McIntire Investment InstituteAt the University of Virginia

Club Introduction

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 e1

Prepared by MII Managers| 2 September 2010

Club Introduction

and Goals for

the Semester

Today We Will Discuss MII’s Mission and Organization

1) Who is in MII?

2) What Does MII Do?

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

3) Why Should I Consider Joining MII?

4) How Can I Join MII?

5) What Exciting Events Does MII Have Planned?

2

MII is Led by Eight Students

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MII is Guided by Professor Dennis and McIntire Administrators

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Today We Will Discuss MII’s Mission and Organization

1) Who is in MII?

2) What Does MII Do?

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

3) Why Should I Consider Joining MII?

4) How Can I Join MII?

5) What Exciting Events Does MII Have Planned?

5

MII Manages a Portfolio Valued at Over $436,000

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MII is First and Foremost a Learning Opportunity

Attend Education Sessions and Speeches

Brainstorm and Research Companies

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Share our Ideas at Weekly Meetings

Learn by Investing Real Money

MII Collects Fundamental, Value-Added Research

Customers

CompetitorsSuppliers3600 Research

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Company Insiders

Industry Experts

3600 Research

Mosaic of a

Company

MII Members are Like Detectives – We Scrutinize Companies

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MII Invests in Companies with Strong Earnings and Growth

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MII Bets Against Bad Companies

Fads Frauds Fading StarsCompanies with

unsustainable growth

Often sell consumer goods like clothing,

dietary products, or toys

Companies that mislead customers and/or investors

Often use misleading marketing, “cook the

books,” or fail to disclose

Companies with obsolete products and/or shrinking

markets

Often “late to the game” and unable to adapt to changing competitive

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dietary products, or toys

Recent examples: Crocs, Cabbage Patch Dolls

books,” or fail to disclose dangerous products

Recent examples: Enron, Crazy Eddie’s

changing competitive environments

Recent examples: Kodak, Blockbuster

Today We Will Discuss MII’s Mission and Organization

1) Who is in MII?

2) What Does MII Do?

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

3) Why Should I Consider Joining MII?

4) How Can I Join MII?

5) What Exciting Events Does MII Have Planned?

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Join MII to Learn about Business, Finance, and Investing

Margin of SafetyDiscounted Cash Flow

Earnings Estimates

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Margin of Safety

CAGR

Sell-Side

10-Q

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 So Bernie Madoff Doesn’t Ruin Your Retirement

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Join MII to Have Fun and Meet Interesting, Passionate People

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MII Has Over $100,000 Waiting to be Invested in Your Idea!

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Today We Will Discuss MII’s Mission and Organization

1) Who is in MII?

2) What Does MII Do?

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

3) Why Should I Consider Joining MII?

4) How Can I Join MII?

5) What Exciting Events Does MII Have Planned?

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Managers

Associates

Levels of Involvement

8

<10

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

Analysts

Members20

40-45

Four-Phased Membership Selection Process

• Attend an education session on Friday, September 10 from 11 a.m. – 1 p.m. or 4 p.m. – 6 p.m. in RBT 225

• Learn the basics of stock analysis

• Prepare a one-page stock memo outlining your best long or short idea

• E-mail to Tim Chen at tc2bj@virginia.edu by September 17th

Education

Session

Stock

Idea

• Managers and Associates are automatically members!

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• E-mail to Tim Chen at tc2bj@virginia.edu by September 17th

at 5 p.m.

• Schedule a 15 minute conversation with an MII manager

• Learn about each other, discuss your stock idea, and ask questions

Idea

Conver-

sation

• Attend at least 60% of meetings

• Exceptions for Analysts, Associates, and Managers who have time conflicts (talk to Ryan Comisky)

Involve-

ment

Selections made September 26th

MII Wants Students from All Backgrounds and Years

Diversity of membership leads to

better discussion, investment ideas,

and decisions. Our desired

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and decisions. Our desired

membership is diverse across years,

gender, majors, and nationalities.

Today We Will Discuss MII’s Mission and Organization

1) Who is in MII?

2) What Does MII Do?

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

3) Why Should I Consider Joining MII?

4) How Can I Join MII?

5) What Exciting Events Does MII Have Planned?

23

Next Week: Presentation from Sands Capital Management

Answer Our Questions

Share Investment Idea

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Idea

Six Weeks: Women in Investing Panel

3-5 of America’s Premier Investors

Thursday, October 14

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Co-Hosted with Women’s Business Forum

Two Months: MII Value Investing Competition

Open to all Students

October 28-29

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Hedge Fund Managers Final Round Judges

All Semester: Alumni Speakers, Company Presentations, and Tailgates

Recruiting Sessions with Investment Banks

Presentations from Alumni at Hedge Funds

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Football Tailgates on the Lawn

Questions?

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