Industry & Services >> Analyst Interviews >> November 24, 2008
OUTLOOK FOR AEROSPACE/DEFENSE STOCKS – ALEX P. HAMILTON – JESUP & LAMONT
Alex P. Hamilton is Senior Managing Director in Aerospace and Defense at Jesup &
Lamont. He joined the company in July 2007 and as the Director of Research he
and the firm benefit from more than a decade of Wall Street experience. Prior to
Jesup & Lamont, he worked as a Senior Analyst at such small boutiques as Advest,
Benchmark Co., and IRG. Prior to those boutiques, he worked on the Institutional
Investor-ranked team focused on North American and European aerospace and
defense equities at both Credit Suisse and Morgan Stanley. He was also selected
for The Wall Street Journal's "Best on the Street" analyst survey in 2008,
ranking in the top five among 31 analysts in his field for stock picking. He is
frequently quoted in the press and regularly appears on Bloomberg, CNBC and Fox
Business News. He earned his BA in Economics from Brandeis University and is a
member of the National Defense Industrial Association.
RICHARD TORTORIELLO is an Equity Analyst and Senior Associate Director with
Standard & Poor's U.S. Equity Research. He covers the aerospace and defense
industry, including General Electric, Boeing, United Technologies, all the major
US defense contractors and a number of other aerospace-related companies. He
also authors a bi-annual industry survey entitled "Aerospace & Defense."
Previously, he performed quantitative research for Standard & Poor's and covered
a variety of emerging growth stocks, particularly in the financial, energy and
technology sectors. He was also Standard & Poor's semiconductor equipment
analyst for three years. Prior to joining Standard & Poor's Equity Group in
August 2000, he served as a software product manager for Thomson Financial,
Standard & Poor's, and Simon & Schuster. Also, he published a stock market
advisory newsletter ("Market Perspectives"). He holds a BS and MS in Education
from Florida State University and an MBA with a concentration in Corporate
Finance from Fairleigh Dickinson University. Profile
TWST: This has been somewhat of an up-and-down year for the aerospace group.
Where are we at this point?
Mr. Hamilton: It has. In terms of aerospace, the stocks have been impacted by