Students compete in Gill/McDaniel finance competition
Student teams made up of Business, Economics, Accounting and Finance majors from McDaniel College, Towson University, Morgan State University, Juniata College, Elizabethtown College, Gettysburg College and Penn State Mont Alto competed in the third annual Gill/McDaniel College Finance Case Competition.
Organized by McDaniel’s Department of Economics and Business Administration, the event gives students a real world scenario and experience presenting in front of a mock board of directors.
Each team gave presentations in Decker Center Forum on a Darden business case on USEC, Inc., a leading supplier of nuclear fuel to electric utilities worldwide. The students were asked to evaluate a stock purchase and the case involved cash flow analysis, net present value (NPV), the capital asset pricing model (CAP-M) and stock price evaluation.
David Merkel, Julie LaMotte, Russell J. Weber and Steven A. West (Not pictured: Buck Hartzell)
The mock board of directors was comprised of McDaniel alumni and a parent. Pictured are David J. Merkel, CFA, principal of Aleph Investments, LLC, in Ellicott City, Md. (David’s son, Peter, is a junior at McDaniel); Julie LaMotte '04, portfolio accounting supervisor at T. Rowe Price, Owings Mills, Md.; Russell J. Weber '93, CFP®, senior vice president of investments at UBS, Hunt Valley, Md., and Steven A. West '96, CFP®, senior vice president at Morgan Stanley Smith Barney, Bethesda, Md. (Not pictured: Buck Hartzell '92, dean of investor education, The Motley Fool, Alexandria, Va.) In addition, a representative from USEC sat on the mock board of directors, and each team was also invited to bring a judge.
The winning team was Elizabethtown College receiving a $500 cash prize, followed by Gettysburg in second place with a $300 cash prize, and Juniata in third receiving $200.
The Gill Fund established through donations from McDaniel trustee and alumnus Kenneth R. Gill ’61 funded the competition.