Woolf Update

Mike Woolf '14 spent much time off the court this past semester engaged in an internship. As a result, Tim Palmer, Aaron Collins and he

were published for their work as part of the Birkey Investment Fund. 

A summary from Woolf:

We researched U.S. Silica Holdings (SLCA) and presented our findings to a board who bought the stock.  

The report itself was published on the following website:

seekingalpha.com

Executive Summary

U.S. Silica Holdings (SLCA) is an up-and-coming company that has a promising future. It operates in the sand and gravel mining industry and it is experiencing an increased demand for its products. U.S. Silica is a large influence in an industry that is competitive through many local companies. Environmental regulations are a potential issue, due to oil fracking which is its most profitable business. U.S. Silica is taking steps to improving its business through these regulations. It also has a constant revenue from its other sector which provides silica for industrial use. Steadily increasing revenue and earnings trends show possible growth in the company. Other financials, such as forward P/E also show that there is promise in U.S. Silica.