Industry & Services >> Analyst Interviews >> September 20, 2004

OUTLOOK FOR PAPER & FOREST PRODUCTS: STEVE CHERCOVER – D.A.DAVIDSON & CO

STEVE CHERCOVER joined D.A. Davidson & Co. in February 2000 as a senior research analyst covering the paper and forest products sector. A native of Canada, Mr. Chercover covered the sector for TD Newcrest in Toronto prior to joining D.A. Davidson. His knowledge of the Canadian industry and current location in Portland, Oregon, give him a unique perspective of the evolving North American forest products industry. In the past several years, Mr. Chercover has enjoyed several accolades, including a number two ranking in the Wall St. Journal's 2004 'Best on the Street' Analyst Survey, and the number one ranking for earnings estimate accuracy, according to Starmine and Forbes magazine. He has also been named to the All-American Research Team in Institutional Investor magazine's ranking of regional and boutique brokerages for the past two years. Mr. Chercover holds a BA in Economics from the University of Western Ontario, an MBA from the University of Toronto, and the Chartered Financial Analyst designation. Profile
TWST: Can you start with a quick overview of your coverage?

Mr. Chercover: I cover 14 names at present, two of which are REITs '

Plum Creek (PCL) and Rayonier (RYN) ' and the remainder are a