Consumer: Airlines 2010 3rd
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Consumer: Airlines 2010 3rd

At No. 3 for a third year running is Barclays Capital’s Garrett Chase, described by one buy-side backer as “a big-picture guy — someone who gives you a longer-term view.”

Garrett Chase Barclays Capital


At No. 3 for a third year running is Barclays Capital’s Garrett Chase, described by one buy-side backer as “a big-picture guy — someone who gives you a longer-term view.” Last October, Chase downgraded AirTran Holdings of Orlando, Florida, the parent company of short-haul carrier AirTran Airways, on fears that its recent equity issue would prove dilutive. By the end of August, the stock had tumbled 11.4 percent, from $5.09 to $4.51, and trailed the sector by 27.8 percentage points.


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After two years in the runner-up position, Chip Dillon of Credit Suisse rises to No. 3. “He is able to understand more-esoteric issues specific to the space,” touts one client. Dillon initiated coverage of Pactiv Corp., the maker of Hefty brand trash and sandwich bags and a producer of food-service and food-packaging products, in March with an outperform rating, making the case that the Lake Forest, Illinois–based company was undervalued on the basis of earnings and cash flow.
Michael Gambardella, who sits atop the sector for a third year running, “has been covering this space for 25 years or more — I believe that is the right number — and he offers an unparalleled perspective, given his history with these companies and his relationships,” according to one satisfied client.
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