2009 Morningstar Stocks Forum

Brian Nelson, CFA
Director of Training

Brett Horn,
Associate Director of Equity Research

Back by popular demand! This workshop sold out at last year's Stocks Forum so we decided to offer it again. Join Morningstar's director of training, Brian Nelson and Brett Horn, associate director of equity research, as they show you how to value stocks like a Morningstar analyst. In a time of market instability it is more important than ever to have the tools to value companies with confidence. This hands-on training session will provide an introduction to stock valuation including some of its fundamental themes. It will also cover:

Discounted Cash Flow Analysis

This analysis forms the basis for the fair value estimates that Morningstar generates for more than 2,000 stocks

Weighted Average Cost
of Capital

What it means, and how it fits into a DCF model

Financial Statement Forecasting

Learn how to forecast revenue and avoid common pitfalls

Analysis of Selected Publicly Traded Companies and Precedent Transactions

A discussion on comps analysis and precedent transactions multiples and the subjectivity involved in comparing companies

Analysis Examples

Hear our analysts explain how they approach forecasting and valuation using real life examples

Putting It All Together

Walk through some examples and learn how Morningstar arrives at a fair value estimate

This three-hour workshop is offered at two different times:
Wednesday, November 4 | 9am-12pm
Wednesday, November 4 | 1pm-4pm

Certified Financial Planner Board of Standards, Inc.
3 Hours of CE Credit
Morningstar, Inc. is registered as a Continuing Education Sponsor with the Certified Financial Planner Board of Standards, Inc. (CFP® Board). Participants completing this program qualify for 3 hours of CE credit as granted by the CFP Board. Please see the event manager at this workshop to confirm CE credit for your participation in this program.