Consumer >> Sector Roundtables >> March 4, 2002

Roundtable Forum: Beverages

MARK SWARTZBERG joined Legg Mason in 2002, establishing beverages coverage for the firm in June of that year. He has been covering beverages since 1998, when he joined Salomon Smith Barney as a junior member of its beverages research team. Institutional Investor magazine cited Mr. Swartzberg's work recently, designating him a 'Next Generation' analyst when establishing members of their 2003 All America Research Team and identifying Legg Mason as the best firm providing beverages research in the magazine's annual Best of the Boutiques roundup. Mr. Swartzberg holds a BA from Duke University and an MBA from Harvard University. Profile
MARC GREENBERG is a Director at Deutsche Banc Alex. Brown, Inc., and a Senior Analyst covering the Beverage sector. Prior to embarking on a sell-side career at Paine Webber in January 2000, Mr. Greenberg spent 14 years as a portfolio manager, most recently at Avatar Associates, where he was responsible for stock selection in the consumer and healthcare sectors. Previously he was at Alliance Capital and National Westminster Bank. Mr. Greenberg has been named to the "Next Generation" list in both the 2000 and 2001 Institutional Investor polls. In addition, he was named in the Wall Street Journal's 2001 "Best on the Street" survey for earnings estimate accuracy. He holds a BA in Economics from Tufts University and is a Chartered Financial Analyst. Profile
TWST: Marc Greenberg, will you begin by reviewing the performance of the

beverage stocks over the past 12 months? Which stocks best rewarded

investors and which have disappointed them?