The School of Accounting and Finance at the University of Waterloo announces the winners of the 3rd annual Equity Research Challenge

WATERLOO, ON, April 10, 2014 /CNW/ - The School of Accounting and Finance (SAF) at the University of Waterloo held their 3rd annual Equity Research Challenge (ERC) on March 28th, 2014 sponsored by Xerox, CNW Group, Toronto Stock Exchange, and B. Sleuth & Statesman.

The competition consisted of 87 students, grouped in 17 teams, each presenting their research findings to the following industry panelists: Patrizia Ferrarese - Principal and Founder at PF Group Inc., Michelle Heaphy - Director, Corporate Banking at Scotiabank Global Banking and Markets, Jenny Johnston - Manager, Recruitment Strategies at Xerox Canada, Stephen Mills - Regional Head, TSX Company Services, Michael Newallo - Capital Markets Executive, Dax Philbert - Founder and Managing Director at iComply Consulting, Elisa Schupp - Vice President, Sales Operations & Strategic Sales Initiatives at CNW Group, Katharine Short - Treasurer, ArcelorMittal Dofasco Inc., and Tom Scott -Director, School of Accounting and Finance.

The winning group presented their investment recommendation on Denison Mines Corp. (TSX: DML), winning the $2,000 in prize money donated by Xerox and media coverage provided by CNW Group. According to the team, consisting of Jeff (Yicheng) Chen, Boon Chia Cheng, Hyung Ju Kim, Courtland Livesley-James, and David McDonald, "The Equity Research Challenge was an exciting opportunity for us to practically apply what we learned in our Equity Investments class. Being able to present in front of a panel of experienced industry professionals was a nerve racking, exciting, and valuable experience for all of us. We would like to thank all of the judges and professors who graciously took time out of their day to be part of this competition, along with our fellow competitors who ensured the level of competitiveness was extremely high.

The TSX hosted the winning team, judges, and members of SAF at the opening of the market on April 10, 2014. David Cates, Vice President Finance & Tax and Chief Financial Officer of Denison Mines Corp. and SAF alumnus, joined the opening celebration as a special guest, "Denison is very appreciative that the students from the winning group of the University of Waterloo's Equity Research Challenge have picked the company as a compelling investment opportunity in the mining space."

Patrizia Ferrarese, PF Group Inc., organized the ERC and the SAF would like to thank her for providing an experiential learning opportunity that promotes the School's mandate of producing well-rounded financial professionals.

The ERC is the term project in the School's Equity Investments course taught by Professor Craig Geoffrey.  The ERC allows students to apply their classroom learning in an interactive setting. "Given the importance of active learning for developing student understanding of classroom material and the need for new graduates to exhibit strong interpersonal skills in the recruiting process, events like the ERC are crucial for encouraging strong early stage career success," comments Mr. Geoffrey.

About the School of Accounting and Finance, University of Waterloo
The School of Accounting and Finance is the largest professional school of its kind in English-speaking Canada. Established in 1981, the School offers undergraduate and graduate programs designed to provide students with the competencies, professionalism and practical experience they need to excel in their chosen careers. The School offers undergraduate co-op programs in accounting, finance and computing and financial management.  It also offers masters programs in accounting and taxation and a PhD program in accounting. For more details, go to

About the University of Waterloo  
In just half a century, the University of Waterloo, located at the heart of Canada's Technology Triangle, has become one of Canada's leading comprehensive universities with 30,000 full- and part-time students in undergraduate and graduate programs. Waterloo, as home to the world's largest post-secondary co-operative education program, embraces its connections to the world and encourages enterprising partnerships in learning, research and discovery. In the next decade, the university is committed to building a better future for Canada and the world by championing innovation and collaboration to create solutions relevant to the needs of today and tomorrow. For further details, visit

Image with caption: "Sponsors, judges, faculty, and the winning team of the School of Accounting and Finance's 2014 Equity Research Challenge join together to open the Toronto Stock Exchange (CNW Group/University of Waterloo)". Image available at:

SOURCE: University of Waterloo

For further information:

Patty Mah
Associate Director, Admissions and Communications
School of Accounting and Finance
University of Waterloo
519.888-4567, ext. 37152

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