Natural Resources >> Sector Roundtables >> April 24, 2000

Roundtable Forum: Specialty Chemicals Industry

TRACY MARSHBANKS is a Vice President at First Analysis Securities Corporation. Previously, he was associated with Amoco Corp. He received his Bachelor's degree in Chemical Engineering from Colorado State University, his MBA from the University of Chicago and his PhD in Chemical Engineering from Purdue University. Profile
NICHOLAS P. REDFIELD is a Senior Equity Analyst, The One Group of Mutual Funds at Banc One Investment Advisors Corp. Prior to joining the firm, he was an Equity Research Manager with First Chicago NBD Corporation. He also worked as an Investment Analyst, US Area Interest Rate Risk Manager, and Credit Analyst for The Dow Chemical Company, Treasury Department. He holds a BS in Accounting and Economics from Albion College and an MBA in Finance and Accounting from the University of Michigan Graduate School of Business Administration. He is a CFA Level III candidate. Profile
KAREN GILSENAN is a Director with Merrill Lynch. She holds a Bachelor's degree in Economics from Wheaton College and an MBA in Finance from New York University. Ms. Gilsenan is a member of the Chemical Specialists Group and the New York Society of Security Analysts. Profile
ALLAN H. COHEN is a Managing Director at First Analysis Securities Corporation. Prior to joining First Analysis, he was associated with Kemper Securities, Valspar Corporation, Sherwin-Williams and Champion International. He earned his BA degree from SUNY at Buffalo, his MBA from the University of Chicago and his PhD from Northwestern University. Dr. Cohen is a member of the American Chemical Society, the Commercial Development Association and the Chemical Management Research Association. He is married with three children. Dr. Cohen's personal interests include bicycling, sailing, scuba diving, and his family. Profile
TWST: Nick, historically, why have investors been attracted to the

specialty chemicals? Are the reasons valid today?

Mr. Redfield: Ten years ago, growth was considerably higher. There were

a