>> Hi, my name is Finay Ayallah [assumed spelling] I work at Morgan Stanley
in the Equity Research Department.
My role here is a junior equity research associate, so I support a senior analyst
who covers both food and tobacco stocks.
So my day to day responsibilities can range from anything to talking to different companies
or talking to people who are investing in these companies trying to decide, you know,
what they should do with it from an investment standpoint,
trying to get a better understanding of the industry as a whole.
So, we could be looking at industry trend, pricing, you know,
basically how we see the industry play out over the next year or so,
just getting a better understanding of that and everything that goes into that and in the end,
what we do is produce a written product to kind of [inaudible] our views.
So, basically we're actually about to enter into prime season.
So, this when every quarter, companies will release their quarterly financial results
and talk about how they've done in the quarter, where their businesses are trending.
So, those tend to be hectic days just because a company will release earnings at 7
in the morning, you got a press release and process everything that they have
in the press release and run it through different models that we have
to see how the company is doing, the performing line with our expectations, the performing line
with the expectations that they set for it, if they did, why didn't they.
But on these days, the stocks will tend to move based on what the companies say.
So, you have to do a lot of prep to get into it and the days leading up to it essentially.
So, when the day comes, you know, you're prepared for anything that might throw at you.
That doesn't mean that you're always prepared, things obviously always come up
and they're somewhat unexpected, but you kind of just deal with it as you go along.
So, on those days what will happen is press release will hit, you'll, you know, go through
and try to process all the information.
After an hour or two, companies will have a conference call where they go
through the results and different analysts can ask questions of the other companies and see,
you know, I mean, it could be anything from how to refine the little details
in the press release, to getting a broader idea of, you know,
where the company sees the industry going and why they see it going it that way.
And then we process that and put out a couple of reports based on, you know,
how we thought the results were, how it effects our thesis.
So, I mean, that's kind of the jest.
Those are kind of the busier days, just because there's a lot going on top
of just regular day to day stuff.
People are going to be more curious about what's going on those days.
So, those tend to be a more active, hectic day, so to speak.