Competition Rules
The 2009 MII Intercollegiate Stock Pitch Competition will provide a forum for undergraduate students from across the country to showcase their investing skills and knowledge of the financial markets. Over a two-round competition, teams of two or three students will present different long opportunities to a panel of distinguished judges from the financial industry. This document outlines the two rounds, as well as a detailed disclosure of other important rules regarding the competition.
First Round
The first round of the competition will feature approximately twenty teams. Presentations in this round will be ten minutes, followed by five minutes of Q&A. All presenters should be prepared to answer questions posed by judges, other teams, and the audience. From this round, judges will determine four teams to advance to the final round.
Final Round
The final round of the competition will feature the top four teams, as determined through the preliminary qualifying round, with each team presenting one stock. Presentations in this round will be fifteen minutes, followed by ten minutes for Q&A.
As the audience and judges are different in the final round, finalists should present the same long opportunity as they did in the first round. However, it is recommended that finalists be prepared to give a more in-depth analysis of their investment idea to account for the additional time in the final round.
What Securities Are Allowed?
Participants are restricted to the universe of companies with market capitalizations above $500 Million* and share prices above $2*. Selections must be a stock (common or preferred) or ADR. ETFs, ETNs, Closed-End Funds, other exchange-traded securities, derivatives (options/futures), and currencies will not be eligible for the competition. Judges will be interested in participants' abilities to choose and evaluate companies, not their ability to evaluate sectors, trends, or other managers. Additionally, equities must have a three-month average daily volume of at least 100,000 shares*, and must trade on the Nasdaq, NYSE, Euronext, or Alternext. The opportunity will be evaluated as a long position with a 3-12 month investment horizon.
*3-month moving average
What Do Presentations Include?
All presentations are to be in PowerPoint format (all versions will be accepted). Each team is required to submit their presentation to StockPitch@miiclub.org by March 20th at 7:00am EST. In past competitions, successful teams have prepared a supplement part to amend their original presentation for the final round. Any handouts or additional supporting materials are acceptable but are the responsibility of the team to provide.
It should be the goal of the team to use content in the presentation to persuade both the audience and the judges that the long opportunity presented is the best investment within the certain requirements outlined above. A general template for the content is provided on www.miiclub.org with the intention that it will be used as a guide and is not the only way to analyze a stock.
How Will The Stock Be Judged?
Presentations will be evaluated based on the following criteria:
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Quality of investment pick and rationale
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Quality of presentation
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Ability to field questions from the audience and judges
