Congratulations to Our 3 Winners!

Please join us in congratulating Daniel Lawrence of Elmrox Investment Group for taking home the grand prize in this year’s Value Investing Challenge, brought to you by FactSet. Daniel’s long recommendation on Ashland (ASH:US) earned him a $50,000 cash prize, a 1-Year license to FactSet Workstation, and a speaking slot at this year’s NYC Value Investing Congress. Emerging from a group of several hundred participating analysts, Daniel delivered his full pitch to a packed house of his peers on September 17th, 2013. We also recognize David Swartz and Travis Cocke, who finished in 2nd place and 3rd place, respectively.

Congrats to:

Daniel Lawrence from Elmrox Investment Group
Pitch: Long on Ashland (ASH:US)
David Swartz from Pacific West Land
Pitch: Short on Lifelock (LOCK:US)
Travis Cocke from Southpaw Capital
Pitch: Short on Exact Sciences (EXAS:US)
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We would also like to enthusiastically acknowledge our 16 Finalists whose ideas passed through several rounds of consideration and were all of extremely high quality.

Our 2013 Finalists Are:

Nathan Herring of Nishkama Capital
Pitch: Long on Air Lease (AL:US)

Michael Wood of Evans Investment Council
Pitch: Long on Posco (PKX:US)

Michael Shea of Midsummer Capital
Pitch: Long on Officemax (OMX:US)

Joshua Kennedy of Sonian Capital
Pitch: Long on Fila Korea (081660:KS)

Siddharth Choraria of Marwar Capital
Pitch: Long on Kobayashi Pharma (4967:JP)

Minyoung Sohn of Arrowpoint Partners
Pitch: Long on Chesapeake Granite Wash Trust (CHKR:US)

Peter Lawrence of Kinderhook Partners
Pitch: Long on Newscorp (NWSA:US)

Chris McIntyre formerly at Cobalt Capital
Pitch: Long on Penn National Gaming (PENN:US)

Steven Wood of Greenwood Investors
Pitch: Long on Exor SA (EXO:IM)

Peggy Corcillo of CorCapital
Pitch: Long on Advance Auto Parts (AAP:US)

Terry Lally of Spotlight Funds
Pitch: Long on Apollo Group (APOL:US)

Stephen Cheung of Palladia Capital
Pitch: Short on Conn’s (CONN:US)

Daniel Asamoto of ShawSpring Partners
Pitch: Long on Cia Cervecerias Unidas SA (CCU:US)

Cale Smith of Islamorada Investment
Pitch: Long on Markel (MKL:US)

Chand Sooran of Point Frederick Capital
Pitch: Long on Peugeot (UG:FP)

Chris Ball of Cush Capital
Pitch: Long on Computer Programs & Systems (CPSI:US)

Congrats to all of our 2013 Winners and Finalists. Thanks to everyone who participated this year. You’ve fostered the growth and exposure of brilliant, buyside driven research.

Best,

SumZero & Value Investing Congress