Elon competes in CFA Institute Research Challenge state finals

Seniors in the Martha and Spencer Love School of Business competed in the North Carolina finals of the CFA Institute Research Challenge on Feb. 23.

2013 Elon CFA Institute Research Challenge team

Elon’s team of J.P. Riley, Paul Robinson, Brian Sharnsky, Christian True and Justin Wanner placed second, surpassing teams of MBA and undergraduate students from North Carolina State University and UNC-Charlotte. Assistant Professor of Finance Neeraj Gupta served as Elon’s faculty mentor.

The CFA Institute Research Challenge is a global competition that tests the analytic, valuation, report writing and presentation skills of university students. The state finals were held at UNC-Greensboro and hosted by the CFA North Carolina Society.

The students were tasked with analyzing Family Dollar Stores (NYSE:FDO), headquarted in Matthews, N.C. They met with the company’s management team, were advised by a finance industry professional, and presented their recommendations for a one-year stock price target.

Appalachian State University won the event and will compete in the challenge’s Americas Regional in April.

This is Elon’s third year participating in the challenge.