Hi all,
I have an interview coming up and I pretty much expect a stock pitch question.
I was wondering if for sell-side it's best to go for a large/known company that is even covered by the same bank, and try to maximize the thesis creativity. Or present a truly unique and exotic special sit in an unknown foreign small cap.
Trying to balance between impressing and sticking to the role of ER in SS.
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In my experience, it doesn’t matter. No one actually gives a shit about the company you pitch or the stance you take and its unlikely you’ll have a novel idea.
The point is to mostly see how you think and present your stance, answer follow ups, etc.
Thank you. I think that if I'm pitching something that they cover the follow-up will be tougher, while if I go with an obscure special sit they will have little to discuss.
Pitching a name under the analysts coverage is generally not a good idea. Also, if you’re good, then you should actually want them to have a lot to discuss. The Q&A is where the work you put in and your thinking is actually on display. Anyone can spew a simple pitch imo.
I agree with that, on the Q&A being the most important phase. Unfortunately, I don't know who will interview me and I'm not sure if they are the ones covering the name I'm pitching. I will make sure to be very prepared.
Thanks.
Pitch smaller caps, SS tends to cover larger caps (but there are small-cap specialists). I would pitch a US name if you are interviewing in the US tho. Avoid complicated thesis.
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