Consumer >> Analyst Interviews >> July 10, 2000

Lodging Stocks : Jason Ader – Bear Stearns & Co

JASON N. ADER is a Senior Managing Director for Bear, Stearns & Co., Inc. During the past eight years, he has built an impressive franchise at Bear Stearns, supervising research coverage for more than 50 public companies in the gaming, lodging and leisure industries. His expertise also encompasses the gaming industry's high yield bond market. He has received numerous distinctions for his research. Not only has he been ranked in Institutional Investor's All-America Research Team for the past eight years, he has been II's top-ranked gaming and lodging analyst for three consecutive years. In 1999, he was named one of New York City's '40 Under 40' by Crain's New York Business. In addition, he produces the North American Gaming Almanac and the Global Lodging Almanac. Mr. Ader began his career at Baron Capital, where he began following the casino industry. From Baron Capital, Mr. Ader moved to Smith Barney. He joined Bear Stearns in 1995. He holds a Bachelor of Science degree in Economics and a Master of Business Administration degree in Finance from New York University. Profile
TWST: Jason, I understand that you recently upgraded the lodging

industry. What were the reasons behind this decision?

Mr. Ader: We upgraded the lodging industry back in January, and we