For our second pitch on Wednesday, March 8, the class heard from DJ Magee, who proposed adding Exxon Mobil to the portfolio. DJ believes Exxon Mobil to be a strong addition to the energy sector due to its industry leading cost management. The company is diversified and highly stable. DJ cited a recent selloff in July of 2016 as a strategic justification for buying. He believes the fundamentals of the company are still strong, and that the selloff was not justified. DJ also noted that SMIF has active risk in the portfolio by not holding Exxon Mobil. He motioned to purchase 300 shares of XOM; unfortunately the motion did not pass.
