Business & Industrial Services/Industrial Services

Trash to Cash V - Our review of the fundamentals of the waste sector endeavors to go over the good, the bad, and the ugly of this sector, with an underlying theme that we believe free cash flows should remain sound, funding healthy dividends, buybacks, and/or debt reduction.

Energy/Coal

Time to Put a Little Coal in Your Stocking This Holiday Season? - The outlook for both domestic and international coal production has taken a turn for the worse in recent months.  This report examines how and why the fundamentals have deteriorated, how we believe the industry could recover in the coming years, and what effect all of this could have on the equities of coal companies.

Financial Services/Banking

2008 Deposit Market Share Report - This comprehensive piece details market share gains and losses by company and type of bank (national, regional, and community banks) for every region of the U.S.

Healthcare

Drug Channel Monitor - Our quarterly examination of key trends for pharmaceutical manufacturers, drug distributors, pharma service providers, and drug stores.  Our 3Q08 survey reflects continued deceleration in prescription growth, despite easing year-over-year comparisons.

Healthcare/Pharma Services

Contract Research Organization Review - In this report, we review the CRO industry in detail and the companies we cover in this sector.  During 3Q08, the sector’s protective barrier of recession-resistant secular trends gave way to a rush of negative market sentiment.  Yet the stock declines have been inconsistent with movements in consensus estimates, in our view.

Real Estate/Housing

Housing Quarterly - Our periodic in-depth analysis of the Housing segment of the Real Estate sector and the companies we cover in this segment.

Technology/Analog & Communications Semiconductors

Industry Review and Outlook - Our annual thorough analysis of this sector, including our detailed outlook for the overall sector and each of the companies we cover within this sector.

Technology/IT Hardware & Distribution

IT Supply Chain:  2008 Review and 2009 Outlook - Our annual thorough analysis of this sector, including our detailed outlook for the overall sector and each of the companies we cover within this sector.

Telecommunications/Telecommunications Equipment

Optical Components:  State of the Industry - We remain cautious on the optical components market.  Our view reflects slowing system vendor demand, constrained carrier capital spending, lackluster broadband subscriber trends, and weak traffic demand.

Handset Overview:  Trends & Opportunities - Our periodic review of the market for wireless telephone handsets and the many companies with a stake in this market.