Josh Magid BA/MA ’11 and Mekan Bashimov MBA ’11 won the competition for their presentation on Chinese game developer Perfect World. The team recommended buying the stock, valuing the company at $34.25 per share, compared to its current price of $25.39. They based their projections on the growing online gaming market in China and other countries and on the success of Perfect World’s upcoming game, Forsaken World.
GMIC co-club presidents Amisha Chaudhary MAief ’11 and David Rusirare MAief ’11 organized the event with the help of board members Yawei Lu MAief ’11 and Sun Heng Lu MAief ’11, as well as Josh Magid and Mashimov. Ewa Nucinska MAief ’11, who serves as the VP of Corporate Affairs for the club, moderated the competition.
Each of the four teams based their pitches on extensive research on a variety of criteria, including the company’s operating environment, competitors and financial strength. In addition to Perfect World, teams presented on Patel Engineering, Walmart and Sprott Resource Corporation.
The judges questioned the participants’ analyses and probed various aspects of each company’s future potential. The panel included two Brandeis University alumni: Heydon Traub ’83, CEO of Traub Capital Management, and Brad Aham ’93, Senior Managing Director of State Street Global Advisors.
Judges at the Event
Dean Bruce Magid, whom Chaudhary described as “a big advocate both within and beyond the University” for GMIC, offered praise for the event and the organizers behind it. “GMIC is unique in that we really do let the students invest real money, real time. It was this club that provided the impetus for IBS to get Bloomberg terminals,” he said. “It’s so exciting to see how this club has evolved.”