BU Finance & Investment Club Spring 2013

1. General Meeting – IM & IR Updates BU Finance & Investment Club Spring 2013

2. Timeline for Finance Club April 5th – 7th E-Board Interviews! April 24th– May 1st Final Round Presentations April 19th Wall Street Trip! April 26th – 28th Summer Team Interviews! May 1st Last General Meeting!

3. Executive Board Interviews Positions • April 5th – 7th • Sign-up sheet will be provided a week+ prior to interviews • A pre-assignment is required (explained in the next few slides) President VP - Alumni Outreach VPs – Investment Research VP – Investment Mgmt. VP - Operations VP - Technology

4. Pre-Assignment • Rules • 1 Page outline • 3 measurable goals • “High level” strategy with actionable, specific “low level” details • 1 page timeline • When would you perform each action • The assignment is due April 3rd, and is required to qualify for an interview • It will be read prior to your interview. • You will be considered based on your outline and timeline as well as your interview

5. Your Future in Finance Survey The link is on the Finance & Investment Club Facebook Page! Your input will be directly be used to construct Fall 2013's Your Future in Finance and the Alumni who will be invited to attend. The survey includes potential seminars that we would like for you to rank how likely you are to attend. You must answer the survey if you plan on attending the Wall Street Trip. Your answers will not affect your candidacy for the limited Wall Street Trip sign ups.

6. Weekly IM Update

7. IM Weekly Update – Healthcare Sector Sector Head: Fadi Humaid • Current Holdings Update: • Will report its fiscal 2013 third quarter financial results on Monday, April 8, 2013, after the close of the U.S. financial markets (What I presented last week was preliminary results) • Management will host a conference call to discuss the results and answer questions beginning at 4:30 p.m. Eastern Time on April 8, 2013

8. IM Weekly Update – Technology, Media, and Telecom Sector • Current Holdings Update: • Interxion (INXN): • +26.55% since original investment • -1.6% last 7 days. • Info Tech ETF (PSCT): • +6.29% YTD, +0.87% last 7 days. • Utilities and Telecom Services ETF (PSCU): • +5.03% YTD, +0.60% last 7 days. • Sector Update: • Web $$$ Gets Laundering Rule: Firms that issue or exchange the increasingly popular online cash will now be regulated in a similar manner as traditional money-order providers with new bookkeeping requirements and mandatory reporting for transactions of more than $10,000. Sector Head: Vivian Chen

9. IM Weekly Update Template – Real Estate Sector Sector Head: Kento Okamoto • Sector Update: • S&P Case-Shiller index strengthens • Pending existing home sales decline 0.4% • US home price rose 8.1%. Most since 2006

10. IM Weekly Update – Consumer Sector Sector Head: Chris Kovalik • Current Holdings Update: • Crocs opened 201 retail sites in 2012, global count to 537 • Expects to add 70 to 95 more this year • Most of these are full retail stores vs. pop-up kiosks • Concerns with China & Europe • Sector Update: • U.S. Retail Sales Up Solid 1.1% in February • 236,000 new jobs in Feb • Discount sales rose 0.5 percent in February, non-disc.fell 1% • Consumer confidence surprise in march (decline)

11. IM Weekly Update Template – Industrials Sector Sector Head: Knut Kirchoff • Current Holdings Update: • We are waiting for confirmation if we exited WCN or not • Sector Update: • Boeing 787 might face a ban on long-distance flight • Durable goods orders increased 5.7% mainly due to transportation orders -0.5%

12. Kite Realty Group Maintain Coverage Finance & Investment Club: Investment Management Division Real Estate Sector3/27/2013 Investment Associate: ArlindHoxha

13. Company Overview Kite Realty Group Trust (NYSE: KRG) is a real estate investment trust focused on the development, construction, acquisition, ownership and operation of neighborhood and community shopping centers in the United States.

14. 4th Quarter Highlights KRG has had strong growth primarily due to increasing lease spreads and improvement in occupancy rates KRG has also made an attempt to continue to grow through acquisitions - Six in-process developments and redevelopments totaling $240 million that are 81.4% pre-leased. - Conducting due diligence on the possible acquisition of two shopping centers in Greensville, South Carolina for $40 million in total

15. Summary and Recommendation KRG has returned 20.57% since January and has outperformed the S&P 600 We believe that KRG has already achieved most of its upside • Occupancy rates are at the highest in the last two years • Acquisition strategy may already be priced in with more than 80% of properties pre-leased • The current price of $6.74 is above my 1 year target price of $6.34 Final Recommendation: Sell - We are looking to sell KRG and buy a REIT that offers a higher yield

16. PKG Maintain Coverage Finance & Investment Club: Investment Management Division Materials Sector3/27/2013 Sector Head: Yuzhao Wu

17. Maintain Coverage Report on PKG • Current Price: $44.08 • Target Price: $45 • Dividend Yield: 2.9% • Upside from January: 13% • Recommendation: Hold/Sell • Potentially sell half of the position and replace by new pitches • Or Keep the position and expand the weighting of materials sector in general

18. Positive Industry and Macro Condition • Container board price increase again • From $45 to $50 in March 11th • Export and domestic expenditure are on the rise

19. Growth Could be limited • Most of the good news are factored in valuation • Locked in the first quarter dividend already • Management is not taking active positions in expansion • Traditionally taking a conservative approach