Industry & Services >> Sector Roundtables >> May 18, 1998

Roundtable Forum: Education Industry

SCOTT L. SOFFEN is a Principal, Equity Research of Legg Mason Wood Walker, Inc. where he follows the education industry. Previously, he was associated with Lehman Brothers as a First Vice President, Merrill Lynch, and R.W. Baird. A Chartered Financial Analyst, Mr. Soffen earned his Bachelor's degree in economics from Rutgers University and his M.B.A. from New York University's Stern School of Business. Mr. Soffen is married, has two children and among his personal interests includes skiing, scuba diving and tennis. Profile
KARA CHESEBY is a Vice President of T. Rowe Price. Previously, Ms. Cheseby was associated with Legg Mason, Wachovia and Chubb Group. She earned her Bachelor's degree from Duke University. Ms. Cheseby is a Chartered Financial Analyst and is a member of the Baltimore Society of Chartered Financial Analysts. Ms. Cheseby is married and among her personal interests includes skiing, tennis and writing. Profile
GREGORY W. CAPELLI is a Vice President and Equity Analyst at Credit Suisse First Boston where he covers education and consumer service related companies. Previously, he was associated with ABN AMRO as a Vice President. He earned his Bachelor's degree in economics from Indiana University and his M.B.A. in finance from Dominican University. He is a member of the Chicago Society of Analysts. Mr. Cappelli is married, has one child and among his personal interests includes piano, basketball, reading and teaching. Profile
GERALD R. ODENING, Managing Director of JP Morgan Securities, joined the firm via Hambrecht & Quist in 1999 to manage the education industry research effort. Prior to H&Q, he managed the education service industry research effort for Salomon Smith Barney from 1994 to 1999, and has spent over 20 years in the securities industry. He was ranked number two in the education services category on the 1998 Institutional Investor All-America Research Team. He received a BA from Occidental College. His comments on the industry have appeared in such publications as The Chronicle of Higher Education, The Wall Street Journal, Fortune, Forbes, Financial Times and Investor's Business Daily. Profile
TWST: Gerald, please tell us how the education industry evolved and how

it's developed into an area for investment?

Mr. Odening: The group started in the last four or five years. There