I'm sure you've all been waiting with bated breath to look at some amateur's first try at an ER report. Hopefully this won't be an utter and complete waste of your time, but I somehow suspect it will be. So, for those of you kind enough to take a look at it and offer some constructive (or unconstructive) criticism and/or editing notes, let me thank you in advance.
Yesterday I posted a question about some of the funnier aspects found in an ER report and after reading everyone's experiences, I was able to make some key changes to my "report" namely, a better title. Now, is my new title funny, original, or the least bit entertaining? No, it's dumb, but hey, gotta start somewhere, right?
At any rate, I'm not kidding about the free beer if you take a look at it, but I do have a few caveats so that I'm not shelling out several thousand dollars on you hard drinking monkeys out there:
1) You need to live near me, which, sadly for most of you, is Richmond, VA. Since this site is called "Wall Street" Oasis, I suspect out of the 40-50 thousand users, this probably means there's 9 who live in this area. But, if there's a lot of response (highly unlikely given the request), maybe I'll come and park a keg in Zuccoti Park or something (assuming there's no dirty hippies in the area.)
2) In order to get said free beer, when we meet, you'll need to be prepared to discuss it constructively for, let's say, 3-8 minutes.
3) At some point in your career, someone needs to have paid you to do equity research. So, if you're some college junior at University of Richmond, stick to the comments section, it's not that I don't care what you think, it's just that I'm not willing to pay for it.
I should note, I'm actually fairly good at modeling, but most of my work is with actuarial models as opposed to financial models, so I've tried to keep the valuations simple so I don't look like a complete idiot. Also, my professional career and college coursework have all been mathematics, so my level of financial analysis knowledge is limited to what's in the CFA level 1 material (passed in June!) So, expect stupid errors.
Anyways, thanks again to everyone who takes time out of their day to take a look at this. I'm sure it's awful for a variety of reasons, but I've tried to support my conclusions the best I could. Looking forward to hearing what you think.