Press-Republican

Local News

March 7, 2012

PSU students are top contenders in stock competition

Investment clubs are among leaders in management bout

(Continued)

PLATTSBURGH — The students then looked at large companies within those sectors, such as Apple and Perdue Farms and tried to find small-cap companies with similar models to add to their portfolio.

"It's cool that we got an opportunity to manage this different branch of stocks," Linder said.

ENDOWMENT

For the past year, the main focus of Plattsburgh's Investment and Stock Market clubs has been to manage the $10,000 endowment received last year from the college's School of Business and Economics.

Unlike the group's Adirondack Cup portfolio, the endowment is real money, which the students are working to invest wisely.

Still, students said, competing in the Adirondack Cup has been valuable for the group.

"It more about the learning right now," said C.J. Saunders, the clubs' lead analyst.

RESEARCH METHODS

Khary Ward, Plattsburgh's assistant portfolio manager, explained that many of the other schools involved in the cup have trading rooms with Bloomberg Terminals to aid in their investment decisions.

The Plattsburgh team, however, does not have access to such tools and instead uses free services, such as Yahoo! Finance, to investigate stock options.

Saunders said his group is happy with its final picks and hopes its investments will ultimately emerge as better choices than those of the competition.

"We're good where we're at, so we're kind of hoping they (the other teams) make a mistake," he said.

The team that wins the Adirondack Cup will be given the chance to share its investment thesis with Roeder and Reiner at a special luncheon in Albany on April 19.

Who that team will be, however, remains to be seen.

"The market is volatile, so we don't know what's going to happen to the stocks," Ward said.

Email Ashleigh Livingston at: alivingston@pressrepublican.com

Text Only | Photo Reprints
New Today
Local News

North Country Scenes


Click on photo to view gallery with latest photos

FYI...