Consumer >> Sector Roundtables >> March 29, 2004


JONATHAN P. FEENEY, CFA, joined Wachovia Securities in July 2003. Previously, he was with SunTrust Robinson Humphrey Capital Markets as a Vice President covering the food and beverage sector, including major packaged food and beverage manufacturers as well as leading distributors. Mr. Feeney's previous experience in this area includes serving as Senior Research Associate with Lehman Brothers' leading beverages and food research team, which was ranked number three in Institutional Investor's 2000 and 2001 Polls. He also served as an Analyst with Credit Suisse First Boston, covering small cap growth companies in the technology area. He graduated from Harvard University with a degree in Government. Profile
ERIC KATZMAN, Managing Director, joined Deutsche Bank Securities Inc. in September 2000, and is currently a Senior Analyst covering the food sector. Mr. Katzman has been recognized as a Wall Street Journal Best of the Street three times. He has been ranked in the top three by the Greenwich survey on several occasions. He has also been recognized as part of Institutional Investor magazine's All-America Research Team. Prior to joining the firm, he was with Merrill Lynch as the US coordinator of food research, covering the industry since 1996. Prior to the food sector, he was the Senior Analyst covering toys and leisure. Earlier in his career at Merrill Lynch, he assisted with research coverage on the cosmetics and household product industries. In addition, he worked in economic research for Shearson Lehman Brothers and for Israel's Ministry of Trade and Industry. He received his MBA in Finance from New York University and his BA in Economics and Government from Oberlin College. He is a Chartered Financial Analyst. 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
TWST: Jonathan, what has gone on with the food stocks so far this year?

Mr. Feeney: I think so far this year you've seen food stocks continue to

be impacted fundamentally by the two big trends