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In addition, Jefferies Equity Strategy team, a new contributor to Themes & Tactics in 2009, is of the view that the recovery will perhaps be more prolonged than the second half 2009 turnaround expected by many, as banks remain reticent to lend and consumers look to trim debt. This team believes 2009 forecasts for the equity market remain too high. Against that, valuations are seen to be at or near all time lows, and in many cases at levels which are difficult to understand across many sectors of Jefferies’ coverage universe, representing a time of potentially enormous investment opportunity.
Sectors covered in this year’s report include: Consumer, Gaming & Lodging; Clean Technology; Energy, Maritime & Logistics; Financial Services; Insurance; Healthcare, Biotechnology, Medical Devices & Diagnostics; Industrials, Aerospace & Defense; Technology, Media & Telecommunications and Utilities. The 2009 edition contains an expanded Consumer section with the addition of Consumer Products, Food & Healthy Lifestyle, and Specialty Apparel; newly added Metals & Mining, and Insurance; and broader coverage in Financials, Industrials, Technology and Media.
Jefferies’ equity research practice has nearly quadrupled over the last eight years with nearly 130 professionals covering more than 1,475 companies in the US and Europe. The firm continues to focus on growth and mid-cap investment opportunities worldwide, with nearly 70% of the companies under coverage having market capitalizations under $2 billion. Jefferies’ equity research analysts consistently rank among top industry professionals, capturing a total of 15 analyst awards thus far in 2008, including five analyst honors from The Wall Street Journal “Best on the Street” Analyst Survey, and ten awards from StarMine.
About Jefferies
Jefferies, a global investment bank and institutional securities firm, has served growing and mid-sized companies and their investors for over 45 years. Headquartered in New York, with more than 25 offices around the world, Jefferies provides clients with capital markets and financial advisory services, 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). Jefferies International Limited, a UK-incorporated, wholly owned subsidiary of Jefferies Group, Inc., was established in London in 1985 and is authorised and regulated by the UK Financial Services Authority.
For further information or to request a copy of the reports (US, international or both), please contact:
Tom Tarrant, Jefferies & Company, Inc., 203 708 5989, ttarrant@jefferies.com
Desiree Maghoo, Jefferies International Limited, +44 20 7029 8085, dmaghoo@jefferies.com
Josh Passman, Cubitt Jacobs & Prosek, 212 279 3115, x203, jpassman@cjpcom.com
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