The core curriculum at CBS gives students the building blocks for quantitative modeling, DCF analysis, and securities valuation based on the outputs of these models. But what happens in the real world of investing? This class will build on the Core’s forecasting toolkit with a more qualitative approach, and prepare you to create realistic, stress-tested, multi-dimensional cash flow forecasts for use by investors across the capital structure, along with the assumptions that go into them.
- Develop a line-by-line, cross-capital-structure approach to forecasting cash flow
- Develop and stress-test reasonable assumptions for the most relevant drivers of forecasting outputs
- Forecast cash flow in a base, upside, and downside case
- Forecast cash flow for companies in cyclical industries and those undergoing secular and structural changes with meaningful potential impact on cash flow (e.g., yellow pages, brick and mortar retail)
- Translate forecasts into total return projections for equities and bonds.
Adjunct Associate Professor
Ellen Carr has over two decades of experience as a high yield bond portfolio manager, most recently at Weaver C. Barksdale (WCB), a majority-women-owned, institutional fixed income investment management firm based in Nashville, TN. She specializes in the construction and management of high yield and core plus bond portfolios. Prior to joining WCB, she served as senior vice president and a high yield portfolio...