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WSO Hall of Fame: Equity ResearchThe Wall Street Oasis Equity Research Hall of Fame provides a comprehensive collection of some of WSO's best discussions on the equity research industry. Keep in mind this Hall of Fame does not include Q&A sessions by WSO veterans. To view a full list of Q&A’s & Interviews please n...
WallStreetOasis.com
03 months 1 week ago
+1
Feedback on 2 to 5 Minute Stock PitchI have an interview coming up (Friday) with Fidelity for the 2017 equity research summer analyst position. I have been working on a few stock pitches. I have two longs and one short thesis. I am going to lead with the short thesis to hopefully stand out a bit. I am going to post the narrative I will...
big_red12321
1118 min 46 sec ago
0
banking-lite: modeling a small loan portfolioOne of the non-financial companies we look at has established a small loan portfolio which it intends to grow. I get inputs like gross loans written, APR, average loan life, average loss rate - so I have all the data I need to model the cash flows and intuitively I understand how it should work, my ...
theouchthetouch
017 hours 44 min ago
0
SB for Healthcare/Pharma/Biotech Industry PrimersI am looking for some healthcare/pharma/biotech primers, primarily from BBs. If anybody can provide copies of the most recent editions, particularly Deutsche Bank's "Global Pharmaceuticals: Pharmaceuticals for Beginners", they will receive 2 SBs for each primer. PM me please if you have any primers....
ikemblem
461 day 20 hours ago
0
PhD, engineer to Equity Research Hello. I am seeking some advice on breaking into ER from the experienced Monkeys here and would appreciate any input. I want to know if there is anything I can do besides networking like crazy. Do you think if it is beneficial to get my feet into finance first like some quantitative positions if ...
xuster12
01 day 22 hours ago
0
Research Associate Interview Help I have an interview at a buy-side investment manager coming up, I was wondering if anyone has any insight on how to best prepare for a Fixed Income Research interview. This is for an entry level research associate position. I would really appreciate any insight! ...
SLM28
12 days 1 hour ago
0
Equity Trader Role in International Country, Take it or leave it? - NEED ADVICE A little background about myself, currently in my third year in a prestigious, however non-target school (my school is way more known for accounting than finance), i plan to finish my degree with a specialization in finance and economics. My GPA is shit (2.4)! However, i plan to bring that up in the...
Elnar
22 days 18 hours ago
0
Modeling with QuartersFor 3 Statement Models, where quarters are used, how do you usually organize the financial statements? Q1|Q2|Q3|Q4|Annual|Q1|Q2|Q3|Q4|Annual or Q1|Q2|Q3|Q4|Q1|Q2|Q3|Q4| |Annual|Annual| Do you need to link the statements twice, once for quarters and once for annuals? Or do you just link the quarters...
shamgod208
32 days 21 hours ago
0
BAML Global ResearchHad a chance to talk with a MD in BAML Global Research. I feel like the in her words the job is pretty interesting. I wonder is Global Research kind of similar with equity research or more like a support team for S&T? What does they actually do? Thank you for your answers! ...
KevW
02 days 22 hours ago
0
LA researchHi everyone, Currently work in research at a BB but was interested in seeing whether there were any opportunities out in LA, and whether they would be from larger shops or smaller players. Thanks! ...
BananaHoarder
03 days 49 min ago
0
T. Rowe Price Fixed Income Associate Analyst InterviewI was selected for a first round interview through OCR with T.Rowe Price for a Fixed Income Associate Analyst position and was wondering if anyone could provide some advice on the company or any insight into their interview process. Thanks! ...
DaileyInsight
13 days 1 hour ago
0
do i need to learn VBA/Python/SAS my bachelor degree is in Interntaional Economics and Trade. i will go for a management master degree. Should i prepare CFA now or learn VBA/SAS/Python if i want to get the job doingindustry research in a security company or FA company and finally become a fund manager? ...
duckblue0228
13 days 2 hours ago
+1
MLPs: Time to back up the truck?MLPs have gotten killed this year and now sport a yield of around 9%. Outside of Kinder Morgan (which annihilated their payout and isn't technically an MLP anymore), I do not detect a decline in the quality of the businesses that remotely matches the price decline. Talk me out of loading the boa...
DickFuld
43 days 12 hours ago
0
Analysts Ever Mistreated by Management?Have any of you analysts ever been mistreated by management for giving a company a sell or underperform rating? Or perhaps someone has a link to a story of this happening before? The only example that I've been able to find is the story of Jerry Treppel and Biovail in 2002. ...
Premium1934
03 days 18 hours ago
+2
Why Does Nobody Talk About Equity Sales?I don't think I have ever seen anything recent on this part of a BB. Surprising since it considered FO and that is what most on this forum want. What do you guys see as the future of institutional equity sales? ...
BillBelichick37
91 week 17 hours ago
0
Young company valuationHi, So recently I was in a recruiting process for a position as an equity researcher for small/midcap tech companies. As a part of that process we were asked to do a small analysis of a firm. They were happy with my description and analysis of the firm and industry. However they were dissatisfied wi...
Aintnobodygottimeforthat
01 week 1 day ago
0
Hong Kong Accounting Standards for DummiesI've been trying to build an integrated 3-statement model for a Chinese (HK-listed) company and I have problems converting the Cash Flow Statement to the same template used in most modeling courses (the indirect method). Does anyone know what would be a good data source for learning more about this?...
AsiaInvestor
01 week 2 days ago
0
Barclays After The Bell 2016Hi guys! Is anybody here going to the Barclays After the Bell capital markets educational program on 09/22 in NYC? Looking to make some friends prior to the event :) Also, has anyone attended this event before and can give some insights about what the program is like? ...
dobby.likes.socks
41 week 2 days ago
0
Prudential Global Investment Management - Investment Research Analyst ProgramI was recently informed that I have received an interview for a full-time position at Prudential Global Investment Management. Has anyone on this forum heard anything about PGIM from a research perspective? Prudential Fixed Income manages 651 billion and Prudential Investments manages around 76 bil...
njfinance
01 week 2 days ago
+2
Any tips on how to read SEC Filings quickly?When running an analysis on multiple companies that might be of potential interest, going through the SEC filings is the most important yet most time consuming part of the process. 10Ks and 10Qs can go from 50 to hundreds of pages depending on the size of the target company. Anyone has tips on how t...
NassLaMenace
51 week 3 days ago
+64
Here is How Equity Research Works - 4 StepsI was motivated to make this thread after reading a lot of the other threads in this forum, about why certain top analysts are still on the sell-side. It appears that almost everyone who doesn't work on the buy-side or sell-side, or even a remotely close front office position fails to understand ho...
IamObama
1061 week 3 days ago
0
Equity Research Associate Salary? - Canada Hi everyone, I was going through the forum threads looking for research associate salaries specific to Canada, but didn't seem to find anything that wasn't dated or too general (not firm specific). I like to think that I have a pretty good idea of what the average base and bonus are for a first yea...
prokofiev
71 week 3 days ago
+1
T Rowe Price Associate Analyst ProgramDoes anyone have information on T Rowe Price's Associate Analyst Program? Is it ER or something different? Any ideas on responsibilities and *culture* would help my upcoming interview. Thanks! ...
1337
201 week 4 days ago
0
Could use some help valuing a start-up media companyDoing a start-up media company... financial services related in an emerging market. I'm not sure if anyone remembers me, but I use to "blog post" 2-3 years ago. Maybe the start-up will go the way of the blog posts... We secured some funding, but I'm trying to tidy up my projection/financial model. ...
G.M.Trevelyan
01 week 5 days ago
0
Research AnalystMy name is Evan Chen. I am a sophomore at Endicott College. I currently study Finance and minor in psychology. Last summer I did an internship at EFG Bank AG, Hong Kong. It was an eye-opening experience to the banking industry. Even though my parents have been in the banking industry for many years,...
Evan0418
41 week 5 days ago
0
TMT ER Career SwitchHi, I've read a lot of posts around here re. transfers but didn't find an answer specific to TMT. How hard is it to transition to ER to cover tech stocks as someone who has 2.5/3 years of tech work experience? Am I stupid to even consider this w/o an MBA given how hot tech is/has been? I did econo...
bayareaballer
21 week 6 days ago
0
Working in the IndustryAre ER groups allowed to hire people from companies that they cover? I'm considering taking a job at a large, publicly-traded company that's in an industry I would like to cover from an ER group. ...
sl55amg
01 week 6 days ago
0
How to transfer from Big4 Valuation to Equity Research?I am a recent graduate from a non target school, just joined a big 4 Valuation and financial modelling team in Hong Kong. My equity research experiences are only an internship in a mutual fund(institutional only), and a case comp in Uni. Guys do you have advices for me to break into equity research,...
ilww1314
02 weeks 3 days ago
0
Equity Research to Corp Dev - Is it possible to make this switch? After working as an equity research associate for a couple of years, is it possible to exit into a corp development role at one of the companies in your coverage universe? Is it a viable exit strategy for someone in ER? ...
streethawk44
62 weeks 5 days ago
0
Searching for TMT Primer Hey everyone, I'm looking for a 2016 TMT primer to gather general knowledge of the space. I have access to CS equity research reports on most mid-to-large cap companies and a few small caps that are largely uncovered. I also have a credit ratings primer (July 2016), a few healthcare, financial ins...
Thesituation
02 weeks 5 days ago
0
How should I answer this interview question?"If you could create the ideal finance job, what percent of your day would you prefer to spend on analyzing financial statements, writing, and speaking with clients?" I encountered this question recently for an equity research summer analyst position. Any ideas how I can best answer this question? ...
fine-nance
12 weeks 6 days ago
0
Is a career in Equity Research in London still worth pursuing as an undergrad? I have wanted to break into the equity research sector for a while now and have gained relevant internships to prepare for a summer internship in ER in order to get a full time role - however looking at the situation on the street right now has made me re-evaluate whether it is decision still worth ...
Dust
03 weeks 18 hours ago
0
Boston Sell-side Equity ResearchHey all, I am a second year analyst at a solid middle market bank in Boston, doing primarily Software M&A. I absolutely hate banking but I've gotten some good experience in my year and change on the desk. I'm looking to switch into ER but would like to stay in Boston. Does anyone know if there a...
kpx5ar4SSW
43 weeks 3 days ago
0
Breaking into Buy-side research from M&AHi, I'm very interested in breaking into a buy-side research/strategist role from M&A. My long-term objective is to be able to land a portfolio manager position. I have around 3 years of M&A execution experience from a reputable boutique bank and have the CFA Level 1. Background wise, I have...
queensbury
13 weeks 3 days ago
0
Minors: What should I do?Hey all, I am going to be a sophomore at a non-target (as my post history can tell) school with a Finance major, very interested in equity research which is why I'm posting here. My GPA is a bit low (<3.3), but right now I am grappling with the question of minors. I can do a Math/Econ double mi...
Rawrrawr
13 weeks 6 days ago
0
Standard Chartered for ResearchHi, I recently read of a very interesting graduate programme offered by Standard Chartered. I'm currently in college, but have completed two ER internships (sell-side boutique and large asset manager) so far. I'm now looking for a summer internship for my final summer before graduation. and if I get...
UK2013plus
24 weeks 1 day ago
0
No More ER AnalystsWanted to grasp on what everyone thought about this - as I can see both sides of the spectrum of this argument. Read an article from BI stating that with CRM (i.e. SalesForce, etc.) technology advancing in the ER workforce and ultimately cutting out some ER spots in firms. Firms are going to be pay...
John Rocker
144 weeks 1 day ago
0
How much of your analyst/associate's job is cold calling?Hi there! A little background about me: Bio major pre-med/dental in undergraduate. Currently in a masters program for bio again- will graduate in 2017. Decided to switch to finance earlier this year. Unsure if my masters in bio will help or hurt if i do end up going into equity research (guess I'm p...
tifstarx3
64 weeks 1 day ago
0
Anyone have Primers?Hey guys, I am looking to diversify my overall market knowledge and it is easy to pigeon hole yourself by only looking at one industry . Anyone have any primers they'd be willing to share? Preferably anything in the basic materials space, but I'm open to any and everything. ...
CanadianEnergyBanker
41 month 2 hours ago
+2
Equity Research - Why would you choose buy-side vs sell-side?Hi guys, So I want to do equity research. I know that there is sell-side and buy-side and, so far, I have a few distinctive arguments for both (see below). What I would really appreciate to find out is your views in terms of the experience quality that both offer. Thanks a lot! P.S.: Not trying to t...
MonkeyMogul
71 month 1 day ago
0
Verbal Offer Deadline - No Written Offer I've received a verbal offer from a MM bank for a position within equity research. The hiring manager requested I make a decision by the end of the week, and I have not received a written offer. Is it appropriate to ask to see the written copy ahead of time to look over? I'm not sure what is the ...
MrMonkey2U
11 month 1 day ago
0
How to break into ER w/ little experienceI recently completed my MBA and a non-target school which I rushed into after graduating. From Maine and had little exposure to financial markets and large industries. During grad school I really started to focus on career routes and got interested in Equity Research. At this point, fields such a...
TRossW20
41 month 3 days ago
0
eduCBA v BIWS v Wallstreet PrepLooking to get some more tangible excel financial modeling experience using real world examples. Is anyone familiar with these three different equity research training platforms? If so, which seems to be the best? ...
TRossW20
01 month 4 days ago
0
Entering Senior Year with a 3.3 GPA at a Target - Chance for FT Equity Research Recruiting?Title basically says it, I'm entering my final year of university at a target in Canada Ivey/Queens with a 3.3 cGPA and a boutique investment banking internship under my belt. I'd love to work full time in ER, but I'm worried that my GPA will hold me back. Sitting CFA l1 in December if it makes a d...
Y2Ceh
01 month 5 days ago
0
Any other boutique ECM divisions getting destroyed?Figure the answer is yes, just want to verify. Banking has been sluggish as well, compounding the problem. ...
FryChicken5
01 month 6 days ago
0
Senior at non-target, need short-term adviceI'm currently starting my senior year at a non-target (DePaul). The full-time job search for Finance is coming up, and I'm a bit overwhelmed, and worried I won't take the right steps. Some info about me: -Currently work at a small research firm (2 others aside from myself) which few employers would ...
lbajessu
11 month 6 days ago
0
Becoming a portfolio manager- Where do i start?Hi everyone! I'm just in the beginning stages of really taking action on this journey of becoming a portfolio manager- not right out of college, but wanting to take the right steps that will get me there 20-30 years down the road. I find it vastly interesting to research companies, look for trends t...
TRP
61 month 1 week ago
0
How are interns/new hires allocated to sectors?I'm going to be an equity research SA next summer and I was wondering if any ER-types who have made hiring decisions could chime in on how interns are allocated to sector teams. I met a fair amount of current VPs/MDs from different sectors during my interview process (a lot of the superday group in...
Drummond
91 month 1 week ago
0
FT recruiting?Does anyone have any insight on FT recruiting for ER? Unfortunately I didn't summer in an ER role but am curious if BB/MM/boutiques is doing ER FT recruiting. I imagine I may have missed the boat but does anyone have an idea of who's hiring (if anyone) and what the timeline's looking like? ...
OleBurnSides
01 month 1 week ago
0
Equity research in FranceDo you have any insights / information about equity research industry in France? (companies, how to break, etc.) Thank you ...
ahmedtaieb72
01 month 1 week ago
0
Raise: We don't say yes, we don't say noHello everyone, I could use some advice on my current situation. My situation in bullets: - Joined equity research two years ago in Germany as a newcomer/analyst level - Low salary in comparison to peers (wont tell to stop you from laughing) - Took over a full coverage of 9 stocks as lead analyst af...
Kazar
231 month 1 week ago
0
How to deal with exchange rates when revenue is consolidated per regionHi guys! I'm doing equity research for the first time and I'm wondering how should I proceed when having consolidated revenue by region (e.g Africa, Latin America, etc.) to convert it to a given nacional currency (as US Dollars or Euros). Is there something like a "basket" of currencies for each reg...
jrodrigues
21 month 1 week ago
0
How to factor in new M&A in a DCF?Currently doing a SOTP on a company in my home country. They're going to start distributing a new product after a recent acquisition and as such no info regarding this new business segment is out on their financial statements as of now. If I were to choose to not factor in this new business segment,...
Quietus
01 month 1 week ago
0
Please have a look on my valuation model - Vitasoy InternationalHi all I'm a newbie of equity research. Can you please have a look on my model and share your opinion with me? This is a Hong Kong beverage firm. Thank you very much. ...
Yi Hao-Tan
11 month 1 week ago
+1
Buy/Hold/Sell, do you put your money where your mouth is? I was always interested in this field and had a question that I wanted to address to Analysts or people with knowledge in this domain, How many of your own Buy/Hold/Sell recommendations would you include in your personal portfolio aka IRA account? Are ER Analysts under pressure to maintain a favorab...
NassLaMenace
61 month 1 week ago
+1
Why do people rely on analysts' estimates although they're usually wrong?Three ways that investors might try to forecast current-year earnings: 1) Use analysts' estimates 2) Assume results will approximate last year's earnings 3) Calculate an average of the last several years' worth of earnings. Of the three alternatives, analysts' estimates were the worst predictors of ...
fine-nance
151 month 2 weeks ago
0
CFO Resigns After Throwing Macquarie Analyst Out of Meeting RoomPAX CFO Resigns After Throwing Macquarie Analyst Out of Meeting, original article: http://www.bloomberg.com/news/articles/2016-08-17/... The Analyst was the only one to release a bearish rating on the firm out of 17. -> CFO Reaction: "Kick the bear out of my room" -> Final outcome: CFO Resigns...
NassLaMenace
11 month 2 weeks ago
0
Bloomberg - Commodities and Precious metals indicesHi All, I wanted to use the proper commodity prices in order for me to analyze the raw materials cots for a company i am analyzing. I found a ton of indices and not sure what is the right index to look at for gold, oil, copper aluminium etc. Shall i look at the spot or the forward rates? I got a bit...
GhosT312
11 month 2 weeks ago
0
Made my first DCF on Wal Mart. Please rip it apartIf someone could explain why my sensitivity table on the last page isn't correct and how to fix it, that'd be great. ...
charizard123
41 month 2 weeks ago
0
Sales Assistant --> Junior Institutional SalesI've been working at a boutique equity research shop for the past 11 months and am hopeful to get the bump from an assistant to a salesperson within the near future. The associate of the company that I replaced when he/she received their promotion has been having a rough time getting "accepted" onto...
fluff head
11 month 2 weeks ago
0
Beta - Different from Various SourcesThe Beta of a company is different from various sources (i.e., Yahoo! FInance, Bloomberg) and can have a significant impact on the valuation. How do I decide which source to use for the Beta value? ...
ifailedfinance
81 month 2 weeks ago
0
Equity Research prospects in Australia?What are the Equity Research prospects like in Australia? I'm currently in high school and I've figured out Hedge Funds and AM in general isn't very large in Australia. I was wondering if that was the same for Equity Research ...
Wolfofgeorgestreet
21 month 2 weeks ago
0
Earnings Estimates QuestionsHey guys, I'm trying to do a bit of research into what tends to make share prices move significantly following the release of earnings reports. 1. Could someone refer me to a source where I could quickly gather earnings estimates from a number of different analysts? 2. Also, assuming what drives sha...
dominatingna
21 month 2 weeks ago
0
Developed economiesPlease help -- Which developed economy would you go long on? Why? As of 2016, I don't think any but what do you guys think? ...
gs129
01 month 3 weeks ago
0
SERIES 86 .. failed .. lost .. confused .. Will appreciate immediate feedback!Friends, The Series 86 exam today has put me in a state where I doubt all my knowledge, financial background, and skills obtained & learned over the last few years on the street. I might sound like a person IN SUPER NEED OF CONFIDENCE but the fact is that I failed it by 7-8 points today and for...
bankster2010
331 month 3 weeks ago
+11
What would you like to know about Equity Sales / Research?Hi Guys - I'm working on a blog (or maybe ebook) to give junior staff and interns an idea of what it's REALLY like to work in the equities sell-side business at a BB. For starters, I'm at a top 3 BB based in Asia contributing in an equity sales front office function. Since I joined in Nov. 2008 duri...
Shorttermbuy
731 month 3 weeks ago
0
Training for fresh analystDear All, I am thinking about training program for fresh analyst. We are working in frontier market and lack of some practical training for fresh analyst. Please kindly tell me how fresh analyst trained in your company? Does your company have some course for them? In my opinion, I think some course ...
sharehunter
11 month 3 weeks ago
0
Outsourcing Equity ResearchI'd love to work in equity research, but as a Sophomore in college, how likely is it that equity research will still be around in the US 10 years from now? I honestly think there is a limit to how much can be outsourced, because analysts need to meet with management of the companies they follow, and...
Hooked on LEAPS
101 month 3 weeks ago
0
Industry PrimersI'm looking for some industry primers on TMT, Industrials, Financials, and Consumer. Please PM them to me if you can. Appreciate your help. ...
WallStreetHope
151 month 3 weeks ago
0
Equity research reports - BB technology TMT industry reportsmsg me if you would like copies - comprehensive industry reports - full length ...
wallstreet_hacks
141 month 3 weeks ago
0
Equity Research - buy sideHello, I am considering doing an MBA in a top program. I want to get into the buy side as an equity research analyst. I wanted to know what companies will you recommend that provide the necessary training to excel in this field. I went to a top undergraduate business program, but I have a limited fi...
alucar2000
01 month 3 weeks ago
0
From operations to Equity Research Looking for advice on breaking in to equity research after 1yr in operations at BB and another 2 with a SIFI Custodian. for the past two years ive been following the markets on a daily basis to gain a better understanding of its intricacies. Ive also enrolled in the CFA program (sat for level 1 in j...
ee3richards
61 month 4 weeks ago
0
Level I CFA resultsHow long does it usually take them to release scores? I can't find a definitive date anywhere online. ...
Stichomythia
31 month 4 weeks ago
0
Insights into Capital Group's Investment Group Information Resource (IGIR) Associate position?Does anyone have any insights into the Capital Group's Investment Group Information Resource (IGIR) Associate position? It doesn't look quite like equity research, more like doing research for investment analysts. Any information would be great (actual work, comp, exit opp, MBA boost etc.) Thanks in...
WallStreetJunkie123
21 month 4 weeks ago
0
Equity Research Salary? (Straight from Undergrad/Big 5 Canada)Hey everyone, I am just starting a full time ER associate position in a Big 5. I am coming straight from undergrad with 85k base. I was wondering where my final salary might be? Specifically, what my bonus amount might be. Thanks! ...
Btown93
21 month 4 weeks ago
0
Can Someone Take a Look at My Model (Especially the Debt Model)Hey guys, having some trouble with a model. This is just for practice; I'm modeling The Cooper Companies. In their 2015 10k, they mention they have "890.8 million available from Revolving Credit Agreement". Is this supposed to be their revolver? I'm not sure how to model this into my debt/revolver s...
ifailedfinance
61 month 4 weeks ago
0
FitBit Beats Q2 2016 Earnings ExpectationsFitbit Inc (FIT) reported lower 2Q16 results, hurt by higher expenses. $FIT said net income declined 64.4% to $6.3MM, or $0.03 per share from $17.7MM, or $0.07 per share in the year ago quarter. Revenue rose 46.47% to $586.5MM. During the quarter, United States, its largest revenue contributing geog...
Leroy John
01 month 4 weeks ago
0
Modeling Help with Cash BalanceHi guys. I'm practicing modeling a company and came across something weird. I have projected next year's cash abalance to be 220k, and the 4 years after that are 10-12k. The company's most recent year reported cash was 16k. The 220k obviously looks alarming...but the company has reported very little...
ifailedfinance
42 months 5 hours ago
0
Terminal Value too High; What to do?My terminal value / ev is 90%. What should I look at to find out what I did wrong? ...
ifailedfinance
72 months 15 hours ago
+3
BB&T cuts entire ER departmenthttp://www.cnbc.com/2016/07/28/bbt-cuts-jobs-as-it... Surprised that this wasn't here already. But for any aspiring equity researchers (looking at those ppl who've messaged me as of late asking for advice), this is the risk of entering a field in decline. I remember BB&T was hiring not all that ...
Braininajar
102 months 1 day ago
0
Industry analyst jobIs there any job as an industry analyst? The job will rotate you through different industries, which gives you great insight of industries. ER tends to put you in a specific industry. I am undecided which ones I'd like to jump in. It will be great to understand the industries and then make the decis...
dreamworks
02 months 2 days ago
0
Associate base in ER NYC?Hi All, I am currently an associate 1 in equity research in London (MS/BAML/JPM), considering an internal move to the NYC office. Was wondering what base salaries are in research these days in NYC? I know the London levels were set in-line with NYC but with the sterling move not really sure what thi...
corto maltese
02 months 3 days ago
0
BB&T Capital Markets ClosingHaven't seen any discussions on this, but I saw a client's e-mail from an MD there, saying BBT's Capital Markets group is closing shop. Quick Google search confirmed it.http://www.bloomberg.com/news/articles/2016-07-28/... ...
RobberBaron123
12 months 4 days ago
0
Help with financial modeling assignmentHi all, I'm new to this forum and I'm looking for some help. To provide background I'm in the final stages of securing an entry level equity research opportunity. As part of the interview process I am required to complete a financial modeling assignment in which I need to build the income statement,...
shawnb06
62 months 4 days ago
0
Morgan Stanley ER 1st Round - Writing and Modeling TestHi Everyone, I've applied to an equity research associate position at Morgan Stanley and as part of the initial screening, I was told that I need to complete a writing and modeling exercise. Does anyone know what this entails? Sorry if this is a stupid question, but I have no clue what this is about...
cynicalhbk
52 months 4 days ago
0
Who is investing in Amazon stock after earnings? Isn’t is simply too expensive. Five straight profitable quarters for Amazon!! The company is known for investing in growth over profits. During this quarter, net income was $857MM or $1.78 per diluted share compared to $92MM or $0.19 per diluted share in the prior year quarter. Net sales were $30.4Bil, compared to $23.2Bil in 2Q...
Leroy John
02 months 4 days ago
0
Topics for Fall Equity Research InterviewsSimply put, what is everything a student should know going into an internship interview for Equity Research this fall? Examples from past interviews and/or emphasis on current events would be appreciated ...
patrick99
12 months 4 days ago
0
Is Facebook Valuation too High? How many agree? Facebook has a lot of room to grow. It has even evolved tremendously over the past few years. Even in the current quarter, Facebook smashed Earnings, With Monthly Active Users Up by 15%. Take a look at this Facebook Infograph https://alphastreet.co/b8b9adfa ...
Leroy John
02 months 5 days ago
0
Minimum lease payment significantly less than rent expenseHi, Guys! I am looking at one company that stated that the *future minimum operating lease payments* will be $769,000 in 2015. In the 10-k for the next year, the management shared information that the rent expense they incurred in 2015 was $1.7 million. The company leases two properties: - 208,120 s...
Hefore
22 months 1 week ago
0
Boutique Equity Research vs Credit RiskI need to decide between 2 offers: credit risk covering TMT & A&D and and ER covering healthcare. More info about the offers: Credit risk - large bank (think top 10), 85k base + 30% bonus (better benefits too), liked the people i met with. Equity research - boutique, 80k base + 20-30% bonus...
cattle bruiser
42 months 1 week ago
0
Costco ValuationHow should I reflect the sale of their credit card business in the pro forma statements? I'm not sure which account/line on the income statement this will affect when making these projections? ...
sdin95
02 months 1 week ago
0
IHS Markit Market AnalystHow is IHS Markit (IHS and Markit recently merged) viewed in the wallstreet research community? Is it a good opportunity to break into equity research? Looking for any sort of thoughts you all have on the firm? Thanks in advance ...
Ion26
02 months 1 week ago
0
When to apply for ER Associate jobsHi Everyone, I am a biotech Ph.D. who is currently set to graduate in September. I was hoping to get some feedback from some people currently in the sector about how close to graduation I should be before starting to apply for ER associate jobs. I have a solid amount of experience from a startup bu...
misternysguy
12 months 1 week ago
0
Sterne Agee/CRT Shutting Down Capital Markets Division - Research/Sales/IB Impactedhttp://www.wsj.com/articles/aquiline-capital-partn... Was trying to reach out to a contact of mine at the firm when their auto-reply email said they were shutting down. The link above says the capital markets division (research, sales & trading, and investment banking jobs) is being shut down. D...
Dazed_Iam
32 months 1 week ago
0
Breaking into Equity Research and Hedge Fund AnalystHello, So a little background before i get to my question. Roughly a year ago I moved to the east coast for a job. I am working with a brokerage firm right outside of Stamford CT. At first I thought sales was what I wanted to do. However, after studying for the series 7 and aiding the senior partner...
Barge736
22 months 6 days ago
0
Collateral worth more than the amount owedCould you please help me check if my understanding is correct: the bank issues a note payable that is secured against an asset whose value exceeds the amount of the loan. If the company is unable to repay the loan, will the bank keep all proceeds received from selling the asset? ...
Hefore
12 months 1 week ago
0
I/B/E/S alternatives or competitorsGood morning, Are there any good alternatives for Thomson Reuters IBES database? The closest thing I could find is Zack's Investment Research by Quantdl, but the data seems pretty limited. Thanks ...
jc32886
12 months 1 week ago
0
Valuation Question - Returning Cash to ShareholdersHey guys I was on the phone with an analyst the other day talking about a company I was covering (it pays to network!). He said that returning cash to shareholders that the company has not earned does not create value for shareholders. Some background: - The company operates in a niche market - Maj...
Dazed_Iam
62 months 2 weeks ago
+21
Ask a VP in Equity Research anythingI haven't seen one of these in a while, so I figured I would start one. I am a Vice President in equity research, with coverage of a selection of stocks (from mid to small cap firms) within a large sector. I'm at a top 10 bank. Ask me about how the industry works, lifestyle, recruiting, compensatio...
Fanalyst
1062 months 2 weeks ago
0
Best projections practicesThis forum is mainly to share ideas about best financial projection methods. I hope everybody participate. ...
Ahmedfeps
02 months 2 weeks ago

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