Consumer >> Sector Roundtables >> October 11, 1999

Roundtable Forum: Brands & Packaged Foods Industry

JEFFREY G. KANTER is a Senior Food Analyst and Vice President with Prudential Securities. Previously, he was associated with Salomon Brothers and Smith Barney. Mr. Lazar holds a Bachelor's degree from SUNY at Oswego and an MBA from Fordham University. A Chartered Financial Analyst, he is a member of the NYSSA and the Consumer Analyst Group of New York. Mr. Kanter is married and enjoys triathlons and road bike racing in his free time. He is also a member of the United States Cycling Federation. Profile
HERB ACHEY is a Senior Equity Analyst with the U.S. Trust Company of New York. Previously, he was associated with Tradestreet Investment Associates. A member of the Consumer Analysts Group of New York and the NYSSA, he earned both his Bachelor's degree and MBA from Moravian College. Mr. Achey is married and has two children. A fan of the Carolina Panthers, he enjoys coaching soccer in his free time. Profile
DAVID NELSON is a Managing Director in the equities division of Credit Suisse First Boston with responsibility for food and agribusiness companies. His research approach emphasizes global trade, commodity market supply/demand analysis, policy trends and EVA valuation analysis. Mr. Nelson is a rated Institutional Investor All-American for food stock coverage and the co-coordinator of the number one rated CSFB Global Consumer team. Mr. Nelson has also been the top rated analyst for agribusiness coverage in a survey of institutional investors by Greenwich Associates for the past eight years. Immediately prior to joining Credit Suisse First Boston, Mr. Nelson was Deputy Director, Research and Senior Food and Agribusiness Analyst at NatWest Securities. Previously, he performed economic analysis and lobbying duties for the American Feed Industry Association in Washington, DC, and was Senior Livestock Analyst for the animal health group of SmithKline Beecham. Mr. Nelson has served as consultant to the U. S. Feed Grains Council on Russian agriculture, an Advisory Committee member to the U.S. Department of Commerce's Census of Agriculture, and to the Advisory Committee of the National Soybean Processors Association. Mr. Nelson holds a Bachelor of Science Degree from Northern Illinois University and an MBA from George Washington University. Mr. Nelson is married with two children. Profile
ANDREW LAZAR is a Research Analyst in the Packaged Food Sector at Lehman Brothers. Previously, he was associated with Unilever in strategic planning and with Mars and Company in management consulting. A member of the Consumer Analyst Group of New York, Mr. Lazar received his Bachelor's degree in Finance from the Wharton School of the University of Pennsylvania and an MBA from the Columbia School of Business. Mr. Lazar is married, has one daughter, and includes sports and travel among his personal interests. Profile
TWST: Andrew, to what extent have the brands and packaged food stocks

performed in line with your expectations for 1999?

Mr. Lazar: My expectations were very modest, to say the least,