Portfolio Performance
Analysis, Inc. Tele: 231-947-9010
153 ½ East
Front Street, Suite “C” Cell: 231-392-9196
Traverse
City, Michigan 49684 Fax: 231-947-6543
E-mail: paseritis@ppatc.com
Experienced investment industry professional. Worked as a New York-based equity research analyst for 17 years. Currently President and primary owner of Portfolio Performance Analysis, Inc., a Michigan-based financial analysis and expert witness firm. Have 30 years of professional experience and achievement.
Investment Industry:
-In January 2001, joined Patrice Stewart as a principal at Portfolio Performance Analysis, Inc., a financial analysis and expert witness firm.
-In June 2001, established a professional business relationship with broker-dealer Financial West Group as a registered representative / investment adviser representative.
-Conceived, designed, built and professionally nurtured a highly ranked equity research franchise in aerospace and defense electronics at three large U.S. brokerage firms.
-Recognized by the highly acclaimed Institutional Investor equity research survey as an “All-American” research analyst on 13 separate occasions (this is an annual award).
-Initiated and pursued investment banking contacts that resulted in significant deal flow and generated tens of millions of dollars in fee income.
-Worked closely with senior executives (CEO/CFO) from the western world’s largest aerospace and defense firms.
U.S. Marine Corps:
-As a commissioned officer, responsibilities included command, design of training exercises, training, scheduling, supervision, budget management, aide-de-camp to commanding general of Far East bases, and coordination with important high-ranking foreign nationals.
Achievements:
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As President of PPA, have worked on more than 200 client cases, and have personally taken
more than 50 cases through to settlement. Positive
six- and seven- digit awards have been obtained
for clients in a number of these cases.
-
A primary speaker
at 10th annual PIABA convention on analyst liability issues.
-
Selected as
a member of the Board of Trustees for Western Michigan University by Governor
John Engler of Michigan. Have served
in this position since 2001; currently Vice-Chair.
- Initiated, managed, and nurtured a professional relationship with a “top-5” U.S. aerospace firm that resulted in $30 million in fee income from a $1 billion secondary stock offering. Also, recommended this company’s stock with great success at a time few others recognized the underlying value.
- Established a close long-term relationship with senior management of a “top-3” U.S. defense firm, and introduced investment bankers to management. Meeting resulted in a long-term business relationship and position as lead manager, with $30 million in fee income, for one of the largest mergers in U.S. aerospace history.
- Identified, analyzed, and evaluated a business inconsistency in the largest U.S. defense electronics firm of that time. In a highly controversial call, but one proven correct after the fact, investment rating was downgraded from strong buy to a sell. Market recognition for this call resulted in first-time Institutional Investor selection.
- Built and assiduously nurtured a personal and professional relationship with the COO, and ultimately the CEO, of the fastest-growing U.S. defense electronics firm. This resulted in two underwriting opportunities that generated millions in fee income.
- Dramatically improved standing of firm’s trading desk. When arrived, trading position was miniscule, but increased this into a “top-3” ranking within a year.
- Recognized as a “strategic thinker” when identified the emerging consolidation trend among aerospace / defense firms, and spelled this out in a Wall Street Journal interview. Aggressively recommended purchase, when others were negative, which turned out to be the correct posture as defense stocks soared.
- Utilized “new” valuation techniques like EVA to measure the true underlying value of aerospace / defense electronics issues. Return on Invested Capital (ROIC) versus Weighted Average Cost of Capital (WACC) measures were used extensively.
- Devised and developed sophisticated sales skills, including an ability to counter investor objections, and close the transaction. Utilizing these techniques, was able to build a 100% track record in closing every IPO, including “difficult” deals.
- Recognized in the Wall Street Journal research poll in either the Earnings or Stock Selection categories on numerous occasions since the poll was commissioned.
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Appeared as
the featured guest on the highly acclaimed investment program Wall Street Week with Louis Rukeyser.
- Conceived and built a strong equity research franchise over a 17-year period with a particular focus on forward-looking strategic thinking, insightful analysis, detailed written reports, stock selection, and close client relationships.
- Designed, implemented, and executed an exercise involving a U.S. Navy submarine, Marines under my command, U.S. Air Force para-rescue troops and aircraft. Exercise went so well that Marine and Air Force Generals exchanged congratulatory messages.
Work History:
Owner / President; Portfolio Performance Analysis, Inc. – 2001 to current
Industry / Business Consultant; Rocket Development Company -- 2000
Senior Aerospace Analyst / Director; Credit Suisse First Boston -- 1989 to 1999
Senior Aerospace Analyst / Vice President; Smith Barney -- 1986 to 1989
Defense Electronics Analyst / Vice President; E.F. Hutton -- 1982 to 1986
Infantry / Recon Officer U.S.M.C.; Honorable Discharge / Captain -- 1973 to 1980
Education and Professional:
MBA - Finance, Pennsylvania State University
BBA - Finance/Economics, Western Michigan University
Currently hold Series 7, 24, 63 and 66 NASD Licenses
Member NAIP and SIA Legal and Compliance Division
Guest business lecturer at NYU and Pennsylvania State University
Two-time President of N.Y. Aerospace Analysts Society