They are looking for intellectual power and commitment to equity research. This was a first round on-campus interview which was around half an hour long. The next step would have been a modeling test. What things do you look for when screening and how would you determine a good company to be used for an interview stock pitch? Many finance interviews will involve a stock pitch. Analysts target price of $29.50 vs $36 dollars. ... Each ended with a market sizing case study. The process took 4+ weeks. Interviewer: Now what are you going to pitch to me? They invited me to participate a super day interview in New York to meet couple senior analysts and I was asked to finish a test (Very challenging from my perspective). Balance sheet make sure retained earnings is increasing. Appendix: Acquisition of Canadian oil sands ~$6.9BN EV including $2.6BN assumption of debt. Suncor lives within cash flow for $40 WTI – $6.8BN in operating cash flow in 2015 ahead of $6.2BN in capex and has $1.45Bn in discretionary dividend. However due to the economies of scale that the market feels are not yet derisked, EnCana has tremendous growth opportunities. I interviewed at Sanford C. Bernstein (New York, NY). Mostly straightforward questions...perhaps the one was what's your favorite book? I applied through college or university. Currently trading at 52wk low (mostly reaction from low Q3), Trading lower than sum-of-parts ($17/share), Focus on ecommerce will help increase sales and high cost margins will eventually subside once the company adjusts. Each interviewer will do a case with you. I interviewed at Sanford C. Bernstein in March 2017. It is not difficult to send people a polite disqualification email.Again, not a hard interview but dealing with HR is rarely a positive for the interviewee because HR is looking for specific profiles and less apt to an open evaluation of straight-up ability to excel in the job. Almost everyone I spoke with had some consulting experience in the past. Stock Pitch Example: How to Use Valuation to Outline a Buy-Side Stock Pitch (26:05) You will outline a stock pitch for Jazz Pharmaceuticals in this lesson, and learn how to make a decision when the numbers are ambiguous, as well as how to support your arguments with data and how to discuss catalysts and risk factors in a convincing way. Basic case study (along the lines of how many starbucks are there). Sorry, this post has been removed by the moderators of r/SecurityAnalysis. Your trust is our top concern, so companies can't alter or remove reviews. Sources: Gilead Sciences, drugs.com, Food and Drug Administration, JP Morgan Equity Research Treats chronic Hepatitis B (HBV) Used in combination therapy for HIV-1 On World Health Organization’s List of Essential Medicines Generated $1.06 bn in revenue in 2014 Patent expires in 2018, leaving just over $3 bn in Only one asked for a stock pitch. Suncor increases its working interest in Syncrude from 12% to 49% with a 20% increase in 2P reserves to 9.1BN barrels. Joint venture with Simon Properties (HBS Global Properties), and the with RioCan (RioCan-HBC joint venture). Glassdoor will not work properly unless browser cookie support is enabled. First oil for FCF generating projects to come online (Hebron, Golden Eagle in Newfoundland – easy to extract light oil). How to Answer: What Are Your Strengths and Weaknesses? Currently Shopify is trading at over 20x sales (although free cash flow positive). I did not get an offer. Suncor also has 462kbpd refining capacity and substantial marketing operations. After couple days they asked me to sit in the office to listen to a conference call and develop a research report, which mocked the real-time business situation. I don't think she understood all of the concepts I discussed and she was trying to write it all down so that she could relay the answers to someone else. Need help with stock pitch for equity research interview. High Rent/EBITDAR = 71% (57% after netting out rent paid back through Joint Venture for real estate portfolio). Is it a value or growth or something else story? Applied online, and received a phone interview with the Head of HR. Purchase of COS. At a stage in a cycle with various motivated sellers where it is more profitable full cycle to buy versus build and without any other obvious buyers with adequate balance sheet sans Imperial (Exxon’s recent $12 billion debt raise may be focused on other acquisitions worldwide).