Consumer >> Sector Roundtables >> July 30, 2001

Roundtable Forum: Investing In Food Stocks

ROMITHA S. MALLY is a Vice President at Goldman Sachs & Co., where she covers packaged food companies. From 1995-1998 Ms. Mally was an Associate in the Communications, Media, and Entertainment Group in Investment Banking at the firm. Ms. Mally has an MBA from The University of Chicago. Profile
G. LEONARD TEITELBAUM is a Managing Director at Merrill Lynch Global Securities, which he joined in 1980, where he follows the food and agribusiness industries. He is currently the Global Coordinator for Food & Agribusiness Research for Merrill Lynch. Formally Mr. Teitelbaum was associated with Bankers Trust Company and with Morgan Bank. Prior to his banking experience, he was associated with Seidman and Seidman, Certified Public Accountants in New York City. Mr. Teitelbaum received his BBA and MBA from the University of Michigan. As an undergraduate, he majored in Industrial Relations and Marketing and as a graduate student specialized in Finance and Accounting. Mr. Teitelbaum is a member of the New York Society for Security Analysts, past President of the Consumer Analyst Group of New York and a Fellow in the Financial Analysts Federation. Profile
DAVID J. ADELMAN is a Managing Director and follows the US tobacco and packaged foods industries for Morgan Stanley. He joined the firm in 1990. He was ranked number two in tobacco in the 1999 and 2000 Institutional Investor All-America Research Team surveys. He earned a BA in Economics with honors and an MBA in Finance and Business Policy from the University of Chicago. He has testified before the Senate Commerce Committee and the Senate Judiciary Committee regarding national tobacco policy and the Department of Justice tobacco lawsuit. He is a member of the Consumer Analysts Group of New York and the New York Society of Security Analysts. Profile
DAVID C. NELSON is a Managing Director in the equities division of Credit Suisse First Boston with responsibility for food and agribusiness companies. He is an Institutional Investor All-American for food stock coverage. Immediately prior to joining the firm, Mr. Nelson was Deputy Director, Research and Senior Food and Agribusiness Analyst at NatWest Securities. He is the top-rated Analyst for agribusiness coverage in a survey of institutional investors by Greenwich Associates. Mr. Nelson holds a Bachelor of Science degree from Northern Illinois University and an MBA from George Washington University. Profile
TWST: Historically, the food stocks have been looked at as a defensive

play in a weakening economy. Has this view held true as the economy has

softened and the stock markets have pulled back?