Dave Arcaro

Morgan Stanley & Co. LLC is a registered broker-dealer subsidiary of Morgan Stanley Domestic Holdings, Inc., ultimately owned by Morgan Stanley (NYSE: MS) in the US. Headquartered in New York City, the firm was founded in 1987 and provides debt and equity services including underwriting, M&A advice, securities dealing and brokerage and trade execution. Their client base ranges from large global institutional investors to hedge funds at the cutting edge of innovation in the industry.

Sidoti & Co. LLC (S&C) is a registered broker and equity research firm headquartered in New York City. The firm is a subsidiary of Sidoti Holding Co. LLC and was founded in 1999. S&C provides research exclusively to institutional investors. The firm covers the following sectors: housing, retail, basic industries, technology, business services, capital goods, automotive, computer software, regional banking, telecommunications, entertainment, healthcare and consumer products. Their analysts conduct their own due diligence which includes visiting companies and meeting with operating and financial management. In addition, the firm's analysts focus on fundamentals, particularly cash flow from operations and EPS.

Battle Road Research Ltd. is an independent equity research firm headquartered in Lexington, Massachusetts. The firm was founded in 2001 by Ben Z. Rose and provides fund managers and analysts with independent research coverage on technology and consumer stocks. Their research process combines rigorous financial analysis with insights gleaned from publicly-available industry data. They publish six to eight reports each month—or more than 70 reports each year—on stocks across their internet, software, manufacturing technology, and consumer sector coverage. Battle Road Research covers an eclectic mix of mostly small and mid-cap stocks, along with a sprinkling of large-cap sector leaders.