Class
Meeting Week and Days |
Topics (Chapters refer to Damodaran, Investment Valuation) |
Projects
and other Deadlines |
Week
1 |
Macro Aspects of Investing -- the Macro Economy and
the firm |
Groups will be formed. |
Week
2 |
Chapter 4: The basics of risk -- CAPM and Models of
Default Risk; presentation on StockVal; Initial stock screening. |
Groups will start writing up a report on the Macro
economy; a draft will be submitted. |
Week
3 |
Chapter 7: Riskless rates and Risk Premiums |
Final macro-economy write-up due. |
Week
4 |
Chapter 8: Estimation Risk Parameters and Cost of
Financing |
|
Week
5 |
Chapter 9: Measuring Earnings |
The groups will choose firms to focus on. They
will write a report on the industry, laying out earnings drivers for the
industry, prospects, relevant valuation models, accounting issues to keep
in mind, etc. |
Week
6 |
Chapter 10: From Earnings to Cash Flows |
Industry report due. |
Week
7 |
Chapter 11: Estimating Growth |
Presentation of report on financial statement restatements for the firms, taking into account non-recurring items, capitalization of operating leases, R&D etc. |
Week
8 |
Chapter 12: Estimating Terminal Value |
Presentation on growth estimates for the different
firms. |
Week
9 |
Dayton Trip |
Initial Write-ups. |
Week
10 April 3 |
Chapter 13, 14, 15: Choosing the Right Model |
|
Week
11 |
Valuation |
DCF Valuation Models due. |
Week
12 |
Stock Research Report Presentation |
Evaluation of Existing Stocks. |
Week
13 |
Stock Research Report Presentation |
Purchase/Sale Decisions |
Week
14 |
Stock Research Report Presentation |
Purchase/Sale Decisions |