Reiman fielded two teams in the third Rocky Mountain Investment Challenge (RMIC) held April 7 at the Colorado State University-Ft. Collins campus. Reiman students competed with students from schools across the region, from Colorado, Wyoming, Nebraska and Utah, to put their real-world finance skills to the test.
Teaching Assistant Professor Kenneth Leung led the second place Daniels team with members Blake Danielson, Connor Martin, Sean McGann and Isiah Trowbridge who presented on their analysis of Ford Motor Company.
Teaching Associate Professor Andy Sherbo led the other team with members Carys Helm and Sean Koval, who presented on their research of SunTrust Banks Inc.
The undergraduates analyzed these two publicly traded securities to recommend either a buy, sell or hold on the company’s stock. Both teams had 15 minutes to present their analysis and 10 minutes of questions and answers to convince a panel of independent Chartered Financial Analysts and investment fund managers.
Eleven teams from eight schools competed in the competition, including University of Colorado, Boulder; Colorado State University; Fort Lewis College; Utah Valley University; University of Nebraska, Kearney the University of Wyoming and Western State Colorado University. Western State from Gunnison, Colorado won first place.
A team from Daniels has won one out of three RMIC competitions. In 2016, Reiman students won first place and in 2018, second place.