Consumer >> Sector Roundtables >> October 4, 2004
James Marsh is a Managing Director and Senior Research Analyst at Piper Jaffray & Co., following entertainment, radio and television broadcasting, outdoor advertising and publishing companies. Previously, he co-founded Hanover Square Capital Management, LLC, a hedge fund focused on the consumer and media sectors. Prior to that, Mr. Marsh covered the radio and television broadcasting, publishing and outdoor advertising sectors at Cowen & Co., Robertson Stephens and Prudential Securities. In 2004, Mr. Marsh ranked third in stock picking for the broadcasting & entertainment sector in The Wall Street Journal's "Best on the Street" analyst survey, also ranking on the survey for forecasting in 2001 for broadcasting and in 2000 for publishing. Marsh holds an MBA in finance and international business from New York University and a BSBA in accounting from John Carroll University. He is a Chartered Financial Analyst as well as a Certified Public Accountant. Profile
EDWARD J. ATORINO, CFA, has been an analyst on Wall Street for over 30
years, following publishing, broadcasting, advertising, business
services and related areas at Fulcrum Global Partners LLC, Blaylock &
Partners, Dresdner Kleinwort Wasserstein, Oppenheimer & Co., Dillon
Read, Salomon Brothers, and Smith Barney. He has been awarded several
stock-picking awards over the course of his career, and has been ranked
by Institutional Investor 20 times. He ranked number one publishing
analyst in The Wall Street Journal's 'Best on the Street Survey.' He has
an MBA from New York University. He holds the Series 7, and 63
licenses and is a member of the New York Society of Security Analysts
and the Media and Entertainment Analysts of New York. Profile
DOUGLAS ARTHUR joined Morgan Stanley in late 1994 as a Principal
covering the publishing industry. He was promoted to Managing Director
in 1997. He came to Morgan Stanley after an almost 14 year stint at
Kidder, Peabody where he was an equity analyst covering industries
ranging from paper/forest products and business services to publishing,
which he assumed coverage of in 1991. He was ranked as Third Team in
2002 and First Team in 2001 by Institutional Investor, and was
previously ranked third and Runner-up for the last nine years. He also
ranked third in the recent Greenwich Research poll after placing fifth
and second in the last two years, as well as ranking first in the 2001
Reuters Poll, and fourth in the 2001 Wall Street Journal stock picking
poll. He is the president of the Media and Entertainment Analyst
Society of New York. Prior to joining Kidder, He worked at Chemical
Bank. He graduated from Colgate University in 1979 with a BA in History
and Art History. He earned a CFA in 1989. Profile
publishing group this year?
Mr. Marsh: I'd say it's been a disappointing year for newspaper
publishers. If you measure
