Walker Research Publishes 1st Reports, Provides Hands-On Experience in Equity Research

Oct. 29, 2015

Walker Research Publishes 1st Reports, Places Students in Equity Research
Students visited LMI Aerospace and talked with the CFO.

The Walker Research program has published its first four in-depth equity research reports on local, publicly traded companies: American Railcar Industries (ARII), Huttig Building Products (HBP), LMI Aerospace (LMIA), and Peak Resorts (SKIS).  

John Stieven, CFA, program director and senior adjunct faculty, says the program provides students with a unique opportunity only available at one other university in the United States.

Launched this fall, the program connects undergrad and graduate students with hands-on experience and the "tricks of the trade" in equities research. Teams of three or four students meet with top management of publicly traded companies, receive extensive training in the field of equity analysis, develop financial models, and then publish an in-depth investment research report which is distributed to institutional and individual investors.  

"Along the way, we bring in senior equity research analysts to teach them the tricks of the trade and introduce them to an economist from the Federal Reserve Bank of St. Louis," Stieven said. "All of these things show students what life as an equity analyst is like."

With the unique nature of the program, the experience can help provide students with a differentiator that sets them apart when looking for a finance job.

"They are meeting St. Louis’ top equity research analysts and senior management and learning about their business and culture," Stieven said. "Their research appears on the Internet next to reports from Goldman Sachs and Wells Fargo. These are the kind of things that can make a difference as they go on interviews and launch their careers. We've already had companies let us know about openings our students could fill."

The program continues in the Spring. Enrollment is very limited -- 12 graduates and four undergraduate spots -- so students are encouraged to sign up early. Space is still available for Spring 1.

FINC 5850-01 meets on Monday nights as a 3-credit-hour class. For undergraduates, enrollment is limited to finance majors in the second semester of their junior year or senior year. 

For questions, contact Stieven at stievenj@webster.edu. Learn more about the program at blogs.webster.edu/walkerresearch.

Note: Walker Research reports are produced solely as a part of an educational program in Webster University’s George Herbert Walker School of Business & Technology. The reports are not investment advice and you should not, and may not, rely on them in making any investment decision. You should consult an investment professional and/or conduct your own primary research regarding any potential investment.

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