Project Overview
For my project, I completed an evaluation of the Company 3M. The Pratt model was very difficult to complete, however through assistance with my resources after a lot of time I got it done. I learned a lot through this Project. One thing that will go a long way in my financial career is all the functions and navigation around Microsoft excel. In addition, I was able to solve the model and determine 3M is overvalued which will lead me to place a short position on the stock. In other words, I will sell shares and profit if the stock drops as I am predicting it to. Despite the market deflation due to the pandemic, I was able to create a bias for my trading position on 3M.
Collaboration
Collaboration was key for my PIP. My brother Matt helped me complete the Pratt evaluation as he recently took a financial modeling course that discussed Pratt modeling. Having access to an individual who thoroughly understands modeling and has professional experience doing so made my PIP possible. Beyond the operational component of completing my model, I also had the ability to learn a lot of techniques from Matt when it comes to Excel. In addition to Matt, my family friend Mr. Bernardi who has been working for a long time in the financial industry was able to offer feedback and advice on how to go about modeling and forecasting. Once again collaboration played a huge roll in my project and allowed me to gather more intelligence to create my final project.
