Natural Resources >> Analyst Interviews >> April 1, 2013

Cyclical Opportunities in Australian Coking Coal

David Beard, Analyst, brings over 20 years of buy-side and sell-side experience to his position with IBERIA Capital Partners. He spent the last decade with Morgens, Waterfall, Vintiadis & Co., Inc., where he was a Portfolio Manager, focusing on energy, medical devices and industrial stocks. Prior to that, he was a Portfolio Manager and Analyst for Trainer, Wortham & Co. and Lead Research Analyst covering the homebuilding industry at Credit Suisse First Boston. Mr. Beard earned a B.A. in economics and political theory at Bowdoin College and received an MBA from Columbia Business School with a focus in accounting and finance. He holds his General Securities Representative, Series 7; Research Analyst, Series 86; Research Principal, Series 87; and Securities Agent, Series 6, licenses. He is also a Chartered Financial Analyst. Profile
TWST: You are generally bullish on coal. What are the primary factors contributing to your view at the moment?

Mr. Beard: I think coal stocks, like any other commodity stocks,