the school they represent for the length of the Challange. CFA Charterholders are not elgible to participate. Teams may consist of 3-5 members, and may include graduate and/or undergraduate students. Students must disclose any ownership position in the securities of the subject company. Students must confirm that their participation in the Challenge does not represent a conflict of interest.
Within-Fordham Phase	Here at Fordham there will be three seminars led by practitioner investment analysts (see details below). The first seminar will address the Valuation Section of the Investment Research Report that will be prepared in the Inter-University Competition. The second seminar will address the Financial Analysis Section of the report. And the third seminar will address the Investment Thesis, the Competitive Advantage, and the Investment Risks Sections of the report. During the second week of October, interviews will be scheduled and five team members will be selected along with two alternates which will represent Fordham in the inter-university competition.
Financial Ratios/Valuation Seminar	Date: Tuesday, September 27, 2011 Time: 5:00pm to 6:00pm Place: TBD Date: To prepare for the seminar, it is recommended that you review the Valuation Section of the following three reports Seton Hall's Tasty Baking Report - 2006-2007 First Place Fordham's Syms Report - 2004-2005 First Place Yale's Phillips-Van Heusen Report - 2008-2009 First Place
Market and Competitor Analysis Seminar	Date: Tuesday, October 5, 2011 Time: 6:30 to 7:30pm Place: TBD Date: To prepare for the seminar, it is recommended that you review the Investment Thesis, Industry Competitive Advantage, Investment Risks Sections of the following reports four reports Seton Hall's Tasty Baking Report - 2006-2007 First Place Fordham's Syms Report - 2004-2005 First Place Seton Hall's Aqua America Report - 2005-2006 First Place Yale's Phillips-Van Heusen Report - 2008-2009 First Place
Presentation Skills Seminar	Date: Wednesday, October 6, 2011 Time: 7:00 to 8:00pm Place: TBD Date: To prepare for the seminar, review the following power point. Click here to view the Power Point Slides discussed during the seminar.
How to apply to be a member of the Fordham Team in the Inter-University Competition and the Equity Research Club!	Send Robert Fuest (r.fuest@landorfuest.com) your resume, letter stating why you want to be a part of the team, and your pre-selection competition company for analysis (LOW, DOW, PLL) by September 30^th. Prepare a four page report using the template. This report is an abridged version and will show your skills in thought and financial application. DUE BY October 12^th. Main components of four page report: Investment Thesis Section and Chief Compiler/Editor of the Investment Research Report Valuation Section (Ratios as primer) Competitive Advantage and Business Description Section Investment Risks Section and "Differentiating Research Perspective"
Equity Research Club Timeline:	October 24th-Monday (by 6:00pm) teams to be announced October 20th-Wednesday, 5:00 to 5:45pm, Room 506, team organizing meeting wherein each team determines the company to be the subject of their investment research report
Sample Investment Research Reports	Below you will find links to the winning reports of previous investment research competitions sponsored by NYSSA: Pace's Galaxy Foods Report - 2002-2003 First Place NYU's Emisphere Technologies Report - 2003-2004 First Place Fordham's Syms Report - 2004-2005 First Place Seton Hall's Aqua America Report - 2005-2006 First Place Seton Hall's Tasty Baking Report - 2006-2007 First Place Rutgers' W. P. Carey Report - 2007-2008 First Place Yale's Phillips-Van Heusen Report - 2008-2009 First Place Fordham's Bitstream Report - 2009-2010 First Place