Consumer >> Sector Roundtables >> January 27, 2003
MARK SWARTZBERG joined Legg Mason in 2002, establishing beverages
coverage for the firm in June of that year. He has been covering
beverages since 1998, when he joined Salomon Smith Barney as a junior
member of its beverages research team. Institutional Investor magazine
cited Mr. Swartzberg's work recently, designating him a 'Next
Generation' analyst when establishing members of their 2003 All America
Research Team and identifying Legg Mason as the best firm providing
beverages research in the magazine's annual Best of the Boutiques
roundup. Mr. Swartzberg holds a BA from Duke University and an MBA from
Harvard University. Profile
BRYAN SPILLANE is a Vice President and Equity Research Analyst at
Banc of America Securities LLC, where he covers the beverage
industry. Prior to joining Banc of America Securities, he worked
as an Analyst at UBS Warburg, where he covered the food and
beverage industries. He began his career in the beverage industry
working for Cadbury Schweppes from 1989 to 1996 and later at
Triarc Beverage Group. He earned an MBA in Finance from the
University of Connecticut in 1997 and a BS in Economics from
Southern Connecticut State University in 1988. Profile
TWST: Bryan, could you start out by bringing us up to date? Whathas gone on in the group over the past year or so from a market
perspective?
Mr. Spillane: This is a defensive group and you