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Trang Pham

Finance student at the University of Florida

  • Real Estate Private Equity Intern at Astor Realty Capital (Summer 2026), underwriting preferred equity and screening $5-50M commercial deals
  • Senior Investment Analyst, Financial Institutions Group at Caimanes, UF's student-managed hedge fund (~$1.45M AUM)
  • Asset Appraisal Intern at Saigon Hanoi Bank (Summer 2025), reconciling collateral values across 200+ loan files
LinkedIn trang.pham@ufl.edu
02 About

About me

Hi! I’m Trang Pham, a driven student at the University of Florida. I’m interested in investments, portfolio strategy, and company analysis. I enjoy diving into research, staying close to what’s happening in the market, and communicating those insights in a clear, thoughtful way.

My research spans three main categories:

Section Skills
Equities Company & Market Research • Valuation • Financial Modeling
Consulting Case Structuring • Market Sizing • Executive Presentation
LBO Cash Flow Modeling • Debt Capacity • Downside Cases
Back to About 03.1 Projects

Portfolio & Market Research

Developing investment recommendations through business analysis, valuation, market-cycle research, and portfolio-level risk / return thinking.

Featured
GS MS

GS / MS Pair Trade

Long Goldman Sachs, short Morgan Stanley on IB recovery and Financial Institutions Group cycle dispersion.

Executive summary
Thesis
Long GS on IB recovery and financing durability; short MS on wealth expectations priced for perfection.
Price Targets
GS $1,070 (+19%) / MS $130 (-29%).
Catalysts
IB backlog recovery, Basel III capital release, financing revenue mix shift, AWM scale.
Risks
Slower IB recovery; M&A cycle dependency; wealth-flow sensitivity.
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PCOR

Procore Technologies - Sell Investment Thesis

Short construction-SaaS thesis: ACV-tied pricing meets a shrinking real-construction market.

Executive summary
Thesis
Short PCOR on ACV-linked pricing, slowing construction growth, inflated cRPO, and limited AI monetization.
Price Target
$41.87, about 27% downside.
Catalysts
Revenue deceleration, cRPO normalization, AI revenue delay, multiple compression.
Risks
Construction rebound; stronger enterprise adoption; sustained SaaS premium multiple.
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DECK

Deckers Outdoor - Buy Investment Thesis

Long thesis on HOKA hypergrowth, UGG year-round expansion, and a margin misperception.

Executive summary
Thesis
Long DECK on HOKA growth, UGG year-round expansion, pricing power, and sentiment-driven mispricing.
Price Target
$125.10, about 18% upside.
Catalysts
HOKA momentum, UGG off-season demand, full-price selling, margin durability.
Risks
Trend fatigue; consumer weakness; tariff or freight-cost pressure.
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Back to About 03.2 Projects

Client Strategy & Problem Solving

Diagnosing real client problems, structuring options under tradeoffs, and communicating recommendations to decision-makers.

Semi-finalist

BCG x GSCO Case Competition

Recommended a $5B, 10-year state-led plan to secure independent funding for Florida’s climate resilience infrastructure.

Executive summary
Problem
FL climate risk is rising faster than protection; funding is fragmented and federally dependent.
Framework
3 pillars: Funding Independence, Risk-Priority Deployment, Institutional Formation.
Recommendation
Launch a $5B / 10-year plan that locks funding first, then deploys risk-prioritized infrastructure.
Impact
$30B avoided losses; 29% premium reduction; 2M+ residents protected; 50K+ jobs.
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Top 10 Finalist

Johnson & Johnson Case Competition

Designed a barbed suture market-entry plan optimizing IP, pricing, surgeon training, and supply chain expansion.

Executive summary
Problem
A&A needed to enter the barbed suture market while balancing speed, differentiation, cost, and execution risk.
Framework
Evaluated R&D, pricing, marketing, supply chain, labor, NPV, and stress-test scenarios.
Recommendation
Buy symmetrical IP, build spiral technology, use medium pricing, expand the existing plant, and invest in surgeon training.
Impact
$18.5B baseline NPV; 80% hospital access; early revenue; stronger premium-market positioning.
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Top 5 Finalist

Arthur D. Little Case Competition

Diagnosed ReVive Apparel’s profitability gap; recommended a DTC-first expansion and 3-tier production strategy.

Executive summary
Problem
ReVive had low inventory turnover, high return rates, high production costs, and an unscalable growth engine.
Framework
Analyzed channel strategy, production model, fulfillment efficiency, brand risk, and margin tradeoffs.
Recommendation
Use a DTC-first hybrid expansion with selective wholesale, pop-ups, and a 3-tier production model.
Impact
~5x inventory turnover; 10–12% return rate; improved margins; stronger brand reach.
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Semi-finalist

McKinsey x GSCO Case Competition

Evaluated Florida’s Olympic-hosting tradeoffs; proposed alternative tourism and aviation initiatives for economic growth.

Executive summary
Problem
Florida wants tourism growth and infrastructure gains, but Olympics hosting carries high cost and underuse risk.
Framework
Compared Olympics vs. lower-risk alternatives across tourism, local economy, infrastructure, and destination appeal.
Recommendation
Propose the Sunshine Open + aviation efficiency program instead of Olympic hosting.
Impact
Recurring tourism revenue, lower taxpayer risk, better airport utilization, and stronger statewide economic growth.
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Back to About 03.3 Projects

Private Markets & Cash Flow Analysis

Pressure-testing cash flow durability, leverage, debt capacity, and downside cases. LBO and take-private analyses.

DXC

DXC Technology Take-Private

Underwrote a take-private LBO based on recurring contract revenue, cloud / AI modernization upside, and deleveraging potential.

Executive summary
Thesis
Recurring IT-services revenue + cloud / AI mix shift create LBO upside.
Entry / Exit
2.65x EBITDA entry; $5.02B purchase EV; $11.5B 2030E exit EV.
Returns
2.29x MOIC; high-20s IRR; 5-year hold.
Risk
Execution-dependent turnaround; tight early-year coverage.
Recommendation
GO, conditional on revenue stabilization and margin expansion.
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OMI

Owens & Minor LBO

Assessed OMI as an LBO / private credit opportunity by analyzing healthcare demand stability, free cash flow, debt capacity, and downside.

Executive summary
Thesis
Stable healthcare demand + Patient Direct focus support FCF-driven deleveraging.
Value Creation
Divest PHS, improve margins, automate supply chain, and optimize working capital.
Returns
8.0x exit multiple; $5.1B exit EV; 5.07x MOIC; 38% IRR.
Credit Case
Net debt falls from ~$1.8B to ~$991M through FCF generation.
Recommendation
Attractive LBO / credit case with downside protection from cash flow and low capex.
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