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Business Observer Friday, May 29, 2009 11 years ago

Local stock picker gets rave reviews

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A stock analyst for St. Petersburg-based investment bank Raymond James has the rare distinction of being named a top stock picker in two sectors by the Wall Street Journal.

A stock analyst for St. Petersburg-based investment bank Raymond James has the rare distinction of being named a top stock picker in two sectors by the Wall Street Journal.

Brian Gesuale, 36, was chosen by the Journal for his two main coverage areas: Internet and computer services and aerospace and defense. The newspaper picks the top five stock pickers each year based on the results of companies the analysts said investors should buy or sell.

Gesuale was the number one ranked analyst in the aerospace and defense sector, where according to the Journal he sought out small companies with unseen value that were not as well known as the big sector players, such as Northrop Grumman or Lockheed Martin. Gesuale also ranked second in the computer and Internet service category, using much of the same strategy.

In each sector, Gesuale told the paper he uses a similar approach when finding companies he will put a “buy” tag on: He seeks companies that are undiscovered or under-followed and ones that have a combination of good leadership, long-term contract possibilities and a technology that creates a barrier to entry for others.

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