Consumer >> Sector Roundtables >> April 29, 2002

Roundtable Forum: Supermarkets & Drug Chains

NEIL CURRIE is an Executive Director in the consumer group of UBS Warburg Equity Research. An Analyst since 1990, Mr. Currie specializes in food and drug retailers. Prior to 2000, he covered UK food and drug retailers from UBS Warburg's London office. In Institutional Investor's 2000 All-Europe Research Team, Mr. Currie was ranked number two in food and drug retailing. He also serves as UBS Warburg's Global Coordinator for retail research. Before joining UBS Warburg, Mr. Currie was an Analyst at Credit Lyonnais Securities in London. Previously, he was with Tesco, the UK's largest supermarket operator, where he ultimately became National Marketing Controller-Sales Promotions. Mr. Currie graduated from Manchester Polytechnic with a BA degree in Economics. Profile
MEREDITH ADLER is Lehman Brothers' Equity Analyst following the supermarket and drug store industries, including major chains such as Safeway, Kroger, Albertson's, Walgreen and CVS. She joined Lehman's equity research department in mid-1996 after spending 10 years as a high yield bond analyst. Ms. Adler ranked number two in the food and drug retailing category in the 2001 poll of equity analysts conducted by Institutional Investor magazine. Prior to joining Lehman Brothers, Ms. Adler worked in high yield research at Chase Securities, CS First Boston, and L.F. Rothschild. She received her MBA in Finance from New York University and a BA in Comparative Religion from Boston University, and she is a Chartered Financial Analyst. Profile
MARK HUSSON is an Analyst with Merrill Lynch, covering food and drug chains. Prior to joining Merrill Lynch, he worked at J.P. Morgan where he was Institutional Investor runner up for four years. He is currently ranked number one in the Institutional Investor All-American 2001 Survey and Greenwich Associates Survey 2000 and was number two in the 2000 and 1999 Institutional Investor All-American research polls. Mr. Husson previously worked for SG Warburg and Morgan Stanley in London and Tesco Plc and Marks and Spencer in his retailing career. Profile
TWST: Meredith, will you begin by reviewing the performance of the

supermarkets and the drug chains over the past year?

Ms. Adler: It's been kind of an interesting time. The stocks, I