Capital Goods/Industrials: Engineering & Construction
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Capital Goods/Industrials: Engineering & Construction

Baltimore-based Barry Bannister of Stifel, Nicolaus & Co., who repeats in second place, wins plaudits for a top-down approach that keeps him “focused on big-picture themes,” as one fund manager puts it.

Barry Bannister Stifel, Nicolaus & Co.


Baltimore-based Barry Bannister of Stifel, Nicolaus & Co., who repeats in second place, wins plaudits for a top-down approach that keeps him “focused on big-picture themes,” as one fund manager puts it. In May 2009, Bannister upgraded Chicago Bridge & Iron Co. from hold to buy, at $10.73, arguing that the declining dollar would buoy the oil-drill designer’s order flow. It did, and through August 2010 the shares of the company, which is incorporated in the Netherlands but has its operational headquarters in the Woodlands, Texas, more than doubled, to $21.78. During the same period the sector slid 6.5 percent.


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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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