In 1969, as a junior analyst with Paine Webber Jackson & Curtis, Harold Vogel attended his first due-diligence meeting to review the Walt Disney Co.s plans for $150 million issuance to help finance an amusement park in the swamplands of central Florida. And that is how I started following Disney and the entertainment business, Vogel explains. It turned out to be a winning combination.
Five years later he made his first appearance on the All-America Research Team, in third place in Leisure Time. (The sector was renamed Entertainment in 1994.) Vogel appeared every year through 1997, even as he changed firms first to Merrill Lynch, Pierce, Fenner & Smith in 1976 and then to Cowen and Co. in 1994 ranking 24 times, including ten years in the top spot. In 1984 he published Entertainment Industry Economics: A Guide for Financial Analysis, which quickly became the bible for sector analysts.
Vogel, 65, left the sell side in 1998; since then he has been CEO of Vogel Capital Management.
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