Consumer >> Sector Roundtables >> April 7, 2003
WILLIAM MARKS is a Director at JMP Securities LLC. He was
previously associated with Montgomery Securities/Banc of America
Securities from 1994 to 2000. He was named the number one real
estate analyst by The Wall Street Journal in 2001. He received a
BA from the University of California at Davis and an MBA from
Northwestern University. Profile
BRYAN MAHER is a Director and Senior Equity Analyst with Credit Lyonnais
Securities (USA), Inc. He is currently responsible for providing equity
research on 20 US companies in the lodging and gaming industries. Prior
to joining Credit Lyonnais in 1999, Mr. Maher was at Deutsche Banc Alex.
Brown (and its predecessor companies BT Securities and BT Alex. Brown)
and Dean Witter Reynolds. Mr. Maher was also an analyst at the Trump Taj
Mahal in Atlantic City, New Jersey, from 1990 to 1991. Mr. Maher
received a BS in Finance from Clemson University and has an MBA in
Strategic Management from Georgia State University. He has made numerous
appearances on the various financial news networks and has been widely
quoted in media publications on topics related to the US lodging, gaming
and leisure industries. William Schmitt is an Analyst at CIBC World
Markets, covering the hotels/lodging/casinos industry, among other
sectors. He was previously a gaming and lodging analyst at Wasserstein
Perella and Gerard Klauer Mattison. Mr. Schmitt received a BA from
hobart College and an MBA in Finance from Fordman University. Profile
TWST: Bryan, what has gone on in the lodging industry over thepast year or so from an operating point of view?
Mr. Maher: Operationally it's been pretty poor. One could
probably characterize