Honor Thesis, May 2023

Do Value Investors Walk The Walk?

The Case of The Baupost Group

Abstract: We use Baupost Capital's 13F filings with the Securities Exchange Commission and study whether value investors invest in value stocks as they advertise. Baupost Capital is a hedge fund run by the legendary value investor Seth Klarman. Klarman is known to invest in undervalued stocks. We examine Baupost's holdings with Fama and French's 3-Factor Model and other financial analysis tools. We find that although Baupost's portfolio has a large value beta, the fund doesn't seem to have alpha. Our results suggest that Klarman does talk the talk most of the time, but the fame might not be justified.

Accounting and Finance: Text

Early

Investment

Financial

Independence

Investment Analysis: Market Efficiency and Stock Investments

Investment Analysis: FF Three Factor Model

Investment Analysis: CAPM

FRAUD EXAMINATION - ACC 313 (2022)

Fraud Examinations in Health Care Section - Improper Coding and Upcoding

Medical fraud has become a burning issue. In this paper, we do a literature review of common causes of improper coding, particularly unbundling and upcoding, in the U.S. in the past two decades. We also document reasons behind the tactics utilized to commit those frauds and suggest potential solutions from the application of artificial intelligence to data mining practices to prevent unbundling and upcoding in the future.

Topics covered:

1. Data mining (DM) technique;

2. Adaptive Benford;

3. Preventive controls: The COSO 2013 internal control framework & Health insurance portability and accountability act of 1996 (HIPAA).

BUSINESS IN PRACTICE, Ulster University, 2022

TESLA’S UNIQUE POSITION IN THE MARKET (2022)

For the past decade, Tesla Inc. has been shifting the automotive industry and changing global customer behaviors. Its impressive achievements broke records and caught public attention for the profitability and future of electric vehicles (EV). The questions remain about how long Tesla's hype will be able to last and who is the principal strategic competitor against the EV sector in upcoming years.

The paper aims to investigate the EV sector and Tesla's position in the market by applying PESTLE analysis and SWOT analysis using the latest data and evidence from previously published works. It concludes that the EV sector is burgeoning fast and still has a long way to go with outweighed favorable environmental factors. The primary facilitators for this segment are the escalation in universal governmental missions to save the planet, disruptive technology, and customer preferences for electric cars. The EV industry is indeed very competitive, yet Tesla has secured its position in the industry, and investors' confidence in Tesla is solid and healthy

STRATEGIC MANAGEMENT, BUS-470

AN ANALYSIS OF YETI RELATIVE TO THE INDUSTRY (2021)

Overview: Yeti was profitable and was performing well in revenues, market shares, and profits. However, the company faces three major problems. Tariff controversy between the U.S. and China, and the EU had the potential to increase prices and “thus reduce the sales of Yeti products” (Garza and Turnipseed, 2021, p. C-174). Its net sales and financial ratios could get worse due to the COVID-19 pandemic and its economic fallout. Most importantly, there has been a large and increasing number of competitors across Yeti’s entire product line.

AN ANALYSIS OF UNDER ARMOUR RELATIVE TO THE INDUSTRY (2021)

Overview: The industry features many competitors such as Nike, Adidas, Skechers, and Lululemon. The industry is divided into smaller segments, all of which are intense, innovative, and always changing in consumer demographics and cultures. Under Armour made its name with more than 6,000 retail stores in the U.S. and over 2,000 stores in Europe, the Middle East, Africa, the Asia-Pacific, and Latin America. In 2019, Under Armour earned $5,267.1 million which was 1.42% year-on-year revenue growth, following an increase of 4.09% in revenue between 2017 and 2018...