WEBVTT 00:00:00.050 --> 00:00:03.050 >> Hi, my name is Finay Ayallah [assumed spelling] I work at Morgan Stanley 00:00:03.050 --> 00:00:05.090 in the Equity Research Department. 00:00:05.090 --> 00:00:09.800 My role here is a junior equity research associate, so I support a senior analyst 00:00:09.800 --> 00:00:13.780 who covers both food and tobacco stocks. 00:00:13.780 --> 00:00:18.690 So my day to day responsibilities can range from anything to talking to different companies 00:00:18.690 --> 00:00:22.240 or talking to people who are investing in these companies trying to decide, you know, 00:00:22.240 --> 00:00:24.430 what they should do with it from an investment standpoint, 00:00:24.430 --> 00:00:27.220 trying to get a better understanding of the industry as a whole. 00:00:27.220 --> 00:00:31.470 So, we could be looking at industry trend, pricing, you know, 00:00:31.470 --> 00:00:36.330 basically how we see the industry play out over the next year or so, 00:00:36.330 --> 00:00:40.460 just getting a better understanding of that and everything that goes into that and in the end, 00:00:40.460 --> 00:00:45.040 what we do is produce a written product to kind of [inaudible] our views. 00:00:45.040 --> 00:00:48.230 So, basically we're actually about to enter into prime season. 00:00:48.230 --> 00:00:52.910 So, this when every quarter, companies will release their quarterly financial results 00:00:52.910 --> 00:00:56.480 and talk about how they've done in the quarter, where their businesses are trending. 00:00:56.480 --> 00:01:01.680 So, those tend to be hectic days just because a company will release earnings at 7 00:01:01.680 --> 00:01:05.280 in the morning, you got a press release and process everything that they have 00:01:05.280 --> 00:01:08.370 in the press release and run it through different models that we have 00:01:08.370 --> 00:01:13.140 to see how the company is doing, the performing line with our expectations, the performing line 00:01:13.140 --> 00:01:17.340 with the expectations that they set for it, if they did, why didn't they. 00:01:17.340 --> 00:01:21.480 But on these days, the stocks will tend to move based on what the companies say. 00:01:21.480 --> 00:01:28.700 So, you have to do a lot of prep to get into it and the days leading up to it essentially. 00:01:28.700 --> 00:01:33.210 So, when the day comes, you know, you're prepared for anything that might throw at you. 00:01:33.210 --> 00:01:36.350 That doesn't mean that you're always prepared, things obviously always come up 00:01:36.350 --> 00:01:39.190 and they're somewhat unexpected, but you kind of just deal with it as you go along. 00:01:39.190 --> 00:01:43.370 So, on those days what will happen is press release will hit, you'll, you know, go through 00:01:43.370 --> 00:01:45.320 and try to process all the information. 00:01:45.320 --> 00:01:48.380 After an hour or two, companies will have a conference call where they go 00:01:48.380 --> 00:01:54.370 through the results and different analysts can ask questions of the other companies and see, 00:01:54.370 --> 00:01:57.460 you know, I mean, it could be anything from how to refine the little details 00:01:57.460 --> 00:02:01.000 in the press release, to getting a broader idea of, you know, 00:02:01.000 --> 00:02:04.890 where the company sees the industry going and why they see it going it that way. 00:02:04.890 --> 00:02:08.990 And then we process that and put out a couple of reports based on, you know, 00:02:08.990 --> 00:02:11.990 how we thought the results were, how it effects our thesis. 00:02:11.990 --> 00:02:14.050 So, I mean, that's kind of the jest. 00:02:14.050 --> 00:02:19.040 Those are kind of the busier days, just because there's a lot going on top 00:02:19.040 --> 00:02:21.020 of just regular day to day stuff. 00:02:21.020 --> 00:02:24.400 People are going to be more curious about what's going on those days. 00:02:24.400 --> 00:02:28.130 So, those tend to be a more active, hectic day, so to speak.