Industry & Services >> Sector Roundtables >> September 6, 2004


PHILIP GUZIEC is a stock analyst at Morningstar covering the automotive industry as well as assorted industrial companies. Before joining Morningstar in 2003, he spent two years as a management consultant to automotive, alternative energy and industrial companies focusing on business planning and technology development. He also spent three years as a product development engineer at Ford Motor Company. Mr. Guziec holds an MBA with honors in Analytic Finance and Marketing from the University of Chicago, where he had a partial academic scholarship, and is a Phi Beta Kappa graduate of the University of Illinois at Urbana- Champaign with Bachelor's degrees in Economics and Mechanical Engineering and a Master's degree in Mechanical Engineering. Mr. Guziec is a member of the engineering honor society Tau Beta Pi, and the mechanical engineering honor society Pi Tau Sigma. He is a Level II candidate in the Chartered Financial Analyst program. Profile
Efraim Levy, CFA, is a Senior Automotive Industry Analyst in Standard & Poor's U.S. Equity Research. Since October 1997, Mr. Levy has provided objective investment insight and recommendations on stocks for more than 30 consumer discretionary companies, including Ford, Toyota and Honda. In both 2008 and 2009, Mr. Levy was acknowledged by The Wall Street Journal as a "Best-on-the-Street" analyst for his stock picking prowess in the autos and auto parts industry. Previously, he served as a General Equity Analyst who primarily covered the food, beverage, gaming and tobacco industries for four years. Until early 2002, he worked as an Assistant Editor for Equity Insight, a monthly print publication that highlights recent Standard & Poor's research. Prior to S&P, Mr. Levy served as a Senior Analyst, Mergers and Acquisitions, in the information services leg of Investment Dealers' Digest. Mr. Levy received a B.A. in economics from Yeshiva University. Profile
DAVID LEIKER leads research efforts in covering the automotive sector at Robert W. Baird & Co. Mr. Leiker rejoined Baird in 1997 after nine years at Cleary Gull Reiland & McDevitt, Inc., and two earlier years at Baird. He was named runner-up in the Reuters Institutional Investor survey in the autos and auto parts industry among boutique investment firms; in 2002, he was selected for The Wall Street Journal's Best on the Street Analyst Survey for autos and auto Parts; and he was named among the top-10 analysts in The Reuters Survey for US larger companies in the automobiles and components industry. He received a BSBA degree in Finance from Creighton University and an MBA in Finance from the University of Wisconsin-Madison, where he participated in the Applied Security Analysis Program. Mr. Leiker is a Chartered Financial Analyst. Profile
TWST: David, what has gone on in the auto group from a market

perspective so far this year?

Mr. Leiker: We follow the OEM automotive suppliers, not the OE

Ms. Our universe of suppliers is