Consumer >> Analyst Interviews >> January 19, 2004


Bonnie Herzog is a Director in the U.S. Equity Research Department at Smith Barney where she covers the beverage and tobacco sectors. For the third consecutive year, Ms. Herzog has been ranked in the top three in the Institutional Investor All-American Research Team survey for tobacco. She has also ranked in the top three in the Greenwich Survey for tobacco since 2001. She joined Smith Barney in April 2002. Prior to that she was at Credit Suisse First Boston from 1997 covering the tobacco sector. She has been a guest speaker at numerous tobacco and beverage industry conferences. Ms. Herzog earned her MBA in Finance from the Sloan School of Management at the Massachusetts Institute of Technology and her BA from the University of St. Thomas with a major in Finance. Profile
TWST: May we start with a quick overview of your coverage?

Ms. Herzog: We are focused on the non-alcoholic beverage companies

including concentrate manufacturers and bottlers. The