Two UNIBusiness teams place at UMKC Stock Pitch Competition
Two of the three UNIBusiness teams placed in the top three at the 2018 Stock Pitch Competition on Friday, Oct. 26, at the University of Missouri-Kansas City’s Bloch School of Management. The event was hosted by the school and UMKC’s Investment Club.
The team of Clay Meinders, Zach Fischels and Andrew Squires finished second in the competition, earning a $750 prize.
The second team of Rhea Wieditz, Edin Tutic and Patrick Gold finished in third place, earning $250. The third team of Adam Schmidt and Mikhael Karpovics also impressed the panel of judges, which was made up of professionals from the investment banking, private equity and portfolio management sectors.
“All the participating teams did a great job,” said Ronnie Chen, assistant professor of finance and the adviser for the teams. “I was impressed by the in-depth analysis on the firms’ financial reports and industry trends. Our students stayed up until 1 a.m. the night before the competition. They worked very hard for it.”
In its first year, the UMKC Stock Pitch Competition featured four regional schools: Kansas State, UMKC, Park University and UNI. Teams were asked to present their findings after analyzing stock opportunities for a publicly traded firm of their choosing. Judges based scores on criteria that included financial analysis, valuation and presentation skills.
In addition to the competition, students also had the opportunity to network with finance professionals and listen to keynote speakers Dave Cummings, chairman and CEO at Tradebot Systems and Tradebot Ventures, and Thad Davis, managing director and head of health care for the North America region at HSBC Bank.
Team 1 (2nd place, $750):
Clay Meinders, senior in finance and real estate
Zach Fischels, senior in finance
Andrew Squires, senior in finance and real estate
Team 2 (3rd place, $250):
Rhea Wieditz, junior in finance
Edin Tutic, junior in finance
Adam Schmidt, senior in finance and management
Mikhael Karpovics, senior in finance and real estate