Consumer >> Sector Roundtables >> July 10, 2000
MICHAEL A. HAPPEL is a Principal of Morgan Stanley Dean Witter & Co.
Previously, he was Director of Acquisitions for the Morgan Stanley Real
Estate Funds and was involved in real estate investment banking
activities at Morgan Stanley. Mr. Happel is a graduate of Harvard Law
School and Duke University. Profile
JOYCE MINOR is a Vice President at Lehman Brothers. Previously, she was
associated with Phoenix Duff & Phelps. Ms. Minor received her Bachelor's
degree in Economics from Macalester College and her MBA from Harvard
Business School. Profile
DAVID W. ANDERS is employed at Merrill Lynch as a First Vice
President covering the lodging and gaming sectors. Prior to this,
he was employed by Credit Suisse First Boston for just over three
years, where he covered gaming, lodging and leisure companies.
Mr. Anders started his career with Montgomery Securities in 1992.
He earned a Master of Science degree in Finance from the
University of Wisconsin, where he was a member of the Applied
Securities Analysis Program. For the last five years
Institutional Investor magazine has ranked Mr. Anders as one of
the top gaming and lodging analysts. He has been widely quoted in
many other trade publications. Additionally, Mr. Anders has
appeared on CNBC, CNNfn and Bloomberg Television. Profile
BRYAN A. MAHER is a Director and Senior Equity Analyst with Credit
Lyonnais Securities (USA), Inc. (CLS), responsible for providing equity
research on the lodging, gaming and leisure industries in the US. Prior
to joining Credit Lyonnais in 1999, Mr. Maher was an Equity Analyst at
Deutsche Banc Alex. Brown, where he was the Associate Lodging & Leisure
Analyst since April 1996. Prior to joining Deutsche Banc Alex. Brown,
Mr. Maher worked at Dean Witter Reynolds from 1992 to 1996. Preceding
his work at Dean Witter, Mr. Maher was an Analyst at the Trump Taj Mahal
in Atlantic City, NJ, from January 1990 to October 1991. Complementing
Mr. Maher's experience as an Equity Analyst on Wall Street are his nine
years of combined lodging and gaming operating experience. Mr. Maher
received his Bachelor of Science degree in Finance from Clemson
University and his MBA in Strategic Management from Georgia State
University. Profile
over the past six to 12 months?
Mr. Happel: Well, as you may recall, 1999 was a fairly difficult year
for the lodging
