Industry & Services >> Analyst Interviews >> June 1, 2009

Outlook For The Solid Waste Industry – Michael E. Hoffman – Wunderlich Securities Inc.

Michael E. Hoffman, Director of Research at Wunderlich Securities, Inc. has 22 years of experience as a senior equity research analyst and in research and firm management with his most recent position as President, Chief Operating Officer and Director of Research at Caris & Company. Previously he was the Deputy Director of Research, Head of Fixed Income Research and Group Head of Diversified Industrial Research at Friedman Billings Ramsey covering the pollution control, solid waste and homeland security industries. He spent five years with Salomon Brothers covering pollution control, solid waste and specialty chemicals, a year with Robertson Stevens rebuilding its pollution control practice, 10 years with Credit Suisse where he built and managed at team of 80 in the US, Europe and Asia that created the firms fundamental global research database still in use today. He has been ranked number two by Institutional Investor, Greenwich Associates and Reuters in pollution control. He has a BSE degree from Widener University and an MBA degree from the Johnson School at Cornell University. Profile
TWST: Here we are in an economy that's been slowing for quite a while. What does

that mean for the companies in the environmental services space?

Mr. Hoffman: The solid waste industry is