HOMELAND SECURITY STOCKS: MICHAEL HOFFMAN - FRIEDMAN, BILLINGS, RAMSEY GROUP INC

Industry & Services >> Analyst Interviews >> April 19, 2004

Michael E. Hoffman, Director of Research at Wunderlich Securities, Inc. has 22 years of experience as a senior equity research analyst and in research and firm management with his most recent position as President, Chief Operating Officer and Director of Research at Caris & Company. Previously he was the Deputy Director of Research, Head of Fixed Income Research and Group Head of Diversified Industrial Research at Friedman Billings Ramsey covering the pollution control, solid waste and homeland security industries. He spent five years with Salomon Brothers covering pollution control, solid waste and specialty chemicals, a year with Robertson Stevens rebuilding its pollution control practice, 10 years with Credit Suisse where he built and managed at team of 80 in the US, Europe and Asia that created the firms fundamental global research database still in use today. He has been ranked number two by Institutional Investor, Greenwich Associates and Reuters in pollution control. He has a BSE degree from Widener University and an MBA degree from the Johnson School at Cornell University. Profile

TWST: Would you begin with an overview of your coverage in the homeland

security space?

Mr. Hoffman: We currently have under coverage Brink's Company (BCO),

Kroll (KROL), Armor Holdings (AH),

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HOMELAND SECURITY STOCKS: MICHAEL HOFFMAN – FRIEDMAN, BILLINGS, RAMSEY GROUP INC

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