|Tarantino and Krause|
On Monday, November 23, 2015, David Tarantino of Robert W. Baird & Company visited the AIM program. Mr. Tarantino, CFA, is a Senior Research Analyst and Associate Director of Research with Baird. He covers the restaurant segment of the consumer discretionary industry.
He has over 12 years in Baird’s Equity Research Department and previously spent ten years at P&G in various positions in Product Development and Brand Management. This experience has provided him with a strong foundation to function as an equity research analyst in the consumer space. Mr. Tarantino received his MBA from the Chicago Booth School of Business and has a B.S. in Chemical Engineering from Notre Dame.
In the AIM class he discussed the role of a sell-side analyst and emphasized the importance of solid writing skills – along with the ability to build financial models to estimate financial performance and to generate industry insights through analysis and data gathering. He indicated the importance of clearly communicating research insights and stock recommendations to institutional investors and highlighted the importance of personal communication skills (including face to face meetings, phone conversations, and email).
The students found the discussion about the restaurant industry to be especially interesting. David pointed out that as an analyst in the restaurant space he focuses on those characteristics that allow customers to have a differentiated dining experience. He pointed out that successful restaurants have a strong value proposition and a benefit/price equation that consumers favor. Additionally, innovation and keeping their brand relevant is necessary; as well as crisp execution – and consistently delivering the desired consumer experience.
Mr. Tarantino stayed in the AIM Room after class to meet with juniors in order to discuss internship and career opportunities as a sell-side equity analyst.