Please swipe Buff One card up front Portfolio

Please swipe Buff One card up front!

Portfolio

LIT Group Membership • Lesson Plan • • • Video Lessons Professor Teachings (Option Lessons) Stock Pitch Equity Research Internal Competitions (LITG Only) In the future make portfolio decisions • Paper for now, Real in the future

Tariffs

Consumer + Investment + Government - Net Exports

Consumer + Investment + Government - Net Exports

Correl: 0. 78660462

Consumer + Investment + Government - Net Exports

Economists highlight that the singular role of the U. S. economy in providing liquidity to the global economy and driving demand around the world makes a U. S. trade deficit central to global economic stability. The dollar’s role as the global reserve currency and primary tool for global transactions means that many other countries rely on holding dollar reserves, creating massive demand for U. S. financial assets. This means that the U. S. pays little for its foreign borrowing, allowing it to finance its high consumption at low cost, which boosts global demand.

The fundamental cause of a trade deficit is an imbalance between a country’s savings and investment rates. As Harvard’s Martin Feldstein explains, the reason for the deficit can be boiled down to the United States as a whole spending more money than it makes, which results in a current account deficit. That additional spending must, by definition, go toward foreign goods and services. Financing that spending happens in the form of either borrowing from foreign lenders (which adds to the U. S. national debt) or foreign investing in U. S. assets and businesses—the capital account.

WE ARE NOT CHINA

25% Tariff on Steel and 10% on Aluminum

Domino’s Pizza NYSE: DPZ

I. Company Overview II. Industry III. Porters Five Forces IV. Financials V. Public Comparable 28

Company Description Domino's Pizza, Inc. is a pizza restaurant chain company. As of January 1, 2017, the Company operated in over 13, 800 locations in over 85 markets around the world. The Company operates through three segments: domestic stores, international franchise and supply chain. Its basic menu features pizza products in various sizes and crust types. As of January 1, 2017, its Domestic Stores segment consisted primarily of its franchise operations, which consisted of 4, 979 franchised stores located in the contiguous United States. As of January 1, 2017, its International Franchise segment consisted of a network of franchised stores in over 85 international markets. Overview • Founded: June 10, 1960 • Headquarters: Ann Arbor Charter Township, MI • Website: www. dominos. com/ • Ticker: NYSE : DPZ • Share Price (3/8/18): $223. 23 29

Management Team J. Patrick Doyle President and Chief Executive Officer • Graduate of University of Michigan in Economics • MBA from University of Chicago • Director of Best Buy and previous executive of Gerber Products Company • Stepping down in June 2018 David A. Brandon Chairman of the Board • • Started at Procter & Gamble Moved to Valassis Become CEO of Dominos in 1999, also CEO of Toys R Us On Board of directors for 3 other companies Graduated University of Michigan in 1974 in Communication 30

I. Company Overview II. Industry III. Porters Five Forces IV. Financials V. Public Comparable 31

Industry Report 2016 32

Industry Report: Domino’s • Shown substantial growth due to changes in cheese and dough • Becoming better than their previous “cardboard crust” reputation • Captured millennial audiences by creating a very user friendly web ordering system • Allow you to track order online as well • Remodeled stores to increase hospitality 33

I. Company Overview II. Industry III. Porters Five Forces IV. Financials V. Public Comparable 34

Porter Five Forces 35

I. Company Overview II. Industry III. Porters Five Forces IV. Financials V. Public Comparable 36

Financials 37

Financials 38

Financial Risks • Change in consumer preference • High Growth Pattern may slow down and affect overall operations • Cyber attacks • Loss of control over Franchisees 39

I. Company Overview II. Industry III. Porters Five Forces IV. Financials V. Public Comparable 40

Public Comparable: Yum!: KFC, Taco. Bell, Pizza Hut, Wingstreet 41

Public Comparable: Papa Johns 42

I. Company Overview II. Industry III. Porters Five Forces IV. Financials V. Public Comparable VI. Conclusion 43

Conclusion: BUY • Domino’s is continuing to grow and innovate, long term yields look positive • Domino’s is investing in AI and driverless cars to be able to bring pizza to you where ever and whenever for much cheaper. • Domino’s has the leading edge on food delivery and using tech to facilitate that. • Very aware of what they can always do better and improve upon 44

Gene Therapy CRISPR (Clustered Regularly Interspaced Short Palindromic Repeats) Bacteria stores critical information from bad DNA, “blocks” it when it reappears CRISPR-Cas 9

Intellia Therepeutics ($NTLA) -Assets: $250 mil -Operating Expenses: ~$80 mil annaully -Total Income: $500 thousand in interest. (they don’t make money) -Hematopoietic Stem Cells (Late Stage Preclinical Development) -Chimeric Antigen Receptor T Cell (Preclinical Development) -Hepatitis B (Evaluating Animal Testing) -Transthyretin Amyloidosis (NHP Studies)

Crispr Therapeutics ($CRSP) -Similar financial story, plus $10 mil annual collaboration revenue -B-thalassemia (Ph 1 CTA filed Q 4 2017) -Sickle Cell Disease (IND to be filed 2018)

Editas Medicine ($EDIT) -Similar financial story, plus $16 mil annual collaboration revenue. -The most assets and liabilities -Leber Congenital Amaurosis (IND mid 2018) -Usher syndrome (proof of concept April 2018) -HPV (IND 2019 w/ Juno Therapies)