Industry & Services >> Sector Roundtables >> July 26, 2004


Silber, Jeffrey M.
Jeffrey M. Silber is a Managing Director and Senior Analyst at BMO Capital Markets Corp., covering the business services and education sectors, including the staffing, information services, business process outsourcing and online recruitment industries. He publishes two periodic industry reports: an annual overview of the education and training industry and the “Staffing Indicator,” on staffing services. Mr. Silber serves as the host and moderator for the firm’s annual Back to School Education Conference, considered the premier investor event for the industry. Mr. Silber's research has been recognized by many industry surveys. He has won a StarMine Analyst Award four years in a row from 2011 to 2014, and in 2011 was named to Institutional Investor's All-America Research team for his coverage of the business, education and professional services sector. Profile
GARY E. BISBEE is a Vice President and Senior Research Analyst covering the education services sector at Lehman Brothers. Mr. Bisbee's coverage universe consists of all the major post-secondary education companies. He plans to expand his coverage universe in the future to include selected education and business services companies. Mr. Bisbee has been quoted in numerous publications, including The Wall Street Journal, BusinessWeek, Investor's Business Daily, and U.S. News & World Report, and has appeared on CNBC and Bloomberg TV to discuss the education industry. Prior to focusing on education, Mr. Bisbee worked as a Research Associate in the firm's business services practice for three years following a diversified group of business and consumer services companies. He initially joined Lehman Brothers in the summer of 1997 as an Associate in institutional equity sales, before moving to equity research in July 1999. He graduated from Hamilton College with a BA in Economics. Mr. Bisbee is a Chartered Financial Analyst. Profile
TWST: Gary, what has gone on in the education market so far this year?

Mr. Bisbee: Quite a bit. It has been an interesting year for the

education stocks. On a fundamental basis, the companies