Case Number: 5-312-502, Year Published: 2013
HBS Number: KEL716
Accounting, Cash Flow Analysis, Financial Analysis, Financial Statements, Investment Management, Market Analysis, Valuation
This case asks the student to take a stance on whether an portfolio manager should take a long or short position in the equity of Universal Display Corporation (PANL). The stock is polarizing, in that reasonable arguments could be made for both long and short positions. The case suggests a number of steps that an analyst might follow when valuing a company.
Discounted cash flow valuation, comparables valuation, short selling. After students have analyzed the case they will be able to value the equity of a publicly traded company and take a position on whether a portfolio manager should buy or sell the stock.
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