Tips for getting into VIC?
I have read a few stock pitch template articles online but just wanted to know any specific tips to getting in. I'm no way expecting that I will get in on first try (or even ever) but I just wanted to try out and maybe see if they give any feedback.
Also have a specific question, are they super keen on having detailed models?
I don't think having detailed models is that important, but I am curious how selective they are as well
You can't attach a model or include exhibits in the submission anyway. The best way of having an application approved is to have a very succinct understanding of the business and whether its good or bad, some "variant view" vs. the market, and a catalyst thats going to unlock value. The easier your thesis is to understand the better you'll be. The pool of reviewers is high quality so assume your write up is going in front of an experienced PM. Most people can't get in because they don't know how to sum up an idea or don't actually have a compelling thesis other than trades x vs comps etc
So in a way at least for the application, they have more focus on qualitative analysis and of course in addition to backing it up with numbers?
interested as well
anyone know of other platforms similar to VIC?
SumZero
VIC member here:
I think VIC is concerned with qualitative misunderstandings leading to quantitative value differentials, as ambiguous as it sounds.
The objective of your writeup should be to show that the market is misunderstanding something about the business and the stock, which can be expressed as variation from consensus and Valuation(esp. important- this is VIC, not a pod shop). There should also be some form of catalysts to make them realize it. I think the 1b -5b mkt cap range is a good place to hunt.
Seeking alpha type articles won't cut it, is all I can say
It's fickle and you get no feedback. I submitted something that got rejected and the same idea was published like 2 months later with the same fundamental catalysts. Broadly though the feedback in this thread is accurate in terms of needing clear catalysts and explanations of what the market is missing.
what do you think was the difference between your submission and the idea published?
The published one was from someone who already a member and they included more stuff (charts model outputs etc.) which new members can't put in their initial pitch - maybe some incremental detail that I didn't have. Maybe I wasn't as eloquent as he was haha?
Part of something like this happening has to do with the fact they keep a lid on VIC membership so for someone to come in someone has to leave
we must be living in different worlds. people have trouble getting into VIC ? this isn't 2010 when VIC was way more exclusive. if you're a full time ER or AM or HF employee you should be able to get into VIC in 30 minutes, most of which is spent typing . they feel half a step above seeking alpha at this point, given someone else in the thread drew a comparison. today the write-ups there are very low quality consensus-y type pitches that you'd find in an above average ER report.
Well, sunny329 doesn't need to hustle so hard for a job anymore. It has been downhill for VIC since then.
Agree for the most part except that the pitches submitted by incumbents are not really representative of what is required to get in. Some of the incumbent pitches are downright embarassing/twitter level analysis and I highly doubt those would cut it for a new member, just because of how blatantly surface level they are.
do you think it has become easier to win VIC contest given that more incumbents are half-assing pitches to keep their membership active?
can I apply with a company smaller than 200mm?
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