Consumer >> Analyst Interviews >> April 19, 2010
Steven Ruggiero is Head of Research at CRT Capital Group LLC. He joined the firm in July 2009. Most recently, he had been on the buy side as a Partner and Senior Analyst at Cyrus Capital Partners. Prior to Cyrus Capital, Mr. Ruggiero had spent three years at CRT as a gaming and airline Research Analyst, from 2004 through 2006. He joined CRT from UBS Securities, where he was Co-Head of Global Fixed Income Research. Prior to UBS, he spent six years at JP Morgan/Chase as Global Head of High Yield Research and five years at Donaldson, Lufkin & Jenrette as Head of High Yield Research. Mr. Ruggiero has been an active Research Analyst through the great majority of his career, having attained Institutional Investor rankings in four sectors during his tenure at DLJ and JP Morgan/Chase: gaming, supermarkets, consumer products, and food and beverage. Mr. Ruggiero graduated from Middlebury College in 1981 with a B.A. in economics and from New York University's Stern School of Business in 1983 with an MBA in finance. Profile
TWST: Generally speaking, the past few years have been difficult for casino operators. What's your overall outlook on the space today and why?
Mr. Ruggiero: My view of gaming operators for 2010, and