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Behrend investment team competes in CFA Institute Research Challenge

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U.S. Steel
February 26, 2021
ERIE, Pa. In January, when the deal closed, U.S. Steel executives positioned the company’s acquisition of Big River Steel as a “best of both” integration a $774 million blending of traditional steelmaking and LEED-certified, Flex Mill manufacturing.
The student members of Penn State Behrend’s CFA Institute Research Challenge Team said they saw it differently.
“It’s too little, too late,” said Joshua Kirkpatrick, a senior from Pittsburgh.
He and his teammates Evan Briant, Michael Fedorek, Simon Nero and Michael Tejchman spent months studying U.S. Steel, a Pittsburgh-based Fortune 250 company. On Feb. 24, at the opening round of the CFA Institute student challenge, they were given 10 minutes to convince a panel of financial analysts that the company is overvalued at $13.60 per share. ....

Michael Fedorek , Evan Briant , Simon Nero , Joshua Kirkpatrick , Michael Tejchman , Greg Filbeck , Institute Research , Institute Research Challenge Team , School Of Business , Big River Steel , Flex Mill , Penn State Behrend , Research Challenge Team , Pittsburgh Based Fortune , Bloomberg Terminals , Black School , Research Challenge , Moon Township , West Newton , Penn State , எவன் ப்ரையஂட் , சிமோன் நீரோ , ஜோஷுவா கர்க்‌ப்யாட்ரிக் , கிரெக் பில்பெக்க் , நிறுவனம் ஆராய்ச்சி , நிறுவனம் ஆராய்ச்சி சவால் அணி ,