Pitch ADR in Interview?
Is it wise to pitch an ADR in a buy side ER internship interview? Or should I stay U.S.?
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if you know the country well, go for it, but I'd say exercise caution, many companies overseas do not view accounting the same way as here in the US. I'm not talking IFRS v. GAAP, but more along the lines of aggressive revenue recognition (the Swiss & Germans don't do this), intentionally depressing earnings, things like that. it's certainly not a bad idea, my firm's US analysts will cover companies that are domiciled elsewhere, but I'd only look at an ADR if it's the stock you know the best, you shouldn't do it for extra "points" in my opinion.
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