Scott Burk (MBA '98), a research analyst with Bear Stearns, was named the No. 1 stock picker in industrial transportation in this year's Wall Street Journal "Best on the Street" analysts survey. Burk earned impressive returns on dry-bulk cargo shippers, including Eagle Bulk Shipping Inc., which returned 66 percent on the year, and Quintana Maritime Ltd., which earned a 59 percent return from May-when Burk issued a buy recommendation-through the end of the year. Burk's picks for 2008 include Genco Shipping & Trading Ltd., which he rated as a buy in November 2007, and Diana Shipping Inc., which he rated a buy in September 2007.
Burk was in good company. This year's second-place analyst in industrial transportation was also a Freeman alumnus. Douglas Mavrinac (MBA '01), an analyst at the Jefferies & Co. unit of Jefferies Group Inc., earned a 340 percent return with a buy on DryShips Inc. and a 122 percent full-year return on Quintana Maritime.
In addition to Burk and Mavrinac, Tulane alumnus Michael Judd (E '94), principal of Greenwich Consultants LLC in Rumson, N.J., was named the top analyst in chemicals.
Thomson Reuters Corp. surveyed more than 4,000 analysts at 260 firms to come up with this year's top stock pickers. The 220 "Best on the Street" analysts in 45 industry groups were selected from a pool of more than 1,700 who met the survey's eligibility requirements.