PPT-Market Expectations Alexander Motola, CFA

Alexander Motola 2013 1 Expectations This is the key difference between theory and practice This is probably the lecture from this class that most relates to actually making money in the stock market. Introduce precise claims distinguish the c laims from alternate or opposing claims and create an organization that establishes clear relationships among the claims counterclaims reasons and evidence b Develop claims and counterclaims fairly supplyin Ronan Lyons, Trinity College Dublin. Irish Economic Policy Conference. Institute of Bankers, January 2014. Overview. I will present evidence on house price expectations across the various regions of Ireland…. 24 September 2013. Review of Richfield operating structure and proposed positioning for Alexander.. 2. AGENDA. 3. 4. RHI IS AN ESTABLISHED HOTEL MANAGEMENT COMPANY. Richfield was founded in 1968 as . Visual Art Foundations. Alexander Calder. 1898-. 1976. Parents were artists. Began sculpting with wire. Invented the mobile. Creates large sculptures called Stabiles. Went to school for . engineering. Key questions. How had Alexander II (1855-1881) brought change to Russia?. What factors brought change in Russia in the period 1881-1924?. What problems did Alexander III face when he became Tsar?. How did Alexander III deal with threats to Russian autocracy?. The Greeks at War. AIM: . Why . were . the conquests of Alexander the Great important to the development of the Western World?. Do Now: . Quiz. Write Down Aim in Notebook. Thermopylae. “. Stranger, go tell the Spartans that we lie here in obedience to their laws.”. Alexander Motola, CFA. Alexander Motola, 2013. 1. Initial Public Offerings. Company decides to go public, often with the advice/assistance of an investment bank. An S-1 is filed. Although the bank helped with the S-1, the syndicate department doesn’t spend any time on marketing the company until the IPO is imminent. (and a little . Behavioral Finance, . time permitting). Alexander Motola, CFA. Alexander Motola, 2013. 1. Initial Public Offerings. Company decides to go public, often with the advice/assistance of an investment bank. Alexander Motola, CFA. Alexander Motola, 2013. 1. What is “Valuation”?. It is NOT the stock price. It is NOT the market capitalization. Is a $50 stock expensive?. What if it was $25 3 months ago?. Alexander Motola, CFA. Alexander Motola, 2013. 1. Biography. Portfolio Manager. US Growth, Intl Growth, Hedge Funds, GARP, Growth and Income, Value/Growth. Twice listed in Barron’s “Top 100 Fund Managers”; 7 Lipper Awards for best risk adjusted performance . Alexander Motola, CFA. Alexander Motola, 2013. 1. Modeling Growth Businesses. How the markets works; expectations based investing. What is “Net Revenue”. Overview of Modeling Approaches. How does the CEO get paid? (Proxy). Early Life. Tutored by Aristotle. Never had a close relationship with his father.. Consulted his mother for advice.. The oracle of Delphi. “The sacrificial victim was ready and the . sacrificer. at hand.” . Mergers & Acquisitions Alexander Motola, CFA Alexander Motola, 2013 1 Motivations Bigger is Better (“Ego”) Compensation Desperation MSFT for YHOO; TW for AOL Strategic GILD for Triangle Consolidation Role of Expectations. Expectations are important in every sector . and market in the economy. . 1. Asset demand and the determination of . i. 2. Risk and term structure of . i. 3. Asymmetric information and financial structure.