Industry & Services >> Sector Roundtables >> September 22, 2003

Roundtable Forum: Industrial Equipment

JAMES LUCAS joined Janney Montgomery Scott in March 1998. His research coverage is dedicated to companies whose management has adopted 'modern manufacturing,' meaning lean production and continuous improvement techniques. In addition to modern manufacturing techniques, Mr. Lucas also searches for companies that generate strong cash flow, have dominant market niches and also have strong insider ownership. Prior to joining Janney, Mr. Lucas spent two years at NatWest Securities. From 1993 to 1996, Mr. Lucas was a Special Situations Analyst at Raymond James & Associates, where he followed a multitude of industries, including business services, electronics, infrastructure, manufacturing, outsourcing and real estate. He received a BS in Accounting and an MBA from Tampa College. In addition, Mr. Lucas has completed the three-day Executive Orientation of the Danaher Business System, participated in a week-long kaizen event conducted by Shingijutsu at a Stanley Works facility, attended a management symposium at Six Sigma Qualtec, and participated in a week-long kaizen event at JMS conducted by two senior members of the Danaher Business System Office. Profile
HOLDEN LEWIS is a Senior Vice President at BB&T Capital Markets Equity Research and follows companies in the industrial equipment sector, both manufacturing and distribution, with depth in the latter differentiating his coverage and providing a unique perspective on the sector. H e joined BB&T Capital Markets Equity Research in August 2002 and previously followed the same sector at CIBC World Markets, where he was a Director. Prior to that, he was Vice President at Dain Rauscher, covering regional industrial manufacturing and services companies. He spent two years as a technical analyst before moving into fundamental research with PaineWebber in 1994. He received his undergraduate degree in Business Management from the University of Vermont. Profile
TWST: Holden, would you give us a quick overview of your coverage and

what you see going on this space?

Mr. Lewis: My coverage extends to industrial manufacturers and