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College of Business CFA Team Named Finalist at Research Challenge

March 3, 2014

CONTACT:    Dr. Anne Macy, 806-651-2523, amacy@wtamu.edu

College of Business CFA Team Named Finalist at Research Challenge

CANYON, Texas—For the second year in a row, the College of Business CFA Research team is a finalist at the Southwest U.S. CFA Institute Research Challenge after competing at Southern Methodist University on Feb. 15. College of Business CFA Research team

The CFA Institute Research Challenge—Southwest U.S. is an annual stock research competition hosted by the Charted Financial Analysts’ (CFA) societies of Texas, Louisiana and Oklahoma and part of the Global CFA Institute Research Challenge. With more than 35 universities participating, the Southwest U.S. is the second largest local challenge in the world. 

This year, each team researched SolarWinds (NYSE: SWI), an infrastructure software company headquartered in Austin. Based on the quality of the written stock recommendation report, eight finalist teams were chosen to participate in the oral presentation round with the goal of moving forward to the North and South Americas Regional. During the oral presentation competition, the WTAMU College of Business team faced competition from Nicholls State University, Rice University, Texas Tech University, Texas Women’s University, Tulane University, University of North Texas and University of Texas – Dallas with Rice and Nicholls State moving forward.

“The students truly did a fantastic job. They analyzed and valued the company, wrote a 59-page stock recommendation report, presented their recommendation and answered questions from a prestigious industry-judging panel,” Dr. Barbara Wang, Gene Edwards Professor of Banking and faculty sponsor, said. “It was a great experience for the students.” 

“Although time consuming and sometimes stressful, the Challenge gave me the opportunity to conduct a financial analysis on a young company with volatile growth,” Patrick Scheuchzer, a senior finance major from Switzerland, said. 

The team of four students worked intensely for three months on the valuation. “The experience gained from working with a culturally diverse team gave me insight into the multitude of variables constituting global finance,” Reid Winger, an economics and finance graduate student from Gruver, said.  

George Cason, CFA, general partner of Cason Capital Management, served as the industry mentor for the students. “His discernments into the valuation of a niche technology firm focused the students on the impact of industry-specific factors on cash flows,” Dr. Anne Macy, Gene Edwards Professor of Finance and faculty adviser, said.  

“The Challenge pushed us to move beyond critical thinking to how to present the results in the best way for the audience,” Mohammad Alazzam, an economics and finance graduate student from Jordan, said.  

Team members are listed by hometown or country, classification and major.
Reid Winger—graduate student in finance/economics
Mohammad Alazzam—graduate student in finance/economics
Patrick Scheuchzer—senior finance major
Linh Trieu—senior finance major



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