Back At It!

Hello DCOB!

FIBER is back at it ready to help you pursue your passion and career goals!

If you have a hunger to learn more about the differing career path your passion for finance, accounting, and economics can take you down, then FIBER is the place to be.

We work on developing the skills needed to pursue careers in:

  • Investment Banking
  • Equity Research
  • Sales and Trading
  • Hedge Funds
  • Financial Planning
  • Corporate Accounting
  • Financial, Planning, & Analysis (FP&A)

If you’re interested in being part of this great student group simply sign-up at the bottom and we’ll reach out to you from there!

Last year we had an amazing run and had several students land great jobs and internships in fintech, private equity, and asset management. We want you to win at your passion and want to help you get to where you want to go!

Upcoming events (dates and times TBA):

  1. LinkedIn & Mock Interview Night – This was a huge event we had last year wherein we discussed how to begin now marketing yourself and reaching out to employers properly (probably in October).
  2. Financial Modeling Night – Last year we had an awesome DCF presentation from Nick Appelo who recently landed a spot with a top investment bank. This year we’re hoping to have another evening of financial modeling!
  3. Lord of the Ping – This will be a new event for us and we’re excited about it! We’ll be hosting a Ping Pong competition with cash prizes.
  4. Annual Poker Night – This was our biggest event last year and had over 35 DCOB students and professors out for the night. We’re forecasting to top that this year!

Come one, come all!

 

 

Stock of the Week #10: PRGO

By: Prem Samritpricha

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prgo chart

Why to Buy the Stock:

  • BREAKING NEWS: Joseph Papa has left!
  • Perrigo remains fundamentally sound
  • Ripe for a takeover to unlock even more value

Summary:

In recent news, Perrigo’s (PRGO) current CEO Joseph Papa has announced he has left for rival company Valeant Pharmaceuticals (VRX). This news dropped the pre-prgo snippetmarket trading by 12.85% and as much as 19% at one point during the day’s session. However, the company is remains great shape fundamentally. We believe the massive drop in value today (a whopping 20% dip!) was caused by investors completely overreacting to news. Therefore, we believe this is presenting investors a great opportunity with this entry point before the stock begins to rebound.

 

Stock of the Week #09: VZ

By: Prem Samritpricha

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VZ chart SOTW

3 Reasons to Buy the Stock:

  • Robust free cash flow
  • High dividend yield at 4.52%
  • Extraordinary target price

Summary:

I suggest that Verizon’s stock should be incorporated with a diversified portfolio. The company is producing resilient free cash flow with the dividend yield at 4.52%. In the previous year VZ’s management agreed on raising the dividend to 2.7%. This increased their yearly dividend to $2.26 per share, making it their ninth straight year increasing it. Last year, VZ’s free cash flow was at $21.2 billion while it paid $8.5 billion to its dividends. Therefore, their free cash flow dividend payout ratio 40%!

Since 2016, VZ’s stock have increased up to 8.1%, and the S&P 500 Index have dropped byVZ SOTW 9.4%, while the Nasdaq Composite Index have also dropped by 14.5%. The average target price of analysts is $52.33, or slightly higher than the time of this post. However, in my opinion the stock can keep increasing steadily.

To add on to my argument, VZ remains hungry to constantly re-invest in their networks to better their future. As a result of this, their investment in the previous year have situated themselves in the driver seat to better their growth and to sustain their network leadership spot. With VZ stock being ranked second to all of 34 Russell 3000 telecommunication stocks, I recommend buying them now and especially on any dip below the $50 level.

FIBER Poker Night Tonight – Friday April 8!

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For those either coming to the FIBER Poker Night tonight and or wanting to buy a ticket as a donation, here are the event details and ways to buy a ticket.

Event Details

For Tickets: Buy through Venmo here – Venmo/FIBER

You can also buy a ticket at the event. We have a Square account to run a credit card. With any questions, reach out to us at jufiberclub@gmail.com

Location: Best Bet 201 Monument Road, Jacksonville, FL 32225

Time: Event begins at 6:30 and poker playing begins at 7:00

What’s a ticket buy? Your meal and buy-in

Re-buys: Yes, there are unlimited re-buys for the first hour at $20. Come ready to re-buy either with cash or by using Square!

Cash Prizes? Of course! 1st place $300 | 2nd place $150 | 3rd place $100

Come on out and have a good night with us!

dr. b

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evan

faith

blake

trose

 

 

 

FIBER Event: DCF Valuation Night

Come one, come all Tuesday night, April 5 at 7:00 to FIBER’s DCF Valuation night!

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Nick Appelo: Gator Student Investment Fund Portfolio Manager and 2016 Incoming Investment Banking Summer Analyst, Evercore Partners

From 7:00 – 8:30 pm FIBER is having Nick Appelo from neighboring UF’s MSF program come and do a presentation on the Discounted Cash Flow (DCF) valuation method. We will also conduct a walk-through of valuing a company from scratch and how to build a DCF model in Excel.

Who is this for? 

If you’re interested in all things finance, equity research, private equity, hedge funds, M&A, and even FP&A, then this event is for you.

What time?

7:00-8:30 pm

Who is invited?

This event is open to the general public.

Where is it at?

Jacksonville University’s Davis College of Business, Room #114