Consumer >> Sector Roundtables >> March 25, 2002

Roundtable Forum: Broadline Retailers & Discounters

WAYNE HOOD is a Managing Director at Prudential Securities, Inc. He is directly responsible for research coverage of the major broadline retailers which include the discount stores, department stores and building supply retailers. He has 18 years of research experience following the retailing industry. Mr. Hood is past President of the Merchandise Analyst Group of New York and has been named to Institutional Investor's All America Research Team and to The Wall Street Journal's All Star Analyst Team for Stock Picking and Earnings Estimate Accuracy. Mr. Hood also serves on the Advisory Board of the U.S. Environmental Protection Agency's (EPA) Energy Star Building and Green Lights Programs. Profile
SHARI SCHWARTZMAN EBERTS joined J.P. Morgan in 1997, and has been covering the broadlines retailing group since June 1998. Prior to joining J.P. Morgan, Ms. Eberts spent two years as an associate at McKinsey & Company, working on strategy and organizational design projects for corporate clients in consumer-related industries. Prior to this, she worked as a financial analyst at Goldman Sachs, focusing on the purchase and sale of retail properties, primarily malls. Ms. Eberts also holds an MBA from Harvard Business School. She was ranked Runner Up on Institutional Investor's 2002 All-America Research Team in her sector, and was cited as Next Generation on the 2000 and 1999 All- America Research Teams. She also placed third on the Greenwich Associates survey of large institutional clients in 2002 in retailing - broadlines. In 2000, Ms. Eberts placed third in The Wall Street Journal's Best of the Street rankings for stock picking in the broadlines sector. Profile
JEFFREY STINSON, CFA, has been with FTN Midwest Securities Corp. since the firm's inception in February 1996. He is a research analyst covering discount, department store and specialty apparel retailers. Prior to the formation of FTN Midwest, Mr. Stinson was an analyst with Roulston & Co. Joining Roulston in 1995, he followed retail and consumer related companies. In 2001, he was named in The Wall Street Journal's 'Best on the Street' and in 2002 was named in 'Best of the Boutiques' for broadline retailers. Mr. Stinson earned his MBA from the Weatherhead School of Management, Case Western Reserve in 1998, and his BBA from the College of William and Mary in 1995. Profile
TWST: I'd like to begin today by asking you to analyze the February

sales numbers that were announced yesterday, March 7. Tell us how

investors should interpret this information, particularly in