Financial Services >> Analyst Interviews >> February 8, 2010

A Difficult Year Ahead For Reits – Tom Mitchell – Miller Tabak + Co.

Mitchell, Tom
Tom Mitchell, Senior Analyst at Miller Tabak + Co., LLC, started in the industry working as a Research Analyst with Mabon, Nugent & Co. in 1973, covering consumer and commercial finance companies, credit card companies, and large multi-industry companies encompassing major insurance and financial subsidiaries. He also managed a firm account investing in distressed situations, reorganizations and bankruptcies. In 1983, Mr. Mitchell joined the New York investment management firm of Weiss, Peck & Greer as one of five Portfolio Analysts with primary coverage responsibility for the financial stock sector. As a General Partner of Weiss, Peck & Greer from 1984 to 1990, he also initiated programs for the firm to invest in foreign stocks and to use index futures and options for bona fide portfolio hedging. In 1990, he branched out to set up an independent money-management shop, Thomas Mitchell Management Co., Inc., and has managed individual and institutional accounts for the past 16 years. He rejoined the sell side at Miller Tabak in 2006, with primary coverage responsibility for banks, REITs and other financial stocks. Profile
TWST: With 2009 just ended and 2010 getting underway, what is your general take on the REIT space? What's your outlook for this year?

Mr. Mitchell: I think it's going to be a difficult year. The