Jefferies Equity Analyst to Cover Special Situations; Craig Peckham to Add Special Situations to Business Services Coverage.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Jefferies & Company, Inc., the principal operating subsidiary An operating subsidiary is a business term frequently used within the United States railroad industry. In the case of a railroad, it refers to a company that is a subsidiary but operates with its own identity and rolling stock. of Jefferies Group, Inc. (NYSE NYSE See: New York Stock Exchange : JEF JEF Jefferies Group, Inc. (stock symbol) JEF Junge Europäische Föderalisten (German: Young European Federalists) JEF Joint Educational Facilities, Inc. ), today announced that Managing Director Craig Peckham, CFA (Computer Fraud and Abuse Act of 1986) Signed into law in 1986, the CFA was a significant step forward in criminalizing unauthorized access to computer systems and networks. The Act applies to "federal interest computers" that include any system used by the U.S. will assume responsibility for coverage of special situations, a key area for the firm, in addition to his coverage of business services. Mr. Peckham's special situations coverage will target Bulletin Board and post-reorganization equity securities. He will also cover listed shares that represent under-followed, mid-sized growth and value investments, consistent with Jefferies focus on growing and mid-sized companies and their investors. Mr. Peckham will enhance Jefferies' overall effort in special situations and enable the firm to leverage the insights and relationships gained from its broad presence and strong standing in this regard. Jefferies has long been a top trader of high yield bonds and distressed debt distressed debt Debt with low junk status and a market price substantially below par value, often pennies on the dollar. Investors sometimes buy distressed debt on the possibility that management can renegotiate loan agreements and keep the issuer out of . In addition, the firm is a leading trader of Bulletin Board stocks and other post-reorganization equities, having added a Bulletin Board desk in the fall of 2002 to its broad equity trading In finance, equity trading is the buying and selling of company stock shares. Shares in large publicly-traded companies are bought and sold through one of the major stock exchanges, such as the New York Stock Exchange, London Stock Exchange or Tokyo Stock Exchange, which serve as platform. On the corporate side, Jefferies is also a leading advisor to companies in need of recapitalization and/or restructuring. "Craig Peckham was a rising star when he joined Jefferies in 2000, and with his experience is well placed to continue to build our presence in this area," said Steven R. Black, Director of Equity Research at Jefferies. "Jefferies is focused on special situations as a strategic area, and Craig's background, analytical skills and overall approach make him a natural for this role." "As an active trader in Bulletin Board stocks and distressed securities Distressed Securities A company that is currently going through hard times and, as a result, the market value of its securities or assets fall substantially in value. Notes: These securities then become attractive to bottom fishers or vultures. in general, Jefferies' research focused on post-restructured equities offers a unique opportunity for our institutional clients that complements the substantial liquidity provided by Jefferies' leading market making and trading in this area," added Ronald V. Hammer, Head of Bulletin Board and International Equity Trading at Jefferies. Mr. Peckham is a Managing Director and Senior Equity Research Analyst with nearly 10 years of Wall Street experience, which includes coverage of the services sector for the last five years. Prior to joining Jefferies in May 2000, he was a vice president and equity analyst at Bear Stearns, where he specialized in the financial services and technology sectors. Mr. Peckham is a CFA charterholder and a member of the CFA Institute and the New York Society of Security Analysts. He reports to Mr. Black and is based in the firm's New York headquarters. About Jefferies Jefferies, a global investment bank and institutional securities firm, has served growing and mid-sized companies and their investors for over 40 years. Headquartered in New York, with more than 25 offices around the world, Jefferies provides clients with capital markets and financial advisory services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal , institutional brokerage, securities research and asset management. The firm is a leading provider of trade execution in equity, high yield, convertible and international securities for institutional investors and high net worth individuals. Jefferies & Company, Inc. is the principal operating subsidiary of Jefferies Group, Inc. (NYSE: JEF; www.jefferies.com). |
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