Ten Bagger Newsletter Spring 2014

Ten Bagger
Annual Newsletter Published by
The Business Administration and Economics Department
Spring 2014 : Volume 19
BUA Faculty
The BUA Faculty Serving the Professions
Thomas Cooper, Professor and Chairman
Economics
Dr. Tom Cooper
Cathy Buckman, Assistant Professor
Accounting
Zahi Haddad, Professor
International Business and Management
Nancy Lumpkin, Professor
Finance and Economics
Deborah Madden, Associate Professor
Accounting
Scott Takacs, Associate Professor
Marketing
Dan Vazzana, Associate Professor
Economics
Adjunct Instructor:
Glenn Williams, Attorney
Business Law
Support Staff:
Betty Barkley, Administrative Assistant
You may contact us at (502) 863-8205
or by e-mail: [email protected]
www.georgetowncollege.edu
Financial Executives International
Dr. Zahi Haddad
Rachel Renee Penn was the r ecipient of the
student award [FEI Scholar] from the
Financial Executives International for the year
2012-13. FEI is a preeminent professional
association representing 14,000 senior
financial executives from over 8,000
corporations throughout the United States and
Canada. Other recipients from recent years
were Carson Keally, Amy Thaxton, and Sarah
Williams. Georgetown College students have
won the FEI Scholar award every year since
1992. Dr. Haddad served as a president and is
currently a board member.
While you are all well aware of the energy and effort
the Business faculty commit to their classes, you may
not realize that many also make significant
contributions to their professional organizations as
well. These activities are essential for maintaining
healthy organizations that can, in turn, provide
ongoing support for professors in the field. Our
departmental faculty have assumed a number of
leadership roles in their respective organizations,
often providing direct benefits for our students.
The Accounting professors provide good examples
of the types of roles people might assume. As a
Certified Management Accountant, Cathy Buckman
is active in the Bluegrass Chapter of the Institute of
Management Accountants (IMA), where she has
served on the Board for over a decade. For many
years she was the Director of Member Retention and
Participation, and she has helped plan the IMA
Student Night each time it has occurred. Needless to
say, she uses that Student Night to introduce some of
our students to the local professional network.
Currently she is Vice-President of Membership and
CMA Director for the chapter. Debbie Madden is
active in the Kentucky Society of CPAs (Certified
Public Accountants). Currently she is the chair of
their Members in Education Committee. This
committee organizes the annual Educator’s
Conference which provides necessary continuing
education opportunities for accountants in the state
(Mrs. Buckman and Mrs. Madden both attend almost
every year). This committee also sets up the KyCPA
Interview Day held at Georgetown College each
September. Many of our accounting graduates can
testify to the value of this event, for it was there
that they interviewed for the jobs and internships
they held right after graduation.
Marketing professor Scott Takacs has pursued
different directions of activity. Professors often
submit paper proposals that they hope to present
before colleagues at a conference. A few years ago
Dr. Takacs reviewed some of these proposals for
the American Marketing Association Summer
Educator’s Conference, and he later discussed some
of the papers presented at the conference. He also
has been very active with Phi Beta Lambda (PBL);
he led the effort for Georgetown College to host the
state Fall Leadership Conference a few years ago,
and he has made presentations at the PBL National
Leadership Conferences in Nashville and Orlando.
Our professor of Management and International
Business, Zahi Haddad, is an active member of the
local chapter of Financial Executives International,
where he has served as president and as a board
member. This group annually awards a scholarship
to one of our top finance or accounting students.
KyCPA Accounting Interview Day
The Economics professors have focused most of
their professional efforts on the Kentucky
Economic Association (KEA). Nancy Lumpkin,
our professor of Economics and Finance, has
served several years as a board member of the
KEA. In 2012 she became President-Elect and
Program Chair, which meant she assumed the
responsibility for organizing the annual KEA
conference. Georgetown College hosted the
conference, which had Nobel Prize winner James
Heckman as the featured speaker. (Since the
conference was on campus, some of our students
had the opportunity to attend.) Dr. Lumpkin is now
in her second year as President of the KEA.
Economics professor Dan Vazzana has also been a
KEA board member, and he has chaired the
committee that selects the best student paper presented at the annual conference.
Sponsored by KyCPA and Georgetown College,
this annual recruiting event provides accounting
students from smaller colleges and universities an
opportunity to interview in one central location
with recruiters from several different firms. CPA
firm recruiters, representing nine local, regional
and national firms, interviewed 38 students from
16 schools. Based on results from the survey
completed by recruiters attending this year, 100%
feel that this event benefits their firm. Participating
firms indicate that many students have been hired
over the years as a result of Accounting Interview
Day. The firms participating this year were: BKD
LLP, Blue & Co. LLC, Crowe Horwath LLP,
Dean Dorton Allen Ford PLLC, Harding
Shymanski & Company PSC, Louis T. Roth &
Company PLLC, Mountjoy Chilton Medley LLP,
PricewaterhouseCoopers LLP and Ray Foley
Hensley & Company PLLC.
2
Ms. Debbie Madden
KyCPA Accounting Interview Day was held on
Tuesday, September 24, on Georgetown’s
beautiful campus. Brittany Sims, a Georgetown
junior, had this to say about the day. “I went into
interview day thinking that it would be a good
experience to grow in my interview skills and
make contacts. I was so excited to hear back that I
got an offer for the spring! It's great to have this
opportunity as a junior.”
PBL Detailed results from 2013 are as
follows:
PBL Comes Home
Dr. Scott Takacs
At the Spring Leadership Conference and
Competition in Paducah, Kentucky, fewer students
than in previous years were able to compete
because of the distance, but Georgetown was still
well represented.
Last year, the PBL Spring Leadership
Conference was held in Paducah, Kentucky, at
West Kentucky Community & Technical
College. Although the distance presented a
challenge, Georgetown students rose to the
occasion, with Olivia Zendja taking First Place
in Accounting Analysis and Decision-making,
Sayde Daniels taking First in Job Interview, and
Whitley Martin as Third in Business Law. These
students all represented us well at the National
Leadership Conference in Anaheim, California.
First Place:
Accounting Analysis & Decision-Making: Olivia
Zendja
Job Interview: Sayde Daniels
Third Place:
At the National Conference, Sayde Daniels won
9th Place in Job Interview. Dr. Takacs also competed in the Professional Division and was
awarded Second Place in Business Law. Having
never been to law school, he was very happy
with this accomplishment. Our chapter hopes to
do even better in Nashville this coming year,
though the competition is strong.
Business Law: Whitley Mar tin
Each of these women was eligible to compete in
Anaheim, and although not everyone was
victorious at Nationals, Georgetown can be proud
of how these students represented themselves in a
national competition.
Also, for the first time, Georgetown College is
hosting the Spring Leadership Conference for
Kentucky. This April 10 and 11 will be a busy
time for everyone from our advisors and our
chapter’s President, Joseph Lane, to every
member who can play a role in making this
event a success. Please wish us luck as we
provide hospitality, access, and hopefully a
strong showing at this event.
3
Invited Speaker Series
The 2012-2014 Georgetown College
Investment Team
Ms. Cathy Buckman
Advisor: Dr. Nancy Lumpkin
The Business Administration and Economics
Department and Phi Beta Lambda co-sponsor an
ongoing Invited Speaker Series on Careers and
Leadership. Our speakers, some of whom are
Georgetown College graduates, are business
leaders from a wide variety of industries. These
businessmen and women describe their companies and
industries, their career paths, and career
opportunities within their companies. Cathy
Buckman plans and coordinates the speaker series. The
following is the schedule of speakers for the current
school year:
The Investment Team portfolio for 2012-2013
climbed from $210,196 to $240,295, a growth rate of
14.32% for the time period of the team. This return
was a bit less than that earned on the S&P 500 and the
Dow indexes, without transaction costs, at 16.06%
and 19.38% respectively. Notwithstanding this
comparison, the team learned a great deal about
investing in the stock market.
Stock performance for the year was very strong and
the biggest challenge for the team was finding the best
ways to diversify the portfolio out of a large cash
holding. Since they were still learning about how to
investigate stock opportunities, it took the team some
time to move their money into the market. In the first
term of the team’s tenure, they were basically
deciding what to sell or keep from the previous team’s
portfolio. They sold the stock on Apple for
approximately a 200% return and abandoned a couple
of energy stocks for a loss of 7% each. In their second
semester the team did very well with companies like
Thermo Fisher Scientific (earning 85%) and Valero
Energy (earning 40%). The team tried to buy Apple
again, but the company did not bounce back during
the team’s investment horizon and the holding was
sold for a 10% loss. The team left the portfolio in a
very strong place, however, for example by earning
an unrealized 100% return on HCI Group (insurance)
and 108% on Spartan Corp. (aerospace). Today, the
portfolio’s value stands at $266,000.
The Schedule of Speakers for the 2013-2014 School
year is as follows:
Tuesday, September 17, 11:00 a.m.
Mr. Kris Kimel, Pr esident
Kentucky Science & Technology Corporation
Lexington, KY
Topic: Science and Technology: Policy, Programs, and Entrepreneurship
Tuesday, November 5, 11:00 a.m.
Mr. Joe Guillory, Dir ector of Reimbur sement
Exceptional Living Centers
Lexington, KY
Topic: What Now? Making the Most of your Liberal Arts Experience in a Non-Liberal
Arts World
Tuesday, February 4, 11:00 a.m.
Mr. Jason Barnes, Par tner /Fin. Tr ansfor mation
Deloitte & Touche LLP
Cincinnati, OH
Topic: Life After Georgetown College
Investment Team 2012-2013: Rachel Penn, TatLun Tsung, and Greg Peebles. Wence Peraza also
served on the team before he graduated in
December 2012.
Tuesday, March 4, 11:00 a.m.
Mr. Alan Stein, Pr esident/ CEO
Stein Group, LLC
Lexington, KY
Topic: Making Business Better
During fall 2013, I took my second sabbatical (Yes,
I have now been at Georgetown for 15 years!).
While I continued to administer the portfolio during
this time (much like summers), a new team for this
academic year has not yet been chosen. The
department will move forward this month in
choosing the new team looking especially for
members that might commit to serve for three
semesters instead of two. This will put the
Investment Team on track again for an academic
year rotation.
Tuesday, April 1, 11:00 a.m.
Mr. Mike Berry, Pr esident and CEO
Kentucky Derby Festival
Louisville, KY
Topic: The Business of Fun
All sessions will be held in Asher Science Center 112,
unless stated otherwise.
4

Download Report