Robert Burkett , a student in the Exceptional Education program at the Center for Instruction, Technology and Innovation, chose Denny’s Restaurants to invest his imaginary stocks in for News Channel 9’s “Street Cents” competition; more than 50 teams competed and his won.
“Street Cents” is a semester competition where each participating classroom receives an imaginary $100,000 and picks four stocks to invest in. Standings are compiled by Reagan Investing in Marcellus, and the team with the highest profit margin at the end of the competition wins.
The students were interviewed by Rick Reagan for a segment that aired in the Morning News on Channel 9. Burkett’s choice of Denny’s Restaurants had a 35.12% profit, with a final winning amount of $118,226.44.
When asked how the class went about selecting the companies, Burkett’s teacher Barbara Kickbush said, “We talked about diversifying, buying what you know, looking at some local companies and then doing some comparative research.”
Other CiTi student teams also performed well. Richard Preeman chose Target, which grew by 15.42% with a final amount of $107,636.35, placing 19th in the competition. Preeman said his team picked a shopping store because of the Christmas season, anticipating a jump in sales.