"How to Value a Stock: Is Microsoft Worth $261 Billion?"
Sept. 10, 2011, 9:30-11:00 a.m.
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Gary J. Gray
Visiting Professor of Finance
Take the confusion out of stock pricing and buys by learning the discounted cash flow (DCF) method of valuing a stock. Wall Street veterans know that the key to beating the stock market is to find, and buy, stocks trading at a discount to their true net worth. Yet, as recent events have proven, using the wrong valuation approach can be disastrous, often more dangerous than no approach at all. Gary Gray will go step by step through the process, as well as share some insider tips and a favorite website that can help investors.Gary Gray teaches basic finance courses to undergraduates and courses on investment banking and the capital markets to graduate students in the Smeal College of Business. Prior to coming to Penn State, Gray was a senior vice president at E.F. Hutton and a managing director at Lehman Brothers and was the principal architect of several financial products, such as tax-exempt zero-coupon bonds, capital appreciation bonds, agricultural revenue bonds, and tender option crossover refunding bonds. He has co-authored several books on stock valuation and securities, as well as a book about running with the bulls in Spain. Gray played linebacker for Penn State (1969–71) and served for two years as a graduate assistant coach under Coach Joe Paterno.
Alumni, students, and friends from around the world can log on to watch and participate in a live streaming of this Huddle with the Faculty presentation. Log on to www.wpsu.org/huddle on the day of the event to view the presentation and participate in the live chat. Or, if you want to follow the presentation on Twitter, we will be live tweeting with the hashtag #psuhuddle2011. Live streaming is brought to you by the Penn State Alumni Association, World Campus, and WPSU.