Financial Services >> Analyst Interviews >> January 6, 2014
Tom Mitchell, Senior Financial Analyst at Miller Tabak + Co., LLC, started in the industry working as a Research Analyst with NYSE firm Mabon, Nugent & Co. in 1973, covering consumer and commercial finance companies, credit card companies and large multi-industry companies encompassing major insurance and financial subsidiaries. He also managed a firm account investing in distressed situations, reorganizations and bankruptcies. In 1983, Mr. Mitchell joined the New York investment management firm of Weiss, Peck & Greer as one of five Portfolio Analysts, with primary coverage responsibility for the financial stock sector. As a General Partner of WPG from 1984 to 1990, Mr. Mitchell also initiated programs for WPG to invest in foreign stocks and to use index futures and options for bona fide portfolio hedging. In 1990, he branched out to set up an independent money management shop, Thomas Mitchell Management Co., Inc., and has managed both individual and institutional accounts for the past 24 years. A respect for credit analysis and for observation of broad industry trends has guided his investing approach throughout the past 42 years. Mr. Mitchell was named The Wall Street Journal’s number one analyst for stock picking in the real estate sector for the year 2011, in its “Best on the Street” annual issue May 10, 2012. He was also named StarMine's number one analyst for stock picking in the bank sector for the year 2013, in the September, 2014 StarMine release. Profile
TWST: How would you characterize 2013 for the banks from an operating point of view?
Mr. Mitchell: Just purely from an operating point of view, it continued to be quite sluggish. We saw