Consumer >> Sector Roundtables >> September 7, 1998
JOYCE MINOR is a Vice President at Lehman Brothers. Previously, she was
associated with Phoenix Duff & Phelps. Ms. Minor received her Bachelor's
degree in Economics from Macalester College and her MBA from Harvard
Business School. Profile
JASON N. ADER is a Senior Managing Director for Bear, Stearns &
Co., Inc. During the past eight years, he has built an impressive
franchise at Bear Stearns, supervising research coverage for more
than 50 public companies in the gaming, lodging and leisure
industries. His expertise also encompasses the gaming industry's
high yield bond market. He has received numerous distinctions for
his research. Not only has he been ranked in Institutional
Investor's All-America Research Team for the past eight years, he
has been II's top-ranked gaming and lodging analyst for three
consecutive years. In 1999, he was named one of New York City's
'40 Under 40' by Crain's New York Business. In addition, he
produces the North American Gaming Almanac and the Global Lodging
Almanac. Mr. Ader began his career at Baron Capital, where he
began following the casino industry. From Baron Capital, Mr. Ader
moved to Smith Barney. He joined Bear Stearns in 1995. He holds a
Bachelor of Science degree in Economics and a Master of Business
Administration degree in Finance from New York University. Profile
DENISE WILDER WARREN is a Vice President at Merrill Lynch & Co.
Previously, she was associated with CS First Boston. Ms. Warren
received her Bachelor's degree in Economics from Southern Methodist
University and her MBA from Harvard Business School.MICHAEL A. HAPPEL is
a Principal of Morgan Stanley Dean Witter. Previously, he was Director
of Acquisitions for the Morgan Stanley Real Estate Funds and was
involved in real estate investment banking activities at Morgan Stanley.
Mr. Happel is a graduate of Harvard Law School and Duke University. Profile
lodging stocks in 1998?
Ms. Minor: First, let's start out by talking about the performance of
the stocks year to date. We
