It’s been merely four weeks since 2022’s CFA Research Challenge Boston Final; the world seems to have changed drastically. Four weeks ago, the final round teams—Babson, Bentley, Brandeis, and Tufts—were unanimously pitching BUY on Akamai Technologies (AKAM), a Cambridge-based cloud company. Now (March 11), reading the incessant news about the Russia-Ukraine war and growth sell-off, I wonder if the teams would still pull the same pitch, or at least add a caveat: We stand by our recommendation only if the world is not falling apart.
Yet, looking at AKAM’s stock price, $105 then vs. $110+ now, you would marvel at the students’ correct prediction. However much ...