Bear Stearns Introduces New Lodging Research Product; A Unique Perspective from the Only Analyst on Wall Street to Cover the Debt and Equity Sides of the Lodging Industry.Business Editors NEW YORK--(BUSINESS WIRE)--Jan. 24, 2002 Jason Ader, Bear Stearns The Bear Stearns Companies, Inc. (NYSE: BSC) is the parent company of Bear, Stearns & Co. Inc., one of the largest global investment banks and securities trading and brokerage firms in the world. senior managing director and lodging analyst, has initiated research coverage of the US lodging industry's high yield bond market. The move makes Ader the first major Wall Street analyst to cover lodging industry bond, as well as stock, issues. The new coverage is aimed at providing clients of Bear Stearns with Wall Street's most comprehensive single-source analysis of the lodging sector. To kick-off his coverage, Ader released a new 148-page report entitled, Lodging Outlook 2002. The report provides a thorough high yield debt investment thesis and analysis for the lodging industry. It also includes a credit outlook for lodging companies, investment recommendations in the sector, a look at current lodging supply and demand trends, a relative value analysis and 60-pages of macroeconomic mac·ro·ec·o·nom·ics n. (used with a sing. verb) The study of the overall aspects and workings of a national economy, such as income, output, and the interrelationship among diverse economic sectors. as well as industry data and metrics. To obtain a copy of the report or to learn more about Bear Stearns' lodging industry high yield coverage, please contact Laura Conover at 212-272-8768 or Russell Sherman at 212-272-5219. Founded in 1923, Bear, Stearns & Co. Inc. is a leading worldwide investment banking and securities trading securities trading, financial activity involving transactions of property such as stocks, bonds, commodities, and currency (see securities). Although the trading of stocks and bonds dates back several centuries in many Western nations, the development of the and brokerage firm, and the major subsidiary of The Bear Stearns Companies Inc. (NYSE NYSE See: New York Stock Exchange :BSC (Binary Synchronous Communications) See bisync. ). With approximately $29.8 billion in total capital, Bear Stearns serves governments, corporations, institutions and individuals worldwide. The company's business includes corporate finance and mergers and acquisitions, institutional equities and fixed income sales, trading and research, private client services, derivatives, foreign exchange and futures sales and trading, asset management and custody services. Through Bear, Stearns Securities Corp., it offers prime broker and broker dealer services, including securities lending Securities Lending When a brokerage lends securities owned by its clients to short sellers. Notes: This allows brokers to create additional revenue (commissions) on the short sale transaction. . Headquartered in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. , the company has approximately 10,500 employees worldwide. For additional information about Bear Stearns, please visit the firm's Web site at http://www.bearstearns.com. |
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